Michael Osanloo - 07 Dec 2023 Form 4 Insider Report for Portillo's Inc. (PTLO)

Signature
By: /s/ Susan Shelton, as attorney-in-fact for Michael Osanloo
Issuer symbol
PTLO
Transactions as of
07 Dec 2023
Net transactions value
-$24,912
Form type
4
Filing time
08 Dec 2023, 16:52:50 UTC
Previous filing
13 Nov 2023
Next filing
04 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTLO Class A common stock Sale $24,912 -1,558 -1.1% $15.99 143,116 07 Dec 2023 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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 7, 2023.