Jersey Mike's Subs Inc. (JMKE) reported that entities including Submarine Buyer LLC and Boardwalk Aggregators, which are ten percent owners, converted 571,237 Common Units of Jersey Mike's HoldCo, LLC into an equal number of Class A common shares on August 24, 2026 under a one-for-one exchange agreement whose rights do not expire. On August 25, 2026, these reporting persons indirectly sold 2,572,560 shares of Class A Common Stock at $21.85 per share in connection with the underwriters' exercise of their over-allotment option in a secondary public offering. In conjunction with the sale of Common Units, 571,237 shares of Class B Common Stock, which carry voting rights but no economic value, were automatically cancelled, leaving 53,270,810 Class B shares outstanding indirectly held by the reporting group.
Jersey Mike's Subs Inc. (JMKE) received a filing from entities affiliated with Blackstone Inc., including Blackstone Holdings II L.P., reporting indirect transactions in the company’s equity. On August 24, 2026, they converted 571,237 Common Units of Jersey Mike's HoldCo, LLC into an equal number of Class A Common Stock under an exchange agreement. On August 25, 2026, affiliated entities sold a total of 2,572,560 shares of Class A Common Stock at $21.85 per share in connection with the underwriters’ over-allotment option of the company’s initial public offering, while a corresponding 571,237 Class B Common Stock shares were automatically cancelled, leaving 53,270,810 Class B shares outstanding. The reporting persons generally disclaim beneficial ownership of securities held by the affiliated entities except to the extent of their pecuniary interest.
Entities affiliated with Submarine Buyer LLC, Boardwalk Aggregator funds and related Blackstone-managed vehicles reported a series of indirect transactions in Jersey Mike's Subs Inc. On July 31, 2026 they converted 6,593,919 Common Units of Jersey Mike's HoldCo, LLC into an equal number of Class A Common Stock shares, then sold 29,695,652 Class A shares at $21.85 per share, reflecting the $23.00 secondary public offering price less a $1.15 underwriting discount. An equivalent number of Class B Common Stock shares, which carry voting rights but no economic value, were automatically cancelled upon sale of the corresponding Common Units. Following the derivative conversion and related entity-level restructuring, the reporting entities show 53,842,047 Common Units and corresponding Class B shares remaining, all held indirectly with beneficial ownership disclaimed except to the extent of pecuniary interest.
Jersey Mike's Subs Inc. officer Betsy Mercado, Chief People Officer, reported open-market purchases of 800 shares of Class A Common Stock at $23.00 per share on July 31, 2026, held directly. On the same date, an additional 3,265 shares were purchased at $23.00 per share and are held indirectly through a significant other under a directed share program tied to the initial public offering, with beneficial ownership disclaimed except for any pecuniary interest. On July 30, 2026, Mercado also reported an indirect grant of 190,495.1 Incentive Units of Jersey Mike's HoldCo, LLC, which are profit-interest awards economically similar to stock appreciation rights, convertible into an equal number of HoldCo Common Units and ultimately exchangeable on a one-for-one basis into Class A Common Stock under a July 29, 2026 exchange agreement; these Incentive Units vest in five equal annual installments beginning September 29, 2026 and have no expiration date.
Jersey Mike's Subs Inc. director and chairman Nigel Travis reported several equity-related changes tied to the company’s initial public offering and related reclassification. On July 31, 2026, entities associated with his son and daughter purchased 650 and 434 shares, respectively, of Class A Common Stock at $23.00 per share through a directed share program. On July 30, 2026, a family trust associated with him acquired 50,300 Common Units and corresponding 50,300 shares of Class B Common Stock, plus 118 shares of Class A Common Stock, in connection with a HoldCo reclassification. The Common Units are exchangeable one-for-one into Class A shares under an exchange agreement with no expiration. He was also awarded 84,954.6 Incentive Units, which are profit-interest instruments convertible into Common Units and then into Class A shares; 20% are vested and the remaining 80% vest in four equal annual installments beginning January 16, 2027. Many of these holdings are indirect, including through a family trust and Jersey Mike's Management Aggregator LLC, and he disclaims beneficial ownership of the trust-held securities except to the extent of his pecuniary interest.
Jersey Mike's Subs Inc. executive James J. Whalen, Chief Accounting Officer, reported two equity acquisitions. On July 31, 2026, he purchased 2,500 shares of Class A Common Stock at $23.00 per share through a directed share program related to the company’s initial public offering, resulting in direct ownership of 2,500 shares. On July 30, 2026, he was granted 55,881.2 Incentive Units of Jersey Mike's HoldCo, LLC at a $27.86 per-unit participation threshold, held indirectly through Jersey Mike's Management Aggregator LLC; these Incentive Units are profit interests that can convert into Common Units and ultimately into Class A Common Stock and vest in five equal annual installments beginning April 6, 2027.
Jersey Mike's Subs Inc. officer Andrew G. Skehan, President, International and Global Development Officer, purchased 10,000 shares of Class A Common Stock on July 31, 2026 at $23.00 per share. The shares were acquired through a directed share program in connection with the company’s initial public offering, bringing his reported direct holdings to 10,000 shares.
Jersey Mike's Subs Inc. President and COO Stacy Peterson reported acquiring equity interests. Peterson purchased 15,000 shares of Class A Common Stock at $23.00 per share through a directed share program related to the initial public offering, resulting in ownership of 15,000 directly held shares. In a separate transaction, Peterson was awarded 272,135.8 Incentive Units of Jersey Mike's HoldCo, LLC, a profit-interest instrument with economic characteristics similar to stock appreciation rights, with a $23.35 per-unit participation threshold. These Incentive Units, held indirectly through Jersey Mike's Management Aggregator LLC, are convertible into Common Units that are exchangeable on a one-for-one basis for Class A Common Stock, have no expiration date, and vest in five equal annual installments beginning on September 2, 2026.
Jersey Mike's Subs Inc. Chief Financial Officer Michele Allen reported multiple equity acquisitions around the company’s initial public offering. On July 31, 2026, Allen purchased 13,000 shares of Class A Common Stock at $23.00 per share, including indirect purchases held for a son and daughter under a directed share program. On July 30, 2026, Allen also reflected interests tied to a pre-IPO reclassification, including 18,675 Common Units of Jersey Mike's HoldCo, LLC (exchangeable one-for-one into Class A Common Stock and paired with non-economic voting Class B shares) and a grant of 272,135.800 Incentive Units with a $25.70 participation threshold that vest in five equal annual installments beginning December 2, 2026.
Entities associated with Abu Dhabi Investment Authority, including Platinum International Investment Holding RSC Ltd and Platinum Falcon B 2018 RSC Ltd, reported an indirect sale of 4,411,064 shares of Jersey Mike's Subs Inc. Class A Common Stock at $21.85 per share, reflecting the secondary public offering price less an underwriting discount. Following the transaction, the reporting group is shown with 36,114,272 shares held indirectly, with each party disclaiming beneficial ownership beyond its pecuniary interest.