Mahesh Sadarangani - Jul 30, 2021 Form 4 Insider Report for Wingstop Inc. (WING)

Role: EVP, Chief Operating Officer
Signature: /s/ Albert G. McGrath, as attorney-in-fact
Stock symbol: WING
Transactions as of: Jul 30, 2021
Transactions value $: -$181,904
Form type: 4
Date filed: 8/3/2021, 06:24 PM
Next filing: Aug 31, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WING	Common Stock, par value $0.01 per share	Options Exercise	$124K	+1.58K	+150%	$78.77	2.63K	Jul 30, 2021	Direct	F1
transaction	WING	Common Stock, par value $0.01 per share	Sale	-$160K	-927	-35.31%	$172.95	1.7K	Jul 30, 2021	Direct	F2, F3
transaction	WING	Common Stock, par value $0.01 per share	Sale	-$146K	-849	-50%	$171.54	849	Aug 2, 2021	Direct	F4

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	WING	Employee Stock Option (right to buy)	Options Exercise	$0	-1.58K	-33.33%	$0.00	3.15K	Jul 30, 2021	Common Stock, par value $0.01 per share	1.58K	$78.77	Direct	F5, F6

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

Explanation of Responses:

Id	Content
F1	Includes 159 shares of common stock acquired under the Issuer's Employee Stock Purchase Plan on June 25, 2021.
F2	Represents shares sold in the open market, the proceeds of which were used to pay the exercise price and tax withholding obligations incurred upon the exercise of the option.
F3	The shares were sold in multiple transactions at prices ranging from $172.88 to $173.56. The price reported above reflects the weighted-average price. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F4	The shares were sold in multiple transactions at prices ranging from $171.46 to $171.545. The price reported above reflects the weighted-average price. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F5	The exercise price of this stock option was originally $83.77 per share but was reduced to $78.77 to reflect the impact of a special dividend paid to the Issuer's stockholders in December 2020.
F6	On March 4, 2020, the reporting person was granted an option to purchase 4,726 shares of common stock. The option vests in three equal annual installments beginning on the first anniversary of the date of grant.