Scarpino Nicholas Anthony 4

4 · Portillo's Inc. · Filed Nov 14, 2022

Form 4

Period: 2022-11-11

Chief Marketing Officer

Transactions

Exercise/Conversion
Class A common stock
[F1][F2]
2022-11-11$3.30/sh+21,500$70,950→ 31,155 total
Sale
Class A common stock
[F3]
2022-11-11$25.38/sh−21,500$545,670→ 9,655 total
Exercise/Conversion
Stock Option (right to buy)
[F3]
2022-11-11−21,500→ 78,349 total
Exercise: $3.30Exp: 2025-01-05→ Class A common stock (21,500 underlying)

Footnotes (3)

[F1]The transactions reported on this Form 4 were all effected pursuant to 10b5-1 trading plan entered into on September 7, 2022.
[F2]Represents the exercise of options previously granted on 1/15/2015 pursuant to the Issuer's 2014 Equity Incentive Plan, which were substituted for options to purchase shares of Class A common stock under the Issuer's 2021 Equity Incentive Plan in connection with the Issuer's initial public offering. The options vested in equal annual installments on each of the first five anniversaries of the grant date, and are fully vested.
[F3]Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.81, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the aforementioned range.

Signature

By: /s/ Susan Shelton, as attorney-in-fact for Nick Scarpino|2022-11-14

Documents

1 file