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STOCK TITAN

[Form 4] Wingstop Inc Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Wingstop Inc. (WING) President & CEO Michael Skipworth filed a Form 4 disclosing an open-market sale of 4,500 common shares on 08/01/2025, coded “S�. The weighted-average price was $370.34 (range: $369.8686-$370.4262), generating roughly $1.67 million in proceeds.

After the transaction, Skipworth directly owns 42,777 shares, including 87 shares purchased via the 06/26/2025 Employee Stock Purchase Plan. The sale equals about 9.5 % of his previous 47,277-share stake. Table II shows no derivative activity, indicating no option exercises or new derivative positions.

The Rule 10b5-1 checkbox is not marked, suggesting the trade was discretionary. While the disposal trims the CEO’s exposure, he retains a sizable holding that continues to align his interests with shareholders.

Michael Skipworth, Presidente e CEO di Wingstop Inc. (WING), ha presentato un Modulo 4 che comunica la vendita sul mercato aperto di 4.500 azioni ordinarie in data 01/08/2025, contrassegnata con il codice “S�. Il prezzo medio ponderato è stato di 370,34 $ (intervallo: 369,8686-370,4262 $), generando circa 1,67 milioni di $ di ricavi.

Dopo l’operazione, Skipworth detiene direttamente 42.777 azioni, comprese 87 azioni acquistate tramite il Piano di Acquisto Azionario per Dipendenti del 26/06/2025. La vendita rappresenta circa il 9,5% della sua precedente partecipazione di 47.277 azioni. La Tabella II non mostra attività su strumenti derivati, indicando che non ci sono stati esercizi di opzioni o nuove posizioni su derivati.

La casella relativa alla Regola 10b5-1 non è stata selezionata, suggerendo che la transazione è stata discrezionale. Sebbene la vendita riduca l’esposizione del CEO, egli mantiene una partecipazione significativa che continua ad allineare i suoi interessi con quelli degli azionisti.

Michael Skipworth, presidente y CEO de Wingstop Inc. (WING), presentó un Formulario 4 divulgando una venta en mercado abierto de 4,500 acciones comunes el 01/08/2025, codificada como “S�. El precio promedio ponderado fue de $370.34 (rango: $369.8686-$370.4262), generando aproximadamente $1.67 millones en ingresos.

Tras la transacción, Skipworth posee directamente 42,777 acciones, incluyendo 87 adquiridas mediante el Plan de Compra de Acciones para Empleados del 26/06/2025. La venta equivale a aproximadamente el 9.5% de su participación previa de 47,277 acciones. La Tabla II no muestra actividad en derivados, lo que indica que no hubo ejercicios de opciones ni nuevas posiciones en derivados.

La casilla de la Regla 10b5-1 no está marcada, lo que sugiere que la operación fue discrecional. Aunque la venta reduce la exposición del CEO, él mantiene una participación considerable que sigue alineando sus intereses con los de los accionistas.

Wingstop Inc.(WING)� 사장 � CEO� Michael Skipworth가 2025� 8� 1일에 4,500주의 보통주를 공개 시장에서 매도했음� 신고하는 Form 4� 제출했습니다. 거래� “S� 코드� 표시되었으며, 가� 평균 가격은 $370.34 (범위: $369.8686-$370.4262)� � $1.67백만� 수익� 창출했습니다.

거래 � Skipworth� 2025� 6� 26� 직원 주식 구매 계획� 통해 구매� 87주를 포함하여 직접 42,777주를 보유하고 있습니다. 이번 매도� 이전 보유 주식 47,277주의 � 9.5%� 해당합니�. � II에는 파생상품 활동� 없어 옵션 행사� 신규 파생상품 포지션이 없음� 나타냅니�.

Rule 10b5-1 체크박스가 표시되지 않아 거래가 임의� 이루어진 것으� 보입니다. 이번 매도� CEO� 보유 주식� 줄었지�, 여전� 상당� 지분을 유지하여 주주들과� 이해관계를 일치시키� 있습니다.

Michael Skipworth, président et PDG de Wingstop Inc. (WING), a déposé un formulaire 4 révélant une vente en marché ouvert de 4 500 actions ordinaires le 01/08/2025, codée « S ». Le prix moyen pondéré était de 370,34 $ (plage : 369,8686-370,4262 $), générant environ 1,67 million de $ de recettes.

Après la transaction, Skipworth détient directement 42 777 actions, dont 87 achetées via le Plan d’Achat d’Actions Employés du 26/06/2025. La vente représente environ 9,5 % de sa participation précédente de 47 277 actions. Le tableau II ne montre aucune activité sur dérivés, indiquant qu’aucun exercice d’option ni nouvelle position dérivée n’a eu lieu.

La case relative à la règle 10b5-1 n’est pas cochée, ce qui suggère que la transaction était discrétionnaire. Bien que cette cession réduise l’exposition du PDG, il conserve une participation importante qui continue d’aligner ses intérêts avec ceux des actionnaires.

Michael Skipworth, Präsident und CEO von Wingstop Inc. (WING), reichte ein Formular 4 ein, das den Verkauf von 4.500 Stammaktien am 01.08.2025 im offenen Markt offenlegt, codiert mit „S�. Der gewichtete Durchschnittspreis lag bei 370,34 $ (Spanne: 369,8686�370,4262 $) und erzielte Erlöse von etwa 1,67 Millionen $.

Nach der Transaktion besitzt Skipworth direkt 42.777 Aktien, darunter 87 Aktien, die über den Mitarbeiter-Aktienkaufplan vom 26.06.2025 erworben wurden. Der Verkauf entspricht etwa 9,5 % seines vorherigen Bestands von 47.277 Aktien. Tabelle II zeigt keine Derivateaktivitäten, was darauf hinweist, dass keine Optionen ausgeübt oder neue Derivatepositionen eingegangen wurden.

Das Kontrollkästchen für Regel 10b5-1 ist nicht markiert, was darauf hindeutet, dass der Handel diskretionär war. Obwohl der Verkauf die Beteiligung des CEO verringert, behält er eine beträchtliche Position, die seine Interessen weiterhin mit denen der Aktionäre in Einklang bringt.

Positive
  • CEO retains 42,777 shares, maintaining substantial insider alignment with shareholders.
  • No derivative transactions or complex instruments disclosed, simplifying ownership structure and reducing potential dilution risk.
Negative
  • Discretionary sale of 4,500 shares worth ~$1.67 M may raise questions about timing and executive confidence.
  • Approx. 9.5 % reduction in CEO’s stake, although still within normal diversification ranges.

Insights

TL;DR � Modest insider sale; neutral overall impact.

The 4,500-share sale represents under 10 % of Skipworth’s direct stake and less than one day of WING’s average volume, so market liquidity risk is minimal. Absence of a 10b5-1 plan means the timing was discretionary, but a remaining 42.8 k-share position (�$15.8 M at filing price) still provides strong alignment. With no derivative activity, the event appears routine portfolio diversification rather than a signal on fundamentals. I view the filing as informational, not thesis-altering.

TL;DR � Insider sale worth $1.67 M; governance stance unchanged.

Skipworth’s sale is transparent, executed in the open market and immediately reported. Ownership after the trade remains materially above typical CEO ownership guidelines. No red flags such as clustered executive selling or sales after negative news are evident. Governance risk remains low, though investors may monitor for additional sales that could cumulatively reduce alignment.

Michael Skipworth, Presidente e CEO di Wingstop Inc. (WING), ha presentato un Modulo 4 che comunica la vendita sul mercato aperto di 4.500 azioni ordinarie in data 01/08/2025, contrassegnata con il codice “S�. Il prezzo medio ponderato è stato di 370,34 $ (intervallo: 369,8686-370,4262 $), generando circa 1,67 milioni di $ di ricavi.

Dopo l’operazione, Skipworth detiene direttamente 42.777 azioni, comprese 87 azioni acquistate tramite il Piano di Acquisto Azionario per Dipendenti del 26/06/2025. La vendita rappresenta circa il 9,5% della sua precedente partecipazione di 47.277 azioni. La Tabella II non mostra attività su strumenti derivati, indicando che non ci sono stati esercizi di opzioni o nuove posizioni su derivati.

La casella relativa alla Regola 10b5-1 non è stata selezionata, suggerendo che la transazione è stata discrezionale. Sebbene la vendita riduca l’esposizione del CEO, egli mantiene una partecipazione significativa che continua ad allineare i suoi interessi con quelli degli azionisti.

Michael Skipworth, presidente y CEO de Wingstop Inc. (WING), presentó un Formulario 4 divulgando una venta en mercado abierto de 4,500 acciones comunes el 01/08/2025, codificada como “S�. El precio promedio ponderado fue de $370.34 (rango: $369.8686-$370.4262), generando aproximadamente $1.67 millones en ingresos.

Tras la transacción, Skipworth posee directamente 42,777 acciones, incluyendo 87 adquiridas mediante el Plan de Compra de Acciones para Empleados del 26/06/2025. La venta equivale a aproximadamente el 9.5% de su participación previa de 47,277 acciones. La Tabla II no muestra actividad en derivados, lo que indica que no hubo ejercicios de opciones ni nuevas posiciones en derivados.

La casilla de la Regla 10b5-1 no está marcada, lo que sugiere que la operación fue discrecional. Aunque la venta reduce la exposición del CEO, él mantiene una participación considerable que sigue alineando sus intereses con los de los accionistas.

Wingstop Inc.(WING)� 사장 � CEO� Michael Skipworth가 2025� 8� 1일에 4,500주의 보통주를 공개 시장에서 매도했음� 신고하는 Form 4� 제출했습니다. 거래� “S� 코드� 표시되었으며, 가� 평균 가격은 $370.34 (범위: $369.8686-$370.4262)� � $1.67백만� 수익� 창출했습니다.

거래 � Skipworth� 2025� 6� 26� 직원 주식 구매 계획� 통해 구매� 87주를 포함하여 직접 42,777주를 보유하고 있습니다. 이번 매도� 이전 보유 주식 47,277주의 � 9.5%� 해당합니�. � II에는 파생상품 활동� 없어 옵션 행사� 신규 파생상품 포지션이 없음� 나타냅니�.

Rule 10b5-1 체크박스가 표시되지 않아 거래가 임의� 이루어진 것으� 보입니다. 이번 매도� CEO� 보유 주식� 줄었지�, 여전� 상당� 지분을 유지하여 주주들과� 이해관계를 일치시키� 있습니다.

Michael Skipworth, président et PDG de Wingstop Inc. (WING), a déposé un formulaire 4 révélant une vente en marché ouvert de 4 500 actions ordinaires le 01/08/2025, codée « S ». Le prix moyen pondéré était de 370,34 $ (plage : 369,8686-370,4262 $), générant environ 1,67 million de $ de recettes.

Après la transaction, Skipworth détient directement 42 777 actions, dont 87 achetées via le Plan d’Achat d’Actions Employés du 26/06/2025. La vente représente environ 9,5 % de sa participation précédente de 47 277 actions. Le tableau II ne montre aucune activité sur dérivés, indiquant qu’aucun exercice d’option ni nouvelle position dérivée n’a eu lieu.

La case relative à la règle 10b5-1 n’est pas cochée, ce qui suggère que la transaction était discrétionnaire. Bien que cette cession réduise l’exposition du PDG, il conserve une participation importante qui continue d’aligner ses intérêts avec ceux des actionnaires.

Michael Skipworth, Präsident und CEO von Wingstop Inc. (WING), reichte ein Formular 4 ein, das den Verkauf von 4.500 Stammaktien am 01.08.2025 im offenen Markt offenlegt, codiert mit „S�. Der gewichtete Durchschnittspreis lag bei 370,34 $ (Spanne: 369,8686�370,4262 $) und erzielte Erlöse von etwa 1,67 Millionen $.

Nach der Transaktion besitzt Skipworth direkt 42.777 Aktien, darunter 87 Aktien, die über den Mitarbeiter-Aktienkaufplan vom 26.06.2025 erworben wurden. Der Verkauf entspricht etwa 9,5 % seines vorherigen Bestands von 47.277 Aktien. Tabelle II zeigt keine Derivateaktivitäten, was darauf hinweist, dass keine Optionen ausgeübt oder neue Derivatepositionen eingegangen wurden.

Das Kontrollkästchen für Regel 10b5-1 ist nicht markiert, was darauf hindeutet, dass der Handel diskretionär war. Obwohl der Verkauf die Beteiligung des CEO verringert, behält er eine beträchtliche Position, die seine Interessen weiterhin mit denen der Aktionäre in Einklang bringt.

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*
Skipworth Michael

(Last) (First) (Middle)
C/O WINGSTOP INC.
2801 N CENTRAL EXPRESSWAY, SUITE 1600

(Street)
DALLAS TX 75204

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Wingstop Inc. [ WING ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
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
Common Stock, par value $0.01 per share 08/01/2025 S 4,500 D $370.3366(1) 42,777(2) 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. The shares were sold in multiple transactions at prices ranging from $369.8686 to $370.4262. 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.
2. Includes 87 shares of common stock acquired under the Issuer's Employee Stock Purchase Plan on June 26, 2025.
Remarks:
/s/ Albert G. McGrath by Power of Attorney 08/01/2025
** 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

How many Wingstop (WING) shares did the CEO sell?

Michael Skipworth sold 4,500 common shares on 08/01/2025.

At what price were the WING shares sold?

The weighted-average sale price was $370.34, with trades between $369.8686 and $370.4262.

What is the CEO’s remaining ownership in Wingstop?

Skipworth now directly owns 42,777 shares following the reported sale.

Did the Form 4 cite a Rule 10b5-1 trading plan?

No. The Rule 10b5-1 checkbox was not marked, indicating the sale was not under a pre-arranged plan.

Were any derivative securities involved in this transaction?

No derivative securities were reported in Table II of the Form 4.

What percentage of the CEO’s stake was sold?

The 4,500 shares represent about 9.5 % of his pre-sale holding of 47,277 shares.
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