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BBB Foods (TBBB) director reports 3.37M share conversion and option exercises

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BBB Foods Inc director Sami Gabriel Khouri reported several equity transactions on August 7, 2026. All 3,369,648 Class C shares held indirectly through MNCF Ltd. automatically converted into the same number of Class A shares. He also exercised 189,996 stock options (at $2.37 and $3.67 per share) for Class A shares, with 14,101 Class A shares delivered or withheld for payment of exercise price or tax liability. Beneficial ownership of the indirectly held shares is disclaimed except to the extent of pecuniary interest.

Positive

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Negative

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Insider Khouri Sami Gabriel
Role Director
Type Security Shares Price Value
Conversion Class C Common Shares F1, F2 3,369,648 -- --
Exercise Stock Options (Right to Buy) F3, F4 94,998 $0.00 $0.00
Exercise Stock Options (Right to Buy) F3, F4 94,998 $0.00 $0.00
Conversion Class A Common Shares F1, F2 3,369,648 -- --
Exercise Class A Common Shares 94,998 $2.37 $225K
Exercise Class A Common Shares 94,998 $3.67 $349K
Exercise Price or Tax Liability Class A Common Shares 14,101 $40.67 $573K
Holdings After Transaction: Class C Common Shares — 0 shares (Indirect, By MNCF Ltd.); Stock Options (Right to Buy) — 0 shares (Direct); Class A Common Shares — 3,369,648 shares (Indirect, By MNCF Ltd.); Class A Common Shares — 195,895 shares (Direct)
Footnotes (4)
  1. F1. All of the Issuer's Class C Common Shares automatically converted into an equal number of Class A Common Shares on August 7, 2026.
  2. F2. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
  3. F3. These options are fully vested.
  4. F4. These options were originally exercisable for Class C Common Shares. On August 7, 2026 all of the Issuer's Class C Common Shares automatically converted into an equal number of Class A Common Shares, and all options exercisable for Class C Common Shares became exercisable for Class A Common Shares.
Class C to Class A conversion 3,369,648 shares Class C Common Shares automatically converted into an equal number of Class A Common Shares on August 7, 2026
Options exercised at $2.37 94,998 shares at $2.37 per share Stock options (right to buy) exercised into Class A Common Shares, expiration December 16, 2050
Options exercised at $3.67 94,998 shares at $3.67 per share Stock options (right to buy) exercised into Class A Common Shares, expiration December 16, 2050
Shares for exercise price or tax 14,101 shares at $40.67 per share Class A shares delivered or withheld for payment of exercise price or tax liability
Indirect Class A holdings via MNCF Ltd. 3,369,648 shares Class A Common Shares held indirectly, with beneficial ownership disclaimed except for pecuniary interest
foreign private issuer regulatory
"Due to the Issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b)"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
automatic conversion financial
"All of the Issuer's Class C Common Shares automatically converted into an equal number of Class A"
pecuniary interest financial
"disclaims beneficial ownership... except to the extent of such Reporting Person's pecuniary interest"
beneficial ownership regulatory
"this report shall not be deemed an admission that the Reporting Person is the beneficial owner"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"

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FAQ

What equity transactions did TBBB director Sami Gabriel Khouri report on August 7, 2026?

On August 7, 2026, Khouri reported the automatic conversion of 3,369,648 Class C into Class A shares via MNCF Ltd., the exercise of 189,996 stock options for Class A shares, and the delivery or withholding of 14,101 Class A shares to cover exercise price or tax liability.

How many BBB Foods (TBBB) shares were affected by the Class C to Class A conversion?

All of BBB Foods’ Class C shares held via MNCF Ltd., totaling 3,369,648 shares, automatically converted into an equal number of Class A Common Shares on August 7, 2026, with the same share count now reported as indirectly held Class A shares.

What stock options did Sami Gabriel Khouri exercise in BBB Foods (TBBB)?

Khouri exercised two tranches of options for a total of 189,996 Class A shares, with 94,998 options at an exercise price of $2.37 per share and another 94,998 options at $3.67 per share, all fully vested as of the transaction date.

Why were 14,101 BBB Foods (TBBB) Class A shares disposed of in the Form 4?

A total of 14,101 Class A Common Shares were reported with code F, meaning they were delivered or withheld for payment of exercise price or tax liability related to option exercises, rather than being a regular open-market sale of shares.

How are MNCF Ltd.’s BBB Foods (TBBB) holdings attributed to Sami Gabriel Khouri?

The 3,369,648 Class A shares are held indirectly "By MNCF Ltd." and Khouri disclaims beneficial ownership except for his pecuniary interest. The filing states it should not be deemed an admission that he is the beneficial owner for Section 16 or other purposes.

Are Sami Gabriel Khouri’s BBB Foods (TBBB) transactions subject to Section 16(b) and 16(c)?

The filing notes that, because BBB Foods is a foreign private issuer under Rule 3a12-3(b), Khouri’s transactions in its equity securities are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act of 1934.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Khouri Sami Gabriel

(Last)(First)(Middle)
AV. PDTE. MASARYK 8
POLANCO V SECCION, MIGUEL HIDALGO

(Street)
MEXICO CITY11560

(City)(State)(Zip)

MEXICO

(Country)
2. Issuer Name and Ticker or Trading Symbol
BBB FOODS INC [ TBBB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Shares08/07/2026C3,369,648A(1)3,369,648IBy MNCF Ltd.(2)
Class A Common Shares08/07/2026M94,998A$2.37114,998D
Class A Common Shares08/07/2026M94,998A$3.67209,996D
Class A Common Shares08/07/2026F14,101D$40.67195,895D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class C Common Shares(1)08/07/2026C3,369,648 (1) (1)Class A Common Shares3,369,648(1)0IBy MNCF Ltd.(2)
Stock Options (Right to Buy)$2.3708/07/2026M94,998 (3)12/16/2050Class A Common Shares(4)94,998$00D
Stock Options (Right to Buy)$3.6708/07/2026M94,998 (3)12/16/2050Class A Common Shares(4)94,998$00D
Explanation of Responses:
1. All of the Issuer's Class C Common Shares automatically converted into an equal number of Class A Common Shares on August 7, 2026.
2. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
3. These options are fully vested.
4. These options were originally exercisable for Class C Common Shares. On August 7, 2026 all of the Issuer's Class C Common Shares automatically converted into an equal number of Class A Common Shares, and all options exercisable for Class C Common Shares became exercisable for Class A Common Shares.
Remarks:
Due to the Issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Securities Exchange Act of 1934 (the "Act"), the Reporting Person's transactions in the Issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act.
/s/ Amparo Martinez Ruiz, as Attorney-In-Fact08/11/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)