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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1871509	Portillo's Inc.	PTLO	Retail-Eating Places (5812)	871104304

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1887459	Anthony Nicholas Scarpino	C/O Portillo'S Inc. 2001 Spring Road, Suite 400 Oak Brook IL 60523	Svp Marketing & Off-Premises	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2022-11-11	21,500	$3.30	31,155	No	4	M	Direct
Class A Common Stock	Disposition	2022-11-11	21,500	$25.38	9,655	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Stock Option (right to buy)	Disposition	2022-11-11	21,500	$0.00	21,500	$3.30

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
78,349		2025-01-05	No	4	M	Direct

Footnotes

The transactions reported on this Form 4 were all effected pursuant to 10b5-1 trading plan entered into on September 7, 2022.
Represents the exercise of options previously granted on 1/15/2015 pursuant to the Issuer's 2014 Equity Incentive Plan, which were substituted for options to purchase shares of Class A common stock under the Issuer's 2021 Equity Incentive Plan in connection with the Issuer's initial public offering. The options vested in equal annual installments on each of the first five anniversaries of the grant date, and are fully vested.
Represents the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.81, 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.