Berkshire Partners LLC's Form 4 filing
Portillo's Inc. (PTLO) · filed May 21, 2025
- Accession no.
- 0000950170-25-076001
- Filed
- May 21, 2025, 9:05 PM ET
- Trade date
- May 19, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 7 non-derivative transactions and 3 derivative transactions. Open-market sales total $122.3M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Berkshire Partners LLCCIK 0001312988 | Director, 10% Owner |
| Berkshire Investors III LLCCIK 0001505184 | Director, 10% Owner |
| Berkshire Investors IV LLCCIK 0001505185 | Director, 10% Owner |
| Berkshire Fund VIII-A, L.P.CIK 0001514454 | Director, 10% Owner |
| Berkshire Fund VIII, L.P.CIK 0001514470 | Director, 10% Owner |
| Berkshire Partners Holdings LLCCIK 0001597786 | Director, 10% Owner |
| BPSP, L.P.CIK 0001597787 | Director, 10% Owner |
| Lutzker Joshua AdamCIK 0001886815 | Director |
| Eighth Berkshire Associates LLCCIK 0001888111 | Director, 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 19, 2025 | Class A Common Stock | CConversionAcquired | +6,521,015 | – | – | 6,521,015 | Indirect | |
| May 19, 2025 | Class A Common Stock | SSaleDisposed | −6,521,015 | $12.23 | −$79,752,013.45 | 0 | Indirect | |
| May 19, 2025 | Class A Common Stock | CConversionAcquired | +179,210 | – | – | 179,210 | Indirect | |
| May 19, 2025 | Class A Common Stock | SSaleDisposed | −179,210 | $12.23 | −$2,191,738.3 | 0 | Indirect | |
| May 19, 2025 | Class A Common Stock | CConversionAcquired | +590,240 | – | – | 590,240 | Indirect | |
| May 19, 2025 | Class A Common Stock | SSaleDisposed | −590,240 | $12.23 | −$7,218,635.2 | 0 | Indirect | |
| May 19, 2025 | Class A Common Stock | SSaleDisposed | −2,709,535 | $12.23 | −$33,137,613.05 | 1,045,630 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| May 19, 2025 | Class A Common Stock | CConversionDisposed | −6,521,015 | – | – | 2,516,498 | Indirect | |
| May 19, 2025 | Class A Common Stock | CConversionDisposed | −179,210 | – | – | 69,164 | Indirect | |
| May 19, 2025 | Class A Common Stock | CConversionDisposed | −590,240 | – | – | 227,775 | Indirect |
Footnotes
Livermore does not store Form 4 footnotes. For price ranges, how indirect holdings are held and trading plan details, read the original on SEC EDGAR.