Wingstop Inc. officer Donnie S. Upshaw filed a Form 144 notice of proposed sale with the SEC on October 30, 2026, covering 7,878 shares of common stock to be sold following a stock option exercise.

Key Highlights

  • Seller: Donnie S. Upshaw, identified as an officer of Wingstop Inc.
  • Shares proposed for sale: 7,878 shares of Wingstop common stock.
  • Aggregate market value: $1,138,702.66, according to the filing.
  • Source of shares: Stock option exercise from the issuer, acquired on October 30, 2026, with cash payment on the same date.
  • Approximate date of sale: October 30, 2026, through broker Morgan Stanley Smith Barney LLC Executive Financial Services.
  • Shares outstanding: 27,053,133 shares of common stock reported outstanding.
  • Prior sales: No sales of Wingstop securities reported in the past three months.

Upshaw's Proposed Rule 144 Sale of Wingstop Common Stock

According to the filing, Donnie S. Upshaw, an officer of Wingstop Inc. (NASDAQ:WING), submitted a Form 144 notice on October 30, 2026, disclosing his intent to sell 7,878 shares of the company's common stock. The filing states that these shares were acquired on October 30, 2026, through a stock option exercise from the issuer, with cash paid as consideration on the same date. The proposed sale is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004.

The filing reports an aggregate market value of $1,138,702.66 for the shares proposed to be sold, against a reported total of 27,053,133 shares of Wingstop common stock outstanding. The Form 144 is a notice of proposed sale filed pursuant to Rule 144 under the Securities Act of 1933, and its filing does not confirm that any sale has yet occurred. The filing notes no sales of Wingstop securities by Upshaw in the preceding three months.

By signing the notice, the filer represented, as stated in the filing, that he "does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed."

What Was Disclosed

Officer Donnie S. Upshaw filed a Form 144 on October 30, 2026, disclosing a proposed sale of 7,878 Wingstop common shares, acquired via a stock option exercise from the issuer on the same date, with an aggregate market value of $1,138,702.66.