Derrick Pratt - Jan 4, 2024 Form 4 Insider Report for Portillo's Inc. (PTLO)

Signature
By: /s/ Michelle Hook, as attorney-in-fact for Derrick Pratt
Stock symbol
PTLO
Transactions as of
Jan 4, 2024
Transactions value $
-$27,295
Form type
4
Date filed
1/5/2024, 05:56 PM
Previous filing
Dec 4, 2023
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTLO Class A common stock Sale -$27.3K -1.83K -7.19% $14.94 23.6K Jan 4, 2024 Direct F1
* 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.