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

Role
SVP, Chief Operating Officer
Signature
/s/ Adam Noyes
Issuer symbol
PBPB
Transactions as of
30 Apr 2024
Net transactions value
-$247,371
Form type
4
Filing time
02 May 2024, 19:55:16 UTC
Previous filing
29 Apr 2024
Next filing
24 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBPB Common Stock Options Exercise $0 +75,630 +28% $0.000000 342,698 30 Apr 2024 Direct
transaction PBPB Common Stock Tax liability $247,371 -23,271 -6.8% $10.63 319,427 30 Apr 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 -37,815 -100% $0.000000* 0 30 Apr 2024 Common Stock 37,815 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.