LEE EUGENE I JR 4

What Happened Eugene I. Lee Jr, a director of Portillo's, made open-market purchases of Portillo's (PTLO) common stock on 2026-05-11, acquiring 70,165 shares at a weighted average price of $4.28 per share for a total of approximately $300,306. This was a purchase transaction (code P), which is generally viewed as a direct acquisition of stock (a bullish signal relative to sales, though motivations are not disclosed).

Key Details

• Transaction date: 2026-05-11 (reported on Form 4 filed 2026-05-12).
• Price: weighted average $4.28; individual trades ranged from $4.23 to $4.32 per share (see footnote).
• Shares acquired: 70,165; aggregate value reported ~ $300,306.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: the per-share price is a weighted average; the filer said they can provide the number of shares bought at each price within the $4.23–$4.32 range upon request.
• Timeliness: filing appears timely (transaction on 2026-05-11; Form 4 filed 2026-05-12).

Context This was an outright open-market purchase (no option exercise, award, or gift). Purchases by directors can be informative to investors because they represent direct buying, but they do not by themselves reveal the purchaser’s motive or guarantee future performance.