John Lai - Jun 1, 2025 Form 4 Insider Report for Mister Car Wash, Inc. (MCW)

Role: Chief Executive Officer, Director
Signature: Michelle Krall, as Attorney-in-Fact for John Lai
Stock symbol: MCW
Transactions as of: Jun 1, 2025
Transactions value $: -$280,960
Form type: 4
Date filed: 6/3/2025, 07:51 PM
Previous filing: Mar 4, 2025
Next filing: Jun 27, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Lai John Lo-minn	Chief Executive Officer, Director	C/O MISTER CAR WASH, INC., 222 E. 5TH STREET, TUCSON	Michelle Krall, as Attorney-in-Fact for John Lai	2025-06-03	0001865267

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCW	Common Stock	Options Exercise	$0	+94.8K	+2.12%	$0.00	4.57M	Jun 1, 2025	Direct
transaction	MCW	Common Stock	Sale	-$281K	-42K	-0.92%	$6.69	4.53M	Jun 2, 2025	Direct	F1, F2
holding	MCW	Common Stock						2.5M	Jun 1, 2025	The JLKL 2020 Family 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	Restricted Stock Unit	Award	$0	+282K		$0.00	282K	Jun 1, 2025	Common Stock	282K		Direct	F3, F4, F5
transaction	MCW	Restricted Stock Units	Options Exercise	$0	-94.8K	-33.33%	$0.00	190K	Jun 1, 2025	Common Stock	94.8K		Direct	F3, F5, F6
transaction	MCW	Stock Option (Right to Buy)	Award	$0	+562K		$0.00	562K	Jun 2, 2025	Common Stock	562K	$7.08	Direct	F7

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

Explanation of Responses:

Id	Content
F1	The sales reported on this Form 4 represent shares automatically sold in a non-discretionary transaction to cover taxes and fees in connection with the vesting and settlement of restricted stock unit awards.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $6.63 to $6.69. 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.
F3	Each Restricted Stock Unit ("RSU") represents a contingent right to recieve one share of the Issuer's common stock upon vesting.
F4	Represents an award of Restricted Stock Units ("RSUs"), which will vest in three equal installments beginning on June 1, 2026, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting.
F5	The RSUs do not have an expiration date.
F6	Represents an award of RSUs which vest in three equal annual installments beginning on June 1, 2025, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date. The RSUs will be settled in shares of the Issuer's common stock upon vesting.
F7	The option vests and becomes exercisable in three equal annual installments beginning on June 1, 2026, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.