Khouri Sami Gabriel 4
Research Summary
AI-generated summary
BBB Foods (TBBB) Director Khouri Sami Gabriel Sells 350,000 Shares
What Happened
- Khouri Sami Gabriel, a director of BBB Foods Inc. (TBBB), disposed of 350,000 shares on June 1, 2026. The reported sale price was $32.50 per share, for gross proceeds of $11,375,000. The shares were Class C Common Shares that converted and were sold as Class A Common Shares in the issuer's follow-on offering.
Key Details
- Transaction date: June 1, 2026; Form 4 filed: June 3, 2026 (timely).
- Reported price: $32.50 per share; gross proceeds: $11,375,000.
- Underwriting discounts/commissions: $0.78 per share (reducing net proceeds by about $273,000), so net proceeds ≈ $11.10M.
- Instrument/structure: Class C Common Shares automatically converted into Class A Common Shares immediately upon sale (see footnotes F1 & F2).
- Beneficial ownership: The reporting person disclaims beneficial ownership except for any pecuniary interest (footnote F3).
- Regulation note: Issuer is a foreign private issuer, so these transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act (remark in filing).
- Shares owned after transaction: not specified in the Form 4.
Context
- This was a sale tied to the company's follow-on offering rather than a standard open-market insider sell; the Class C shares converted to Class A immediately upon sale and were sold at the offering price less underwriting fees.
- The filing contains routine disclosures and a disclaimer of beneficial ownership; no 10b5-1 plan, gift, option exercise, or late-filing flag is indicated in the report.
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