NYSE Files Form 25 to Delist Kenvue Common Stock

What happened

The New York Stock Exchange filed a Form 25 with the Securities and Exchange Commission on November 2, 2026, notifying the regulator that it is striking Kenvue Inc.'s common stock from its listing and withdrawing its registration on the exchange, according to the filing.

The form identifies Kenvue as the issuer, lists its principal executive offices at 1 Kenvue Way in Summit, New Jersey, and names common stock as the class of securities affected. The filing is signed by Anthony Sozzi, an analyst in the exchange's Market Watch unit.

Kenvue shares closed at $19.31 on the reporting date, down 1.28% from the prior close of $19.56, according to the price data.

What the company does

Kenvue Inc. is a consumer health and personal-care company. Its business falls under the industry classification of perfumes, cosmetics and other toilet preparations—the everyday consumer products segment that includes skin care, oral care and over-the-counter health items. The company was spun out of Johnson & Johnson and began trading as an independent public company.

What this means

A Form 25 is the formal notice that a security is being removed from an exchange listing and from the registration that listing requires. Under Section 12(b) of the Securities Exchange Act of 1934, a company's securities must be registered with the SEC when they trade on a national exchange. Removing a stock from that exchange requires this notification, and either the issuer or the exchange can file it. Here, the exchange—the NYSE—is the filer.

The form displays four rule provisions under which a listing can be struck—17 CFR 240.12d2-2(a)(1) through (a)(4)—along with a provision for exchange-initiated action under 12d2-2(b) and one for issuer-initiated voluntary withdrawal under 12d2-2(c). The provided text does not make clear which box is marked, so the filing alone does not establish whether the delisting was initiated by Kenvue or by the NYSE.

This filing covers common stock, not debt securities. That distinction matters: a Form 25 filed for notes or bonds approaching maturity is routine housekeeping marking the end of a debt's listed life, whereas a Form 25 for common stock removes the shares themselves from the exchange. This is the latter kind.

Once the Form 25 is processed, Kenvue's shares would no longer trade on the NYSE. The filing does not state a reason for the removal, and the provided sources do not explain why it was filed. Nothing in the filing indicates whether the shares will trade on another venue, be redeemed or be exchanged for cash or other consideration.