Derrick Pratt - Nov 13, 2023 Form 4 Insider Report for Portillo's Inc. (PTLO)

Role: Chief Operating Officer
Signature: By: /s/ Susan Shelton, as attorney-in-fact for Derrick Pratt
Stock symbol: PTLO
Transactions as of: Nov 13, 2023
Transactions value $: -$434,491
Form type: 4
Date filed: 11/14/2023, 04:05 PM
Previous filing: Oct 24, 2023
Next filing: Dec 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTLO	Class A common stock	Sale	-$434K	-29.5K	-53.93%	$14.75	25.2K	Nov 13, 2023	Direct	F1, F2

* 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.
F2	Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $14.53 to $15.06, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the aforementioned range.

Content

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.

Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $14.53 to $15.06, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the aforementioned range.