Michael Skipworth - Oct 31, 2022 Form 4 Insider Report for Wingstop Inc. (WING)

Role: President and CEO, Director
Signature: /s/ Albert G. McGrath by Power of Attorney
Stock symbol: WING
Transactions as of: Oct 31, 2022
Transactions value $: -$149,385
Form type: 4
Date filed: 11/2/2022, 05:11 PM
Previous filing: May 10, 2022
Next filing: Feb 23, 2023

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	$298K	+3.98K	+25.7%	$74.77	19.5K	Oct 31, 2022	Direct
transaction	WING	Common Stock, par value $0.01 per share	Options Exercise	$162K	+1.29K	+6.63%	$125.11	20.8K	Oct 31, 2022	Direct
transaction	WING	Common Stock, par value $0.01 per share	Sale	-$608K	-3.83K	-18.31%	$158.98	17.1K	Oct 31, 2022	Direct	F1, F2, F3

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	Employee Stock Option (right to buy)	Options Exercise	$0	-3.98K	-66.66%	$0.00	1.99K	Oct 31, 2022	Common Stock, par value $0.01 per share	3.98K	$74.77	Direct	F4, F5
transaction	WING	Employee Stock Option (right to buy)	Options Exercise	$0	-1.29K	-33.33%	$0.00	2.58K	Oct 31, 2022	Common Stock, par value $0.01 per share	1.29K	$125.11	Direct	F6, F7

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

Explanation of Responses:

Id	Content
F1	Represents shares sold in the open market, the proceeds of which were used to pay the exercise price and tax withholding obligations incurred upon the exercise of the option. The net shares continue to be held.
F2	The shares were sold in multiple transactions at prices ranging from $158.6800 to $159.5500. The price reported above reflects the weighted-average price. The reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F3	Includes 144 shares of common stock acquired under the Issuer's Employee Stock Purchase Plan in June 2022.
F4	The exercise price of this stock option was originally $83.77 per share but has been reduced to $74.77 to reflect the impact of special dividends paid to our stockholders.
F5	On March 4, 2020, the reporting person was granted an option to purchase 5,969 shares of common stock pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan. The option vests and becomes exercisable in three equal annual installments beginning on the first anniversary of the date of grant.
F6	The exercise price of this stock option was originally $129.11 per share but has been reduced to $125.11 to reflect the impact of special dividends paid to our stockholders.
F7	On March 3, 2021, the reporting person was granted an option to purchase 3,873 shares of common stock pursuant to the Wingstop Inc. 2015 Omnibus Incentive Compensation Plan. The option vests and becomes exercisable in three equal annual installments beginning on the first anniversary of the date of grant.