Form 4 for PTLO Portillo's Inc.
Accepted 2022-11-14 00:00:00 ET · period of report 2022-11-11 · accession 0001871509-22-000073 · 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 | 2022-11-14 | 2022-11-11 | PTLO | Scarpino Nicholas Anthony | SVP Marketing, Off-Premises | M - OptEx | $3.30 | +21.5K | 31.2K | +223% | +$71.0K |
| D | 2022-11-14 | 2022-11-11 | PTLO | Scarpino Nicholas Anthony | SVP Marketing, Off-Premises | S - Sale+OE | $25.38 | -21.5K | 9,655 | -69% | -$545.7K |
| D | 2022-11-14 | 2022-11-11 | PTLO | Scarpino Nicholas Anthony | SVP Marketing, Off-Premises | M - OptEx | $0.00 | -21.5K | 78.3K | -22% | $0 |
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 | 2022-11-11 | M | A | 21,500 | $3.30 | 31,155 | D | — | — | (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. |
| 2 | Common | Class A common stock | 2022-11-11 | S | D | 21,500 | $25.38 | 9,655 | D | — | — | (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. |
| 3 | Derivative | Stock Option (right to buy) | 2022-11-11 | M | D | 21,500 | $0.00 | 78,349 | D | $3.30 · — to 2025-01-05 | 21,500 Class A common stock | (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. |