Cook George Richard III 4
4 · Portillo's Inc. · Filed Mar 14, 2023
Insider Transaction Report
Form 4
Portillo's Inc.PTLO
Cook George Richard III
Senior VP, Technology
Transactions
- Sale
Class A common stock
2023-03-10$18.92/sh−2,662$50,365→ 9,907 total - Exercise/Conversion
Class A common stock
2023-03-10$4.37/sh+16,000$69,920→ 25,907 total - Sale
Class A common stock
2023-03-10$18.96/sh−16,000$303,360→ 9,907 total - Exercise/Conversion
Stock Option (right to buy)
2023-03-10$4.37/sh−16,000$69,920→ 51,598 totalExercise: $4.37Exp: 2030-05-12→ Class A common stock (16,000 underlying)
Footnotes (2)
- [F1]Represents options previously granted on 5/12/2020 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. The options vest and become exercisable in equal annual installments on each of the first five anniversaries of the grant date. Options expire on the tenth anniversary of the grant date.
- [F2]Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $18.89 to $19.05, 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.