Donnie Upshaw - Mar 2, 2024 Form 4 Insider Report for Wingstop Inc. (WING)

Role: SVP Corp Restaurants & CPO
Signature: /s/ Albert G. McGrath by Power of Attorney
Stock symbol: WING
Transactions as of: Mar 2, 2024
Transactions value $: -$65,198
Form type: 4
Date filed: 3/4/2024, 05:57 PM
Previous filing: Feb 22, 2024
Next filing: Mar 8, 2024

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	$0	+230	+8.91%	$0.00	2.81K	Mar 2, 2024	Direct	F1
transaction	WING	Common Stock, par value $0.01 per share	Tax liability	-$33.3K	-91	-3.24%	$366.28	2.72K	Mar 2, 2024	Direct	F2
transaction	WING	Common Stock, par value $0.01 per share	Options Exercise	$0	+220	+8.09%	$0.00	2.94K	Mar 3, 2024	Direct	F1
transaction	WING	Common Stock, par value $0.01 per share	Tax liability	-$31.9K	-87	-2.96%	$366.28	2.85K	Mar 3, 2024	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	WING	Restricted Stock Units	Options Exercise	$0	-230	-50%	$0.00	230	Mar 2, 2024	Common Stock, par value $0.01 per share	230		Direct	F1, F3
transaction	WING	Restricted Stock Units	Options Exercise	$0	-220	-100%	$0.00^*	0	Mar 3, 2024	Common Stock, par value $0.01 per share	220		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2	Represents the number of shares withheld for the payment of tax liabilities in connection with the vesting of service-based RSUs. The withholding of these shares occurred automatically upon the vesting of the RSUs, and as such, no investment decision was made by the Reporting Person in connection with this transaction.
F3	The RSUs were granted on March 2, 2022 pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan (the "Plan"). The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.
F4	The RSUs were granted on March 3, 2021 pursuant to the Plan. The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date.