John Lo-Minn Lai - 24 Jun 2021 Form 4 Insider Report for Mister Car Wash, Inc. (MCW)

Role: Chief Executive Officer, Director
Signature: /s/ Lisa Funk, as Attorney-in-Fact for John Lai
Issuer symbol: MCW
Transactions as of: 24 Jun 2021
Net transactions value: -$32,608,128
Form type: 4
Filing time: 01 Jul 2021, 19:23:22 UTC
Next filing: 29 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCW	Common Stock	Options Exercise	$1,500,792	+2,273,928	+83%	$0.6600^*	5,016,273	24 Jun 2021	Direct	F1
transaction	MCW	Common Stock	Tax liability	$1,500,780	-100,052	-2%	$15.00	4,916,221	24 Jun 2021	Direct
transaction	MCW	Common Stock	Sale	$32,608,140	-2,173,876	-44%	$15.00	2,742,345	29 Jun 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MCW	Stock Option (Right to Buy)	Options Exercise	$0	-2,273,928	-52%	$0.000000	2,081,208	24 Jun 2021	Common Stock	2,273,928	$0.6600	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares of common stock outstanding reported on the Form 3 filed on June 25, 2021 inadvertently excluded the option exercise on June 24, 2021.
F2	The option outstanding after the June 24, 2021 exercise was incorrect on the Form 3 filed on June 25, 2021.
F3	The option is fully vested and exercisable.