Patrick James Walsh's Disposition of Potbelly Corp Shares Post-Merger

Patrick James Walsh, Chief People Officer of Potbelly Corp, disposed of 36,148 shares of common stock and 40,130 performance stock units on October 23, 2025, following the merger of Potbelly Corp with RaceTrac, Inc. The merger resulted in the conversion of each share of common stock into $17.12 in cash. The performance stock units were also converted into cash awards based on the same per share price, with vesting terms adjusted to include double-trigger acceleration upon termination without cause or resignation for good reason. This filing highlights the significant changes in equity holdings due to the merger.