Portillo's director buys 70,165 shares at $4.28
Portillo's Inc. director Eugene I. Lee Jr. reported an open-market purchase of 70,165 shares of Class A common stock at a weighted average price of $4.28 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Portillo's Inc. director Eugene I. Lee Jr. reported an open-market purchase of 70,165 shares of Class A common stock at a weighted average price of $4.28 per share. The purchase was made indirectly through a family trust, which now holds 486,415 shares. Lee also holds 73,479 shares directly.
Insider Trade Summary
Net Buyer: 70,165 shares
Net Buy
2 txns
Insider
LEE EUGENE I JR
Role
Director
Bought
70,165 shs ($300K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A common stock | 70,165 | $4.28 | $300K |
| holding | Class A common stock | -- | -- | -- |
Holdings After Transaction:
Class A common stock — 486,415 shares (Indirect, By Family Trust);
Class A common stock — 73,479 shares (Direct)
Footnotes (1)
- F1. The price per share reported in this column is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $4.23 to $4.32, inclusive. The reporting person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in the preceding sentence.
Key Figures
Shares purchased: 70,165 shares
Weighted average price: $4.28 per share
Indirect holdings after transaction: 486,415 shares
+1 more
4 metrics
Shares purchased
70,165 shares
Open-market buy of Class A common stock
Weighted average price
$4.28 per share
Price for 70,165-share purchase, range $4.23–$4.32
Indirect holdings after transaction
486,415 shares
Held by family trust associated with director
Direct holdings after transaction
73,479 shares
Direct ownership by Eugene I. Lee Jr.
Key Terms
Class A common stock, open-market purchase, weighted average price, indirect ownership, +1 more
5 terms
Class A common stock financial
"reported an open-market purchase of 70,165 shares of Class A common stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market purchase financial
"indirectly acquired 70,165 shares of Class A common stock in an open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"purchased at a weighted average price of $4.28 per share"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect ownership financial
"the family trust associated with him holds 486,415 shares, reflecting his indirect ownership"
Form 4 regulatory
"updated indirect ownership position disclosed in the Form 4 filing"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Portillo's (PTLO) report for Eugene I. Lee Jr.?
Portillo's reported that director Eugene I. Lee Jr. indirectly acquired 70,165 shares of Class A common stock. The shares were bought in an open-market transaction and are held by a family trust associated with him.
What are Eugene I. Lee Jr.’s direct holdings in Portillo's (PTLO) after the Form 4?
Following the reported activity, Eugene I. Lee Jr. directly owns 73,479 shares of Portillo's Class A common stock. This figure is separate from the 486,415 shares held indirectly through the family trust.
Was the Portillo's (PTLO) insider transaction an open-market purchase?
Yes. The Form 4 describes the 70,165-share acquisition as an open-market purchase of Portillo’s Class A common stock. The filing specifies transaction code P, which indicates a standard open-market or private purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates