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

Role
General Counsel
Signature
/s/ Lisa Funk
Stock symbol
MCW
Transactions as of
Aug 24, 2021
Transactions value $
-$388,415
Form type
4
Date filed
8/26/2021, 08:39 PM
Previous filing
Jun 25, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCW Common Stock Options Exercise $9.42K +20.5K $0.46* 20.5K Aug 24, 2021 Direct
transaction MCW Common Stock Tax liability -$9.44K -486 -2.37% $19.42 20K Aug 24, 2021 Direct
transaction MCW Common Stock Sale -$388K -20K -100% $19.42 0 Aug 24, 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 -62.5K -50% $0.00 62.5K Jun 25, 2021 Common Stock 62.5K $15.00 Direct F1, F2
transaction MCW Stock Option (Right to Buy) Options Exercise $0 -20.5K -13.79% $0.00 128K Aug 24, 2021 Common Stock 20.5K $0.46 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.