Kapoor Raj 4

What Happened
Raj Kapoor, Chief Operating Officer of Wingstop Inc. (WING), had restricted stock units (RSUs) convert into common shares on May 1, 2026. The filing shows two RSU conversion events of 353 shares each (706 shares total acquired on conversion). For each conversion, 139 shares were automatically withheld to satisfy tax liabilities at an implied price of $160.73 per share — 278 shares withheld in total, representing $44,682. The Form 4 also lists related derivative entries at $0 tied to the conversions (procedural, no cash value).

Key Details

• Transaction date: May 1, 2026. Conversion (code M) and tax withholding (code F) reported on that date.
• Price for conversion: $0.00 (RSUs convert one-for-one into shares). Tax withholding shown at $160.73 per share.
• Withheld shares/value: 139 shares x 2 events = 278 shares withheld; 139 x $160.73 = $22,341 per event; total $44,682 withheld.
• Shares owned after transaction: Not specified in the provided data.
• Footnotes: RSUs convert 1-for-1 to common stock (F1). Withholding occurred automatically upon vesting; no independent investment decision was made (F2). The RSUs were granted May 1, 2023 under the 2015 Omnibus Incentive Plan and vest in three equal annual installments (service-based and sign‑on grants noted in F3–F4).
• Filing timeliness: No late filing indicated in the provided information.

Context
This was a routine vesting/settlement of RSUs, not an open‑market purchase or planned sale. The tax withholding is a common cashless settlement method and should not be read as an active sell decision by the insider. Derivative/zero-dollar entries in the filing reflect the mechanics of converting RSUs and withholding taxes rather than a market transaction.