FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Moeller Jon R 2. Issuer Name and Ticker or Trading Symbol PROCTER & GAMBLE Co [ PG ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Vice Chairman and COO
(Last)         (First)         (Middle)
ONE PROCTER & GAMBLE PLAZA
3. Date of Earliest Transaction (MM/DD/YYYY)
5/3/2021
(Street)
CINCINNATI, OH 45202
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  5/3/2021    M    132151  A $85.13  253822.9888  D   
Common Stock  5/3/2021    S    132151  D $134.6101 (1) 121671.9888  D   
Common Stock  5/3/2021    M    22975  A $85.13  28561.9821  I  By Spouse 
Common Stock  5/3/2021    S    22975  D $134.6361 (2) 5586.9821  I  By Spouse 
Common Stock                 19582.2819 (3) I  By Retirement Plan Trustees 
Common Stock                 20691.1387 (3) I  By Spouse, By Retirement Plan Trustees 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy)  $85.13  5/3/2021    M        132151   2/27/2018  2/27/2025  Common Stock  132151  $0  0  D   
Stock Option (Right to Buy)  $85.13  5/3/2021    M        22975   2/27/2018  2/27/2025  Common Stock  22975  $0  0  I  By Spouse 

Explanation of Responses:
(1)  Weighted average price of the shares sold. The price range was $134.25 to $135.03. Full information regarding the number of shares sold at each separate price available upon request.
(2)  Weighted average price of the shares sold. The price range was $134.62 to $134.70. Full information regarding the number of shares sold at each separate price available upon request.
(3)  Reflects adjustment to PST through March 31, 2021.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Moeller Jon R
ONE PROCTER & GAMBLE PLAZA
CINCINNATI, OH 45202


Vice Chairman and COO

Signatures
/s/ Aaron B. Shepherd, attorney-in-fact for Jon R. Moeller 5/5/2021
**Signature of Reporting Person Date
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