Robert D. Wright - Jan 3, 2024 Form 4 Insider Report for POTBELLY CORP (PBPB)

Role
President and CEO, Director
Signature
/s/ Robert D. Wright
Stock symbol
PBPB
Transactions as of
Jan 3, 2024
Transactions value $
-$317,210
Form type
4
Date filed
1/9/2024, 04:03 PM
Previous filing
Jan 2, 2024
Next filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBPB Common Stock Award $0 +9.84K +1.45% $0.00 688K Jan 3, 2024 Direct F1
transaction PBPB Common Stock Tax liability -$44.6K -4.39K -0.64% $10.16 683K Jan 3, 2024 Direct F2
transaction PBPB Common Stock Options Exercise +19.7K +2.88% 703K Jan 8, 2024 Direct F3
transaction PBPB Common Stock Tax liability -$93.9K -7.75K -1.1% $12.12 695K Jan 8, 2024 Direct F4
transaction PBPB Common Stock Options Exercise +36.8K +5.29% 732K Jan 8, 2024 Direct F5
transaction PBPB Common Stock Tax liability -$179K -14.7K -2.01% $12.12 717K Jan 8, 2024 Direct F6

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 PBPB Price Performance Stock Units Award $0 +39.4K $0.00 39.4K Jan 3, 2024 Common Stock 39.4K Direct F7
transaction PBPB Price Performance Stock Units Options Exercise $0 -19.7K -50% $0.00 19.7K Jan 8, 2024 Common Stock 19.7K Direct F7
transaction PBPB Price Performance Stock Units Options Exercise $0 -36.8K -50% $0.00 36.8K Jan 8, 2024 Common Stock 36.8K Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. These restricted stock units vested immediately upon grant.
F2 Shares withheld for payment of tax liability upon vesting of the restricted stock units granted on January 3, 2024.
F3 On January 8, 2024, 19,685 of the Reporting Person's price performance stock units vested.
F4 Shares withheld for payment of tax liability upon vesting of the price performance stock units granted on January 3, 2024.
F5 On January 8, 2024, 36,764 of the Reporting Person's price performance stock units vested.
F6 Shares withheld for payment of tax liability upon vesting of the price performance stock units granted on January 6, 2023.
F7 Each price performance stock unit represents a contingent right to receive one share of the Issuer's common stock. The price performance stock units vest, if at all, in two installments upon the Issuer's common stock achieving two specified market price targets.
F8 Each price performance stock unit represents a contingent right to receive one share of the Issuer's common stock. The price performance stock units vest, if at all, in three installments upon the Issuer's common stock achieving three specified market price targets.