Bortner Andrea Renee 4

What Happened

• Andrea R. Bortner, EVP & Chief Human Resources Officer of Grocery Outlet Holding Corp. (GO), had 10,286 performance-based shares vest and be delivered to her on March 6, 2026. Those shares were acquired at $0 as they were performance stock units certified vested by the compensation committee.
• On March 9, 2026 she sold 4,053 of those shares in an open-market sale at $5.84 per share, generating proceeds of $23,670. The sale was disclosed on a Form 4 filed March 10, 2026.
• Net of the sale, Ms. Bortner retained 6,233 of the newly vested 10,286 shares.

Key Details

• Transaction dates and prices:
  • 2026-03-06: Award/acquisition of 10,286 shares (PSUs vested) — $0 per share (acquired).
  • 2026-03-09: Open-market sale of 4,053 shares at $5.84 — proceeds $23,670.
• Reason for sale: Filing notes the 4,053-share sale was to satisfy tax withholding obligations on vested RSUs.
• Shares owned after transaction: The filing does not state total shares owned by Ms. Bortner across all holdings; she retained 6,233 of the newly vested shares after the withholding sale. The filing also references shares held directly by the Bortner Family Trust.
• Filing timeliness: Form 4 was filed March 10, 2026 and appears timely relative to the reported transaction dates.

Context

• These transactions reflect vesting of performance-based equity and a routine sale to cover tax withholding, not a market-timing purchase. Awards/vests are common part of executive compensation; sales for tax withholding are standard and do not necessarily indicate a change in insider sentiment.