BBB Foods Directors Sold Small Stakes After Options Converted to Class A

Overview

• The filings show director Sami Gabriel Khouri had a non-discretionary disposition of 14,101 Class A shares and Juan Pablo Cappello disposed of 7,660 shares to cover tax withholdings triggered by option exercises on August 7.
• Footnotes in the disclosures state the exercised options were originally for Class C common shares and automatically converted into an equal number of Class A shares on the transaction date.
• The company executed the sales at a weighted average price of $40.67 per share and the stock closed at $40.80 on August 7.
• After the transactions Khouri still holds about 3.6 million shares, roughly 3% of the company including about 196,000 held directly, and Cappello retains 97,295 direct Class A shares valued at about $3.97 million at the close.
• The filings update markets on insider ownership and capital structure for the fast-growing Mexico discount grocer, which reports roughly 29,202 employees, $83.3 billion in trailing revenue and a $3.3 billion TTM net loss while delivering about 39% chain growth and a one-year share gain near 60%.