Engaged Capital LLC → Portillo's Inc. PTLO

Item 4 is hereby amended to add the following: The Reporting Persons believe that the Issuer and its stockholders would benefit from having additional directors with recent restaurant operations and marketing expertise and intend to nominate such candidates for election to the Board at the upcoming annual meeting of stockholders. The sales of securities reported herein were undertaken for the purposes of effectuating a portfolio rebalancing and are not an indication of the Reporting Persons' view on the future prospects of the Issuer. The Issuer remains one of the largest positions in Engaged Capital's portfolio.