Steven Cirulis Disposes of Potbelly Corp Shares Post-Merger

Steven Cirulis, SVP, CFO, and Chief Strategy Officer of Potbelly Corp, disposed of all his holdings in the company following its merger with RaceTrac, Inc. The merger, effective October 23, 2025, converted each share of Potbelly Corp common stock into $17.12 in cash. Cirulis disposed of 417,470 shares of common stock and 74,201 performance stock units, all at the merger price of $17.12 per share. The transaction resulted in Cirulis holding no shares or units post-merger. The filing highlights the automatic conversion of vested and unvested restricted stock units and performance stock units into cash awards, with specific vesting conditions post-merger.