Form 4 for PTLO Portillo's Inc.
Accepted 2023-03-14 00:00:00 ET · period of report 2023-03-10 · accession 0001871509-23-000033 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-03-14 | 2023-03-10 | PTLO | Cook George Richard III | Senior VP, Technology | S - Sale+OE | $18.95 | -18.7K | 9,907 | -65% | -$353.7K |
| D | 2023-03-14 | 2023-03-10 | PTLO | Cook George Richard III | Senior VP, Technology | M - OptEx | $4.37 | +16.0K | 25.9K | +162% | +$69.9K |
| D | 2023-03-14 | 2023-03-10 | PTLO | Cook George Richard III | Senior VP, Technology | M - OptEx | $4.37 | -16.0K | 51.6K | -24% | -$69.9K |
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 | 2023-03-10 | S | D | 16,000 | $18.96 | 9,907 | D | — | — | (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. |
| 2 | Common | Class A common stock | 2023-03-10 | S | D | 2,662 | $18.92 | 9,907 | D | — | — | |
| 3 | Common | Class A common stock | 2023-03-10 | M | A | 16,000 | $4.37 | 25,907 | D | — | — | (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. |
| 4 | Derivative | Stock Option (right to buy) | 2023-03-10 | M | D | 16,000 | $4.37 | 51,598 | D | $4.37 · — to 2030-05-12 | 16,000 Class A common stock | (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. |