Director Joshua Lutzker sold 10,000,000 shares of PTLO for $122,300,000 in 4 separate transactions at $12.23/share on 2025-05-19
Joshua Adam Lutzker, a Director at Portillo's Inc., executed 4 separate sales totaling 10,000,000 shares for $122,300,000 at a blended average price of $12.23 on 2025-05-19. This represents a reduction of 90.5% versus his pre-transaction holdings of 11,045,630 shares. The filing contains a derivative-conversion transaction; Lutzker's derivative holdings in Table II are not yet reflected in our database, so his post-transaction equity position of 1,045,630 shares may not represent his total beneficial interest. The scale of this multi-tranche sale and the substantial dollar value warrant investor attention to changes in insider holdings and any related Form 4 detail regarding the derivative conversion context.