---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-067720"
form_type: "8-K"
ticker: "PTLO"
cik: "0001871509"
company_name: "Portillo's Inc."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:56:49.891933+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Portillo's synthetic secondary offering of 8M shares; underwriter option for 1.2M additional

## Summary
- Company entered underwriting agreement on March 7, 2023 for 8,000,000 share offering with Morgan Stanley as sole underwriter.
- Underwriter granted 30-day option to purchase up to 1,200,000 additional shares of Class A common stock.
- Offering consummated on March 10, 2023; PHD Group Holdings, LLC is a party to the agreement.
- Offering made under effective S-3ASR registration statement filed November 14, 2022.

## SEC filing metadata
- accession: 0001193125-23-067720
- form_type: 8-K
- ticker: PTLO
- cik: 0001871509
- company_name: Portillo's Inc.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1871509/000119312523067720/0001193125-23-067720-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1871509/000119312523067720/d480851d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-067720
- JSON: https://secwatch.observer/filing/0001193125-23-067720.json
- Plain text: https://secwatch.observer/filing/0001193125-23-067720.txt

## Key facts
- Material Agreements
  Portillo's Inc. entered into Underwriting Agreement with Morgan Stanley & Co. LLC (effective 2023-03-07).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Morgan Stanley & Co. LLC
  - Effective: 2023-03-07
  source text: on March 7, 2023, the Company and PHD Group Holdings, LLC entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1871509/000119312523067720/0001193125-23-067720-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.