Marisa Carona - Mar 7, 2024 Form 4 Insider Report for Wingstop Inc. (WING)

Role: SVP & Chief US Franchise Ops
Signature: /s/ Albert G. McGrath by Power of Attorney
Stock symbol: WING
Transactions as of: Mar 7, 2024
Transactions value $: -$961,882
Form type: 4
Date filed: 3/8/2024, 06:19 PM
Previous filing: Mar 4, 2024
Next filing: Mar 11, 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	$51.1K	+684	+29.17%	$74.77	3.03K	Mar 8, 2024	Direct
transaction	WING	Common Stock, par value $0.01 per share	Options Exercise	$60.6K	+484	+15.98%	$125.11	3.51K	Mar 8, 2024	Direct
transaction	WING	Common Stock, par value $0.01 per share	Options Exercise	$101K	+719	+20.47%	$140.94	4.23K	Mar 8, 2024	Direct
transaction	WING	Common Stock, par value $0.01 per share	Sale	-$702K	-1.89K	-44.59%	$372.28	2.35K	Mar 8, 2024	Direct
transaction	WING	Common Stock, par value $0.01 per share	Sale	-$259K	-699	-29.81%	$371.09	1.65K	Mar 8, 2024	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	Restricted Stock Units	Award	$0	+1.1K		$0.00	1.1K	Mar 7, 2024	Common Stock, par value $0.01 per share	1.1K		Direct	F1, F2
transaction	WING	Employee Stock Option (right to buy)	Options Exercise	-$51.1K	-684	-100%	$74.77	0	Mar 8, 2024	Common Stock, par value $0.01 per share	684	$74.77	Direct	F3, F4
transaction	WING	Employee Stock Option (right to buy)	Options Exercise	-$60.6K	-484	-49.95%	$125.11	485	Mar 8, 2024	Common Stock, par value $0.01 per share	484	$125.11	Direct	F5, F6
transaction	WING	Employee Stock Option (right to buy)	Options Exercise	-$101K	-719	-33.33%	$140.94	1.44K	Mar 8, 2024	Common Stock, par value $0.01 per share	719	$140.94	Direct	F7, F8

* 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	The RSUs were granted on March 7, 2024 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.
F3	The exercise price of this stock option was originally $83.77 per share but was reduced to $78.77 to reflect the impact of special dividends paid to our stockholders.
F4	On March 4, 2020, the Reporting Person was granted an option to purchase 2,052 shares of common stock pursuant to the Plan. The option vested and became exercisable in three equal annual installments beginning on the first anniversary of the date of grant.
F5	The exercise price of this stock option was originally $129.11 per share but was reduced to $125.11 per share to reflect the impact of special dividends paid to our stockholders.
F6	On March 3, 2021, the Reporting Person was granted an option to purchase 1,453 shares of common stock pursuant to the Plan. The option vested and became exercisable in three equal annual installments beginning on the first anniversary of the date of grant.
F7	The exercise price of this stock option was originally $144.94 per share but was reduced to $140.94 per share to reflect the impact of special dividends paid to our stockholders.
F8	On March 2, 2022, the Reporting Person was granted an option to purchase 2,157 shares of common stock pursuant to the Plan. The option vests and becomes exercisable in three equal annual installments beginning on the first anniversary of the date of grant.