BBB Foods (TBBB) Director Reich Sapire Exercises 20,000 Options

What Happened
Reich Sapire Rose Nicole Dominique, a director of BBB FOODS INC (TBBB), exercised options on August 7, 2026 to acquire 20,000 shares at an exercise price of $9.67 per share (total exercise value $193,400). To satisfy tax/exercise withholding, 4,754 of the acquired shares were surrendered/disposed at $40.67 per share (value $193,345). The filing also reports a related derivative conversion entry tied to the issuer’s share-class conversion on the same date.

Key Details

• Transaction date: August 7, 2026. Form filed: August 11, 2026 (timeliness not indicated in the filing).
• Exercise: 20,000 shares acquired at $9.67/share = $193,400 (code M).
• Withholding/payment: 4,754 shares disposed at $40.67/share = $193,345 to cover exercise price/tax (code F). Net shares received = 20,000 − 4,754 = 15,246 shares.
• Footnotes:
  • F1: Options vest over five years (25% vests on each of the 2nd–5th anniversaries of Dec 15, 2022).
  • F2: Options expire Dec 16, 2052.
  • F3: On Aug 7, 2026, all Class C common shares converted to Class A, and related options converted accordingly.
• Shares owned after the transaction: not specified in the filing.
• The issuer notes it is a foreign private issuer and the reporting person’s transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.

Context
This was a typical option exercise with shares withheld to cover taxes/exercise costs (a net-share or cashless-like settlement), rather than an open-market sale or cash purchase. The conversion footnote reflects a corporate share-class conversion that changed options previously tied to Class C shares into Class A shares. These entries are factual record of the exercise and withholding; they do not by themselves indicate the insider’s view of the company.