Lisa Bossard Funk - 24 Aug 2021 Form 4 Insider Report for Mister Car Wash, Inc. (MCW)

Role
General Counsel
Signature
/s/ Lisa Funk
Issuer symbol
MCW
Transactions as of
24 Aug 2021
Net transactions value
-$388,415
Form type
4
Filing time
26 Aug 2021, 20:39:14 UTC
Previous filing
25 Jun 2021
Next filing
05 Jan 2022
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 $9,424 +20,486 $0.4600* 20,486 24 Aug 2021 Direct
transaction MCW Common Stock Tax liability $9,438 -486 -2.4% $19.42 20,000 24 Aug 2021 Direct
transaction MCW Common Stock Sale $388,400 -20,000 -100% $19.42 0 24 Aug 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) Other $0 -62,500 -50% $0.000000 62,500 25 Jun 2021 Common Stock 62,500 $15.00 Direct F1, F2
transaction MCW Stock Option (Right to Buy) Options Exercise $0 -20,486 -14% $0.000000 128,122 24 Aug 2021 Common Stock 20,486 $0.4600 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Amount reported is to correct an overstatement of the number of options outstanding on the Form 3 filed on June 25, 2021. The amount should have been reported as 62,500 options outstanding, rathan than 187,500 options outstanding.
F2 The option will vest and become exersicable in 5 equal annual installments beginning on June 25, 2022.
F3 The option is fully vested and exercisable.