John Lai - Sep 11, 2023 Form 4 Insider Report for Mister Car Wash, Inc. (MCW)

Role
Chief Executive Officer, Director
Signature
/s/ Markus Hartmann, as Attorney-in-Fact for John Lai
Stock symbol
MCW
Transactions as of
Sep 11, 2023
Transactions value $
-$1,578,320
Form type
4
Date filed
9/11/2023, 08:36 PM
Previous filing
Aug 16, 2023
Next filing
Sep 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCW Common Stock Options Exercise $131K +198K +7.73% $0.66* 2.76M Sep 11, 2023 Direct
transaction MCW Common Stock Sale -$1.26M -198K -7.17% $6.38 2.56M Sep 11, 2023 Direct F1
transaction MCW Common Stock Options Exercise $51.3K +77.7K +8.1% $0.66* 1.04M Sep 11, 2023 by The JLKL 2020 Irrevocable Family Trust
transaction MCW Common Stock Sale -$496K -77.7K -7.49% $6.38 960K Sep 11, 2023 by The JLKL 2020 Irrevocable Family Trust F1

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 -198K -66.4% $0.00 100K Sep 11, 2023 Common Stock 198K $0.66 Direct F2
transaction MCW Stock Option (Right to Buy) Options Exercise $0 -77.7K -4.17% $0.00 1.79M Sep 11, 2023 Common Stock 77.7K $0.66 by The JLKL 2020 Irrevocable Family Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.26 to $6.43. The Reporting Person undertakes to provide 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 range set forth in this footnote.
F2 The option is fully vested and exercisable.

Remarks:

The option exercises reported in Table II and the corresponding common stock sales reported in Table I of this Form 4 were executed pursuant to a 10b5-1 trading plan adopted on March 13, 2023.