Wingstop Inc. ownership disclosure: Darsana Capital Partners and affiliated filers report shared beneficial ownership of 1,500,000 shares, representing 5.5% of common stock as of 05/05/2026. The filing states these shares are directly owned by advisory clients of Darsana Capital Partners LP, with shared voting and dispositive power across the reporting entities.
The disclosure lists Darsana Capital Partners LP, Darsana Capital Partners GP LLC, Darsana Master Fund LP, Darsana Capital GP LLC and Anand Desai as reporting persons at the same address. Signatures show Anand Desai as Chief Executive Officer signing on behalf of multiple reporting entities on 05/12/2026.
Positive
None.
Negative
None.
Insights
Darsana reports a passive >5% stake held for advisory clients.
The filing lists 1,500,000 shares (5.5%) held in shared voting and dispositive capacity by Darsana entities as of 05/05/2026. The report states the securities are "directly owned by advisory clients of Darsana Capital Partners LP," indicating client holdings rather than direct proprietary ownership.
Implications depend on client trading decisions and any voting coordination; subsequent filings may clarify control arrangements or changes in percent ownership.
Schedule 13G format and disclaimers are standard; signatures by Anand Desai are administrative.
The schedule includes a joint filing agreement and an exhibit identifying a control person. Each reporting person disclaims beneficial ownership except for pecuniary interest, a common Schedule 13G qualifier. The signature block shows filings dated 05/12/2026.
Watch for any future amendments or Schedule 13D if active investment intent changes; current disclosure is consistent with passive/beneficial reporting rules.
Key Figures
Shares reported:1,500,000 sharesPercent of class:5.5%CUSIP:974155103+2 more
5 metrics
Shares reported1,500,000 sharesAmount reported beneficially owned by each reporting person
Percent of class5.5%Percent of common stock represented by 1,500,000 shares
CUSIP974155103CUSIP number for Wingstop common stock
As-of date05/05/2026Date shown near the top of the filing for reported figures
Signature date05/12/2026Date of signatures by Anand Desai on the filing
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
shared voting powerfinancial
"Shared Voting Power 1,500,000.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Wingstop Inc.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
974155103
(CUSIP Number)
05/05/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
974155103
1
Names of Reporting Persons
Darsana Capital Partners LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,500,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,500,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.5 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
974155103
1
Names of Reporting Persons
Darsana Capital Partners GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,500,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,500,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.5 %
12
Type of Reporting Person (See Instructions)
HC, OO
SCHEDULE 13G
CUSIP Number(s):
974155103
1
Names of Reporting Persons
Darsana Master Fund LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,500,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,500,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.5 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
974155103
1
Names of Reporting Persons
Darsana Capital GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,500,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,500,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.5 %
12
Type of Reporting Person (See Instructions)
HC, OO
SCHEDULE 13G
CUSIP Number(s):
974155103
1
Names of Reporting Persons
Anand Desai
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,500,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,500,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,500,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.5 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Wingstop Inc.
(b)
Address of issuer's principal executive offices:
2801 N Central Expressway, Suite 1600, Dallas, TX 75204
Item 2.
(a)
Name of person filing:
Darsana Capital Partners LP
Darsana Capital Partners GP LLC
Darsana Master Fund LP
Darsana Capital GP LLC
Anand Desai
(b)
Address or principal business office or, if none, residence:
Darsana Capital Partners LP
40 WEST 57TH STREET, 22ND FLOOR, NEW YORK, NY, 10019
Darsana Capital Partners GP LLC
40 WEST 57TH STREET, 22ND FLOOR, NEW YORK, NY, 10019
Darsana Master Fund LP
40 WEST 57TH STREET, 22ND FLOOR, NEW YORK, NY, 10019
Darsana Capital GP LLC
40 WEST 57TH STREET, 22ND FLOOR, NEW YORK, NY, 10019
Anand Desai
40 WEST 57TH STREET, 22ND FLOOR, NEW YORK, NY, 10019
(c)
Citizenship:
Darsana Capital Partners LP - Delaware
Darsana Capital Partners GP LLC - Delaware
Darsana Master Fund LP - Cayman Islands
Darsana Capital GP LLC - Delaware
Anand Desai - United States
(d)
Title of class of securities:
Common Stock, $0.01 par value per share
(e)
CUSIP Number(s):
974155103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Darsana Capital Partners LP - 1,500,000
Darsana Capital Partners GP LLC - 1,500,000
Darsana Master Fund LP - 1,500,000
Darsana Capital GP LLC - 1,500,000
Anand Desai - 1,500,000
(b)
Percent of class:
Darsana Capital Partners LP - 5.5%
Darsana Capital Partners GP LLC - 5.5%
Darsana Master Fund LP - 5.5%
Darsana Capital GP LLC - 5.5%
Anand Desai - 5.5%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Darsana Capital Partners LP - 0
Darsana Capital Partners GP LLC - 0
Darsana Master Fund LP - 0
Darsana Capital GP LLC - 0
Anand Desai - 0
(ii) Shared power to vote or to direct the vote:
Darsana Capital Partners LP - 1,500,000
Darsana Capital Partners GP LLC - 1,500,000
Darsana Master Fund LP - 1,500,000
Darsana Capital GP LLC - 1,500,000
Anand Desai - 1,500,000
(iii) Sole power to dispose or to direct the disposition of:
Darsana Capital Partners LP - 0
Darsana Capital Partners GP LLC - 0
Darsana Master Fund LP - 0
Darsana Capital GP LLC - 0
Anand Desai - 0
(iv) Shared power to dispose or to direct the disposition of:
Darsana Capital Partners LP - 1,500,000
Darsana Capital Partners GP LLC - 1,500,000
Darsana Master Fund LP - 1,500,000
Darsana Capital GP LLC - 1,500,000
Anand Desai - 1,500,000
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
All of the securities reported in this Schedule 13G are directly owned by advisory clients of Darsana Capital Partners LP. None of those advisory clients, other than Darsana Master Fund LP, may be deemed to beneficially own more than 5% of the Common Stock, $0.01 par value.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit B attached hereto.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Darsana Capital Partners LP
Signature:
Darsana Capital Partners GP LLC, Its General Partner, /s/ Anand Desai
Name/Title:
Anand Desai, Chief Executive Officer
Date:
05/12/2026
Darsana Capital Partners GP LLC
Signature:
/s/ Anand Desai
Name/Title:
Anand Desai, Chief Executive Officer
Date:
05/12/2026
Darsana Master Fund LP
Signature:
Darsana Capital GP LLC, Its General Partner, /s/ Anand Desai
Name/Title:
Anand Desai, Chief Executive Officer
Date:
05/12/2026
Darsana Capital GP LLC
Signature:
/s/ Anand Desai
Name/Title:
Anand Desai, Chief Executive Officer
Date:
05/12/2026
Anand Desai
Signature:
/s/ Anand Desai
Name/Title:
Anand Desai
Date:
05/12/2026
Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.
Exhibit Information
Exhibit A - Joint Filing Agreement
Exhibit B - Control Person Identification
Darsana Capital and affiliated filers report 1,500,000 shares, representing 5.5% of Wingstop common stock as of 05/05/2026. The filing attributes ownership to advisory clients of Darsana Capital Partners LP.
Who are the reporting persons on the Schedule 13G for WING?
The reporting persons are Darsana Capital Partners LP, Darsana Capital Partners GP LLC, Darsana Master Fund LP, Darsana Capital GP LLC, and Anand Desai, all listed at the same New York address.
Does the filing indicate voting or dispositive power over the shares?
Yes. The filing shows shared voting power and shared dispositive power of 1,500,000 shares for each reporting entity; sole voting and dispositive power are reported as zero.
Are the reported shares owned directly by Darsana or by clients?
The schedule states the securities are directly owned by advisory clients of Darsana Capital Partners LP; the filing includes a disclaimer that reporting persons disclaim beneficial ownership except for pecuniary interest.
When were the signatures executed on the filing?
Signatures by Anand Desai appear with the date 05/12/2026, while the ownership figures are presented with an as‑of date of 05/05/2026 in the submission header.
