Scarpino Nicholas Anthony 4
4 · Portillo's Inc. · Filed Aug 19, 2024
Insider Transaction Report
Form 4
Portillo's Inc.PTLO
Scarpino Nicholas Anthony
Chief Marketing Officer
Transactions
- Exercise/Conversion
Class A common stock
[F1]2024-08-15$5.45/sh+18,373$100,133→ 46,823 total - Sale
Class A common stock
2024-08-15$11.86/sh−18,373$217,904→ 28,450 total - Exercise/Conversion
Class A common stock
2024-08-15$3.30/sh+73,491$242,520→ 101,941 total - Sale
Class A common stock
[F2]2024-08-15$11.71/sh−73,491$860,580→ 28,450 total - Exercise/Conversion
Class A common stock
[F1]2024-08-15$3.30/sh+4,858$16,031→ 33,308 total - Sale
Class A common stock
2024-08-15$11.86/sh−4,858$57,616→ 28,450 total - Exercise/Conversion
Stock Option (right to buy)
[F1]2024-08-15−18,373→ 0 totalExercise: $5.45Exp: 2025-01-05→ Class A common stock (18,373 underlying) - Exercise/Conversion
Stock Option (right to buy)
[F1]2024-08-15−73,491→ 4,858 totalExercise: $3.30Exp: 2025-01-05→ Class A common stock (73,491 underlying) - Exercise/Conversion
Stock Option (right to buy)
[F1]2024-08-15−4,858→ 0 totalExercise: $3.30Exp: 2025-01-05→ Class A common stock (4,858 underlying)
Footnotes (2)
- [F1]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.
- [F2]Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $11.66 to $11.80, 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
/s/ Kelly M. Kaiser, as attorney-in-fact for Nick Scarpino|2024-08-19