v3.26.1
Schedule of Assets (Held at End of Year) Form 5500, Schedule H, Line 4i
 12 Months Ended
Dec. 31, 2025
EBP 001  
EBP, Schedule of Asset Held for Investment [Line Items]  
Schedule of Assets (Held at End of Year) Form 5500, Schedule H, Line 4i
Papa John’s International, Inc. 401(k) Plan
Schedule of Assets (Held at End of Year)
Form 5500, Schedule H, Line 4i
EIN: 61-1203323, Plan Number: 001
As of December 31, 2025

(a)
Identity of Issuer, Borrower,
Lessor, or Similar Party (b)		Description of Investment including Maturity Date, Rate of Interest, Collateral, Par, or Maturity Value (c)Cost (d)**Current Value (e)
Common stock:
*Papa John's International, Inc.Common Stock$1,442,629 
Mutual funds:
PimcoPimco Total Return Institutional Fund1,165,559 
Vanguard GroupVanguard Target RMT Income INV Fund220,504 
Vanguard GroupVanguard Target RMT 2020 INV Fund1,916,581 
Vanguard GroupVanguard Target RMT 2025 INV Fund1,266,586 
Vanguard GroupVanguard Target RMT 2030 INV Fund13,136,240 
Vanguard GroupVanguard Target RMT 2035 INV Fund5,316,590 
Vanguard GroupVanguard Target RMT 2040 INV Fund21,451,041 
Vanguard GroupVanguard Target RMT 2045 INV Fund5,744,160 
Vanguard GroupVanguard Target RMT 2050 INV Fund15,216,194 
Vanguard GroupVanguard Target RMT 2055 INV Fund6,113,113 
Vanguard GroupVanguard Target RMT 2060 INV Fund6,765,308 
Vanguard GroupVanguard Target RMT 2065 INV Fund1,270,836 
Vanguard GroupVanguard Target RMT 2070 INV Fund166,655 
Vanguard GroupVanguard Equity-Income ADM Fund2,412,167 
Blackrock Advisors, LLCBlackrock High Yield Bond K Fund1,779,909 
Blackrock Advisors, LLCIshares US Aggregate Bond Index K Fund302,888 
Capital Research and Mgmt CoAmerican FDS US Gov't SEC R6 Fund473,034 
Vanguard GroupVNGRD RSL 1000 GR IDX INST FD9,226,633 
Vanguard GroupVanguard FTSE SOC IDX ADM Fund465,952 
Vanguard GroupVanguard Small Cap Growth Index Admiral Fund1,327,710 
Fidelity InvestmentsFidelity Inf-Pro Bond Index FD543,938 
Fidelity InvestmentsFidelity 500 Index Fund9,076,260 
Vanguard GroupVanguard EMG MK Stk IDX ADM Fund1,328,399 
Blackrock Advisors, LLCIshares MSCI EAFE Int IDX K Fund802,502 
John HancockJohn Hancock Disc Val MC R6 FD1,054,735 
Vanguard GroupVanguard Small Cap Value Index Admiral Fund1,433,117 
PGIM Investments, LLCPGIM Jennison MD CAP GTH R6 FD2,899,370 
112,875,981 
Pooled separate accounts:
*Principal Life Insurance CompanyDiversified International Separate Account2,388,059 
*Principal Life Insurance CompanySmall-Cap S&P 600 Index Separate Account739,085 
*Principal Life Insurance CompanyMid-Cap S&P 400 Index Separate Account1,569,404 
*Principal Life Insurance CompanyCapital Appreciation Separate Account10,059,949 
14,756,497 
Collective trust fund:
*Principal Global Investors Trust CompanyPrincipal Stable Value Z Fund2,727,136 
2,727,136 
*Participant Loans***$— 4,021,764 
$135,824,007 
*Represents party-in-interest to the Plan.
**Historical cost information is not required for participant-directed investments
***
Interest rates on notes receivable range from 4.25% to 9.50% and maturity dates range from 2026 through 2038.