Joseph Boehm's Disposition of Potbelly Corp Shares Post-Merger

Joseph Boehm, a director of Potbelly Corp, disposed of 248,826 shares of common stock on October 23, 2025, following the merger of Potbelly Corp with RaceTrac, Inc. The shares were converted into cash at a rate of $17.12 per share, as per the merger agreement. This transaction resulted in Boehm holding no shares of Potbelly Corp post-transaction. The merger agreement also addressed the treatment of restricted stock units (RSUs), converting vested RSUs into cash and substituting unvested RSUs with cash awards subject to the same vesting terms.