Joseph Matheny - Jan 16, 2024 Form 4 Insider Report for Mister Car Wash, Inc. (MCW)

Role
Chief Innovation Officer
Signature
/s/ Markus Hartmann, as Attorney-in-Fact for Joseph Matheny
Stock symbol
MCW
Transactions as of
Jan 16, 2024
Transactions value $
-$285,699
Form type
4
Date filed
1/18/2024, 05:46 PM
Previous filing
Dec 15, 2023
Next filing
Jan 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCW Common Stock Options Exercise $24.5K +37.2K +49.2% $0.66* 113K Jan 16, 2024 Direct
transaction MCW Common Stock Sale -$310K -37.2K -32.98% $8.35 75.5K Jan 16, 2024 Direct F1
holding MCW Common Stock 45K Jan 16, 2024 Emersyn Matheny Irrevocable Trust

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 -37.2K -16.67% $0.00 186K Jan 16, 2024 Common Stock 37.2K $0.66 Direct 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 $8.21 to $8.43. 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 September 14, 2023.