RAFIQ ATIF 4

What Happened
Rafiq Atif, a director of Mister Car Wash, reported exercising/converting 14,144 derivative awards and disposing of a total of 46,175 shares (32,031 shares + 14,144 derivative shares) on 2026-05-19. Per the merger agreement, each cancelled share converted into $7.00 in cash, so the disposed shares correspond to roughly $323,225 in aggregate cash consideration. The Form 4 lists the exercise/conversion (transaction code M) and dispositions to the issuer (transaction code D); the individual transaction prices are shown as N/A on the form but the merger footnotes specify the $7.00 per-share merger consideration.

Key Details

• Transaction date: 2026-05-19 (Filed same day) — appears timely.
• Transactions reported: M (exercise/conversion) — 14,144 shares acquired; D (disposition to issuer) — 32,031 shares disposed; M (derivative disposition) — 14,144 shares disposed.
• Merger consideration: $7.00 per share (footnote) → 46,175 shares × $7 = $323,225 total cash.
• Shares owned after transaction: not reported in the filing.
• Footnotes: F1 describes the merger under the Merger Agreement that cancelled outstanding common stock for $7.00 cash per share; F2 states restricted stock units fully vested and were converted into lump-sum cash equal to the Merger Consideration.
• Transaction codes: M = option/derivative exercise or conversion; D = disposition to issuer.

Context
These transactions are merger-related: derivatives were exercised/converted and shares (including RSUs per the footnote) were cancelled and converted into cash at the merger's fixed price. This is not an open-market sale but a cash-out under the Merger Agreement, so it reflects the deal mechanics rather than an independent trading decision.