Michael Osanloo - 29 Feb 2024 Form 4 Insider Report for Portillo's Inc. (PTLO)

Role: President & CEO, Director
Signature: By: /s/ Kelly M Kaiser, as attorney-in-fact for Michael Osanloo
Issuer symbol: PTLO
Transactions as of: 29 Feb 2024
Net transactions value: +$19,973
Form type: 4
Filing time: 04 Mar 2024, 18:30:51 UTC
Previous filing: 08 Dec 2023
Next filing: 06 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTLO	Class A common stock	Award	$20,771	+1,588	+1.1%	$13.08	144,704	29 Feb 2024	Direct	F1
transaction	PTLO	Class A common stock	Tax liability	$798	-61	-0.04%	$13.08	144,643	29 Feb 2024	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes shares of Class A Common Stock purchased pursuant to the Portillo's Inc. 2022 Employee Stock Purchase Plan ("ESPP"), for the purchase period of December 1, 2023 to February 29, 2024. In accordance with the ESPP, these shares were purchased at a price equal to 90% of the closing price of Issuer's Class A Common Stock on February 29, 2024.
F2	Represents shares deducted to satisfy tax withholding obligations on the vesting of the award reported herein.

Remarks:

Exhibit 24 - Power of Attorney (incorporated herein by reference).