Dixon Adiya's Disposition of Potbelly Corp Shares Post-Merger

On October 23, 2025, Dixon Adiya, SVP, CLO and Secretary of Potbelly Corp, disposed of 155,912 shares of common stock at $17.12 per share, resulting in zero shares remaining. This transaction occurred following the merger of Potbelly Corp with RaceTrac, Inc., where each share of common stock was converted into the right to receive $17.12 in cash. Additionally, Adiya disposed of 21,820, 13,953, and 16,574 Performance Stock Units (PSUs) at the same price, also resulting in zero shares remaining. The PSUs were converted into contingent cash awards based on the merger agreement terms, with vesting conditions remaining unchanged except for double-trigger accelerated vesting upon termination without cause or resignation for good reason.