Stacy Peterson - 17 Nov 2022 Form 4 Insider Report for Wingstop Inc. (WING)

Role: EVP, Chief Revenue & Tech Ofc
Signature: /s/ Albert G. McGrath by Power of Attorney
Issuer symbol: WING
Transactions as of: 17 Nov 2022
Net transactions value: -$643,926
Form type: 4
Filing time: 18 Nov 2022, 16:38:25 UTC
Previous filing: 09 Sep 2022
SEC: View on sec.gov

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	$253,639	+2,159	+41%	$117.48	7,373	17 Nov 2022	Direct
transaction	WING	Common Stock, par value $0.01 per share	Options Exercise	$132,366	+1,058	+14%	$125.11	8,431	17 Nov 2022	Direct
transaction	WING	Common Stock, par value $0.01 per share	Sale	$194,061	-1,216	-14%	$159.59	7,215	17 Nov 2022	Direct	F1, F2
transaction	WING	Common Stock, par value $0.01 per share	Sale	$242,794	-1,515	-21%	$160.26	5,700	17 Nov 2022	Direct	F1, F3
transaction	WING	Common Stock, par value $0.01 per share	Sale	$173,746	-1,088	-19%	$159.69	4,612	17 Nov 2022	Direct	F4
transaction	WING	Common Stock, par value $0.01 per share	Sale	$403,496	-2,510	-54%	$160.76	2,102	17 Nov 2022	Direct	F5
transaction	WING	Common Stock, par value $0.01 per share	Sale	$15,834	-98	-4.7%	$161.57	2,004	17 Nov 2022	Direct

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	-2,159	-67%	$0.000000	1,083	17 Nov 2022	Common Stock, par value $0.01 per share	2,159	$117.48	Direct	F6, F7
transaction	WING	Employee Stock Option (right to buy)	Options Exercise	$0	-1,058	-33%	$0.000000	2,118	17 Nov 2022	Common Stock, par value $0.01 per share	1,058	$125.11	Direct	F8, F9

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

Explanation of Responses:

Id	Content
F1	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 options.
F2	The shares were sold in multiple transactions at prices ranging from $159.0000 to $159.8250. 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.
F3	The shares were sold in multiple transactions at prices ranging from $160.0000 to $160.8000. 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 $159.2500 to $160.2400. 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 shares were sold in multiple transactions at prices ranging from $160.2600 to $161.1600. 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.
F6	The exercise price of this stock option was originally $126.48 but has been reduced to $117.48 to reflect the impact of special dividends paid to our stockholders.
F7	On May 11, 2020, the reporting person was granted an option to purchase 3,242 shares of common stock pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan. The option vests and becomes exercisable in three equal annual installments beginning on the first anniversary of the date of grant.
F8	The exercise price of this stock option was originally $129.11 but has been reduced to $125.11 to reflect the impact of special dividends paid to our stockholders.
F9	On March 3, 2021, the reporting person was granted an option to purchase 3,176 shares of common stock pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan. The option vests and becomes exercisable in three equal annual installments beginning on the first anniversary of the date of grant.