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STOCK TITAN

[Form 4] Portillo's Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Jill Francine Waite, Chief People Officer of Portillo's Inc. (PTLO), reported transactions in the issuer's Class A common stock dated 08/31/2025. The filing shows 305 shares acquired under the Portillo's 2022 Employee Stock Purchase Plan at a purchase price equal to $6.37 per share (90% of the closing price on August 29, 2025). The filing also reports 8 shares deducted to satisfy tax withholding on a vesting award. Following the reported transactions, beneficial ownership is shown as 54,944 shares on the acquisition line and 54,936 shares on the withholding line. The Form 4 was submitted by Kelly M. Kaiser as attorney-in-fact for Ms. Waite and is dated 09/03/2025.

Jill Francine Waite, Chief People Officer di Portillo's Inc. (PTLO), ha dichiarato operazioni sul capitale sociale di Classe A dell'emittente in data 31/08/2025. La comunicazione indica l'acquisto di 305 azioni nell'ambito del Portillo's 2022 Employee Stock Purchase Plan a un prezzo di acquisto di $6,37 per azione (90% del prezzo di chiusura del 29 agosto 2025). Il documento segnala inoltre la detrazione di 8 azioni per soddisfare le ritenute fiscali su una sovvenzione in vesting. Dopo le operazioni riportate, la titolarità effettiva risulta essere di 54.944 azioni nella riga di acquisizione e di 54.936 azioni nella riga di ritenuta. Il Modulo 4 è stato presentato da Kelly M. Kaiser in qualità di procuratrice per la Sig.ra Waite ed è datato 03/09/2025.

Jill Francine Waite, Chief People Officer de Portillo's Inc. (PTLO), reportó transacciones en las acciones clase A del emisor con fecha 31/08/2025. La presentación muestra la adquisición de 305 acciones bajo el Portillo's 2022 Employee Stock Purchase Plan a un precio de compra de $6.37 por acción (90% del precio de cierre del 29 de agosto de 2025). El documento también informa la deducción de 8 acciones para cubrir retenciones fiscales sobre una adjudicación en vesting. Tras las transacciones notificadas, la propiedad beneficiaria figura como 54.944 acciones en la línea de adquisición y 54.936 acciones en la línea de retención. El Formulario 4 fue presentado por Kelly M. Kaiser como apoderada de la Sra. Waite y está fechado el 03/09/2025.

Jill Francine WaiteëŠ� Portillo's Inc.(PTLO)ì� 최고ì¸ì‚¬ì±…ìž„ìž�(Chief People Officer)로서 2025-08-31ìž� 발행회사 í´ëž˜ìŠ� A 보통ì£� 거래ë¥� 신고했습니다. 제출서류ì—� 따르ë©� Portillo's 2022 ì§ì› 주ì‹ë§¤ìˆ˜ê³„íšì� 통해 주당 $6.37(2025ë…� 8ì›� 29ì� 종가ì� 90%)ì—� 305주를 ì·¨ë“했으ë©�, ë² ìŠ¤íŒ…ëœ ìˆ˜ì—¬ë¶„ì˜ ì„¸ê¸ˆ ì›ì²œì§•수ë¥� 충당하기 위해 8주가 공제ë˜ì—ˆìŠµë‹ˆë‹�. ë³´ê³ ë� 거래 ì´í›„ 실질ì � 보유ëŠ� ì·¨ë“ í•­ëª©ì—� 54,944ì£�, ì›ì²œì§•수 항목ì—� 54,936주로 기재ë˜ì–´ 있습니다. Form 4ëŠ� Kelly M. Kaiserê°€ Waite ì”¨ì˜ ë²•ì •ëŒ€ë¦¬ì¸(attorney-in-fact)으로 제출했으ë©�, 서류 ë‚ ì§œëŠ� 2025-09-03입니ë‹�.

Jill Francine Waite, Chief People Officer de Portillo's Inc. (PTLO), a déclaré des opérations sur les actions ordinaires de catégorie A de l'émetteur datées du 31/08/2025. Le dossier indique l'acquisition de 305 actions dans le cadre du Portillo's 2022 Employee Stock Purchase Plan au prix d'achat de 6,37 $ par action (90 % du cours de clôture du 29 août 2025). Le dépôt signale également la déduction de 8 actions pour satisfaire les retenues fiscales sur une attribution en vesting. À la suite des opérations déclarées, la détention bénéficiaire est de 54 944 actions sur la ligne d'acquisition et de 54 936 actions sur la ligne de retenue. Le formulaire 4 a été soumis par Kelly M. Kaiser en tant que mandataire (attorney-in-fact) de Mme Waite et est daté du 03/09/2025.

Jill Francine Waite, Chief People Officer von Portillo's Inc. (PTLO), meldete Transaktionen mit den Class-A-Stammaktien des Emittenten datiert 31.08.2025. Die Meldung weist den Erwerb von 305 Aktien im Rahmen des Portillo's 2022 Employee Stock Purchase Plan zu einem Kaufpreis von $6,37 je Aktie (90 % des Schlusskurses vom 29. August 2025) aus. Außerdem werden 8 Aktien abgezogen, um die Steuerabzüge für eine vestende Zuteilung zu erfüllen. Nach den gemeldeten Transaktionen beträgt das wirtschaftliche Eigentum 54.944 Aktien in der Erwerbslinie und 54.936 Aktien in der Abzugszeile. Das Formular 4 wurde von Kelly M. Kaiser als Bevollmächtigte (attorney-in-fact) für Frau Waite eingereicht und ist datiert 03.09.2025.

Positive
  • None.
Negative
  • None.

Insights

TL;DR Routine insider purchase under the company ESPP with tax withholding reported; filing fulfills Section 16 disclosure requirements.

This Form 4 documents a standard Employee Stock Purchase Plan purchase by an officer, including the mandatory reporting of shares withheld for taxes. The transaction code and explanations align with ESPP purchases and withholding practices. From a compliance perspective, the filing appears complete: it identifies the reporting person, relationship to the issuer, transaction dates, quantities, price, and the attorney-in-fact signature. There are no unexplained omissions or atypical transaction codes in the disclosed data.

TL;DR Officer participation in ESPP at a 10% discount; small net change in beneficial ownership after withholding.

The Form 4 shows participation in the Portillo's 2022 ESPP for the June 1–August 31, 2025 purchase period with shares bought at a 10% discount to the referenced closing price. The filing separately reports shares withheld to satisfy tax obligations on a vesting award, which is typical for equity compensation administration. Reported post-transaction share totals are explicitly stated, allowing clear tracking of the officer's holdings before and after these routine equity events.

Jill Francine Waite, Chief People Officer di Portillo's Inc. (PTLO), ha dichiarato operazioni sul capitale sociale di Classe A dell'emittente in data 31/08/2025. La comunicazione indica l'acquisto di 305 azioni nell'ambito del Portillo's 2022 Employee Stock Purchase Plan a un prezzo di acquisto di $6,37 per azione (90% del prezzo di chiusura del 29 agosto 2025). Il documento segnala inoltre la detrazione di 8 azioni per soddisfare le ritenute fiscali su una sovvenzione in vesting. Dopo le operazioni riportate, la titolarità effettiva risulta essere di 54.944 azioni nella riga di acquisizione e di 54.936 azioni nella riga di ritenuta. Il Modulo 4 è stato presentato da Kelly M. Kaiser in qualità di procuratrice per la Sig.ra Waite ed è datato 03/09/2025.

Jill Francine Waite, Chief People Officer de Portillo's Inc. (PTLO), reportó transacciones en las acciones clase A del emisor con fecha 31/08/2025. La presentación muestra la adquisición de 305 acciones bajo el Portillo's 2022 Employee Stock Purchase Plan a un precio de compra de $6.37 por acción (90% del precio de cierre del 29 de agosto de 2025). El documento también informa la deducción de 8 acciones para cubrir retenciones fiscales sobre una adjudicación en vesting. Tras las transacciones notificadas, la propiedad beneficiaria figura como 54.944 acciones en la línea de adquisición y 54.936 acciones en la línea de retención. El Formulario 4 fue presentado por Kelly M. Kaiser como apoderada de la Sra. Waite y está fechado el 03/09/2025.

Jill Francine WaiteëŠ� Portillo's Inc.(PTLO)ì� 최고ì¸ì‚¬ì±…ìž„ìž�(Chief People Officer)로서 2025-08-31ìž� 발행회사 í´ëž˜ìŠ� A 보통ì£� 거래ë¥� 신고했습니다. 제출서류ì—� 따르ë©� Portillo's 2022 ì§ì› 주ì‹ë§¤ìˆ˜ê³„íšì� 통해 주당 $6.37(2025ë…� 8ì›� 29ì� 종가ì� 90%)ì—� 305주를 ì·¨ë“했으ë©�, ë² ìŠ¤íŒ…ëœ ìˆ˜ì—¬ë¶„ì˜ ì„¸ê¸ˆ ì›ì²œì§•수ë¥� 충당하기 위해 8주가 공제ë˜ì—ˆìŠµë‹ˆë‹�. ë³´ê³ ë� 거래 ì´í›„ 실질ì � 보유ëŠ� ì·¨ë“ í•­ëª©ì—� 54,944ì£�, ì›ì²œì§•수 항목ì—� 54,936주로 기재ë˜ì–´ 있습니다. Form 4ëŠ� Kelly M. Kaiserê°€ Waite ì”¨ì˜ ë²•ì •ëŒ€ë¦¬ì¸(attorney-in-fact)으로 제출했으ë©�, 서류 ë‚ ì§œëŠ� 2025-09-03입니ë‹�.

Jill Francine Waite, Chief People Officer de Portillo's Inc. (PTLO), a déclaré des opérations sur les actions ordinaires de catégorie A de l'émetteur datées du 31/08/2025. Le dossier indique l'acquisition de 305 actions dans le cadre du Portillo's 2022 Employee Stock Purchase Plan au prix d'achat de 6,37 $ par action (90 % du cours de clôture du 29 août 2025). Le dépôt signale également la déduction de 8 actions pour satisfaire les retenues fiscales sur une attribution en vesting. À la suite des opérations déclarées, la détention bénéficiaire est de 54 944 actions sur la ligne d'acquisition et de 54 936 actions sur la ligne de retenue. Le formulaire 4 a été soumis par Kelly M. Kaiser en tant que mandataire (attorney-in-fact) de Mme Waite et est daté du 03/09/2025.

Jill Francine Waite, Chief People Officer von Portillo's Inc. (PTLO), meldete Transaktionen mit den Class-A-Stammaktien des Emittenten datiert 31.08.2025. Die Meldung weist den Erwerb von 305 Aktien im Rahmen des Portillo's 2022 Employee Stock Purchase Plan zu einem Kaufpreis von $6,37 je Aktie (90 % des Schlusskurses vom 29. August 2025) aus. Außerdem werden 8 Aktien abgezogen, um die Steuerabzüge für eine vestende Zuteilung zu erfüllen. Nach den gemeldeten Transaktionen beträgt das wirtschaftliche Eigentum 54.944 Aktien in der Erwerbslinie und 54.936 Aktien in der Abzugszeile. Das Formular 4 wurde von Kelly M. Kaiser als Bevollmächtigte (attorney-in-fact) für Frau Waite eingereicht und ist datiert 03.09.2025.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Waite Jill Francine

(Last) (First) (Middle)
C/O PORTILLO'S INC.
2001 SPRING ROAD, SUITE 400

(Street)
OAK BROOK IL 60523

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Portillo's Inc. [ PTLO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief People Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/31/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A common stock 08/31/2025 A 305(1) A $6.37 54,944 D
Class A common stock 08/31/2025 F 8(2) D $6.37 54,936 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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 June 1, 2025 to August 31, 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 August 29, 2025.
2. Represents shares deducted to satisfy tax withholding obligations on the vesting of the award reported herein.
Remarks:
By: /s/Kelly M. Kaiser, as attorney-in-fact for Jill Waite 09/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider traded PTLO shares on 08/31/2025?

The insider was Jill Francine Waite, Chief People Officer of Portillo's Inc.

How many PTLO shares were purchased under the ESPP and at what price?

The filing reports 305 shares purchased under the 2022 ESPP at $6.37 per share.

Why were 8 PTLO shares reported as deducted?

The filing states 8 shares were deducted to satisfy tax withholding obligations on the vesting of an award.

What are the reported beneficial ownership totals after the transactions?

The Form 4 shows post-transaction beneficial ownership of 54,944 shares on the acquisition line and 54,936 shares on the withholding line.

Who signed the Form 4 and when was it dated?

The form was signed by /s/ Kelly M. Kaiser as attorney-in-fact for Jill Waite and is dated 09/03/2025.
Portillo'S Inc.

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United States
OAK BROOK