Laurance Roberts - May 19, 2023 Form 4 Insider Report for El Pollo Loco Holdings, Inc. (LOCO)

Role
CEO & PRESIDENT, Director
Signature
/s/ Anne Jollay, Attorney-in-Fact
Stock symbol
LOCO
Transactions as of
May 19, 2023
Transactions value $
-$316,800
Form type
4
Date filed
5/22/2023, 06:30 PM
Previous filing
May 11, 2023
Next filing
Jun 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOCO Common Stock Options Exercise $60.2K +13.9K +7.23% $4.34 206K May 19, 2023 Direct F1
transaction LOCO Common Stock Options Exercise $200K +46.1K +22.44% $4.34 252K May 19, 2023 Direct F1
transaction LOCO Common Stock Sale -$577K -60K -23.83% $9.62 192K May 19, 2023 Direct F2

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 LOCO Stock Options (right to buy) Options Exercise $0 -13.9K -11.56% $0.00 106K May 19, 2023 Common Stock 13.9K $4.34 Direct F1
transaction LOCO Stock Options (right to buy) Options Exercise $0 -46.1K -43.49% $0.00 60K May 19, 2023 Common Stock 46.1K $4.34 Direct F1
* 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 transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 7, 2022.
F2 Reflects a weighted-average price. These shares were sold in multiple transactions at prices ranging from $9.53 to $9.90 per share, inclusive. The Reporting Person undertakes to furnish to the Issuer, any requesting shareholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, complete information regarding the number of shares sold at each separate price within the range set forth in this footnote.