David Scott Daniels' Disposition of Potbelly Corp Shares Post-Merger

David Scott Daniels, SVP and Chief Marketing Officer of Potbelly Corp, disposed of all his holdings in the company following its merger with RaceTrac, Inc. On October 23, 2025, Daniels sold 134,179 shares of common stock at $17.12 per share, resulting in zero post-transaction shares. Additionally, he disposed of 56,998 performance stock units (PSUs) at the same price per share, also resulting in zero post-transaction shares. The transactions were part of the merger agreement, which converted all outstanding shares and PSUs into cash payments. The merger, effective on October 23, 2025, resulted in Potbelly Corp becoming a wholly owned subsidiary of RaceTrac, Inc.