A BBB Foods director sold 7,660 shares to cover tax liabilities, retaining a $3.97 million stake in the company.
BBB Foods Inc. (NYSE:TBBB) director Juan Pablo Cappello sold 7,660 shares for $312,000 on August 7, based on a weighted average price of $40.67. The transaction was non-discretionary, executed to cover tax obligations tied to stock option exercises.
The shares sold were Class C Common Shares, which converted to Class A Common Shares upon exercise. Cappello retains 97,295 Class A shares, valued at $3.97 million as of the August 7 market close. The company operates discount grocery outlets in Mexico and has expanded 39% despite economic challenges.
The filing noted no change in the director’s outlook on BBB Foods, with the sale unrelated to company performance.