Jill Francine Waite - 30 Nov 2025 Form 4 Insider Report for Portillo's Inc. (PTLO)

Role: Chief People Officer
Signature: By: /s/Kelly M. Kaiser, as attorney-in-fact for Jill Waite
Issuer symbol: PTLO
Transactions as of: 30 Nov 2025
Net transactions value: +$2,195
Form type: 4
Filing time: 02 Dec 2025, 16:30:17 UTC
Previous filing: 03 Nov 2025
Next filing: 03 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Waite Jill Francine	Chief People Officer	C/O PORTILLO'S INC., 2001 SPRING ROAD, SUITE 400, OAK BROOK	By: /s/Kelly M. Kaiser, as attorney-in-fact for Jill Waite	02 Dec 2025	0001886715

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTLO	Class A common stock	Award	$2,261	+481	+0.51%	$4.70	94,699	30 Nov 2025	Direct	F1
transaction	PTLO	Class A common stock	Tax liability	$65.8	-14	-0.01%	$4.70	94,685	30 Nov 2025	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 September 1, 2025 to November 30, 2025. 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 November 28, 2025.
F2	Represents shares deducted to satisfy tax withholding obligations on the vesting of the award reported herein.