Form 4 for PTLO Portillo's Inc.
Accepted 2026-03-17 00:00:00 ET · period of report 2026-03-13 · accession 0001761825-26-000006 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2026-03-17 | 2026-03-13 | PTLO | Bordelon Ann G. | Dir | C - Cnv Deriv | $0.00 | +17.8K | 76.2K | +30% | $0 |
| D | 2026-03-17 | 2026-03-13 | PTLO | Bordelon Ann G. | Dir | C - Cnv Deriv | — | -17.8K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A common stock | 2026-03-13 | C | A | 17,789 | $0.00 | 76,216 | D | — | — | (F1) Represents shares of Class A common stock acquired in connection with the exchange by the Reporting Person of an equal number of LLC Units of PHD Group Holdings LLC in accordance with the terms of the Second Amended and Restated Limited Liability Company Agreement of PHD Group Holdings LLC, dated as of October 20, 2021 (the "LLC Agreement"). At the time of such exchange, an equal number of shares of Class B common stock of the Issuer held by the Reporting Person were cancelled, for no additional consideration, in accordance with the LLC Agreement. |
| 2 | Derivative | LLC Units of PHD Group Holdings LLC | 2026-03-13 | C | D | 17,789 | — | 0 | D | — · — to — | 17,789 Class A common stock | (F2) Pursuant to the LLC Agreement, LLC Units held by the Reporting Person are exchangeable for shares of Class A common stock on a one-for-one basis, subject to certain exceptions, conditions and adjustments. The LLC Units have no expiration date. |