Adam Noyes - Apr 30, 2024 Form 4 Insider Report for POTBELLY CORP (PBPB)

Role
SVP, Chief Operating Officer
Signature
/s/ Adam Noyes
Stock symbol
PBPB
Transactions as of
Apr 30, 2024
Transactions value $
-$247,371
Form type
4
Date filed
5/2/2024, 07:55 PM
Previous filing
Apr 29, 2024
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBPB Common Stock Options Exercise $0 +75.6K +28.32% $0.00 343K Apr 30, 2024 Direct
transaction PBPB Common Stock Tax liability -$247K -23.3K -6.79% $10.63 319K Apr 30, 2024 Direct 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 PBPB Performance Stock Units Options Exercise $0 -37.8K -100% $0.00* 0 Apr 30, 2024 Common Stock 37.8K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for payment of tax liability upon vesting of the performance stock units granted on April 26, 2021.
F2 Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock. The performance stock units vest based on performance versus certain metrics as described in the award agreement. The performance stock units vested at 200% of the target award amount and were settled in shares of the Issuer's common stock pursuant to the terms of the award agreement.