---
title: "POTBELLY CORP — Ownership Dossier"
canonical: https://whiteintel.dev/entity/c5aee149-7451-589d-bdba-eebb7df86587
json: https://whiteintel.dev/api/public/dossier/c5aee149-7451-589d-bdba-eebb7df86587
identifier: sec:0001195734
jurisdiction: US
risk: Medium
source: WhiteIntel corporate-ownership graph
---

# POTBELLY CORP

**Type:** Company  
**Jurisdiction:** US  
**Identifier:** `sec:0001195734`  
**Risk level:** Medium  
**Canonical dossier:** https://whiteintel.dev/entity/c5aee149-7451-589d-bdba-eebb7df86587  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/c5aee149-7451-589d-bdba-eebb7df86587  

## Ownership & control

### Owners / controllers

- **Nierenberg David** (10% owner) — https://whiteintel.dev/entity/cb0498d4-a87b-5cdb-884a-1f983bb357d9
- **Nierenberg Investment Management Company, Inc.** (10% owner) — https://whiteintel.dev/entity/242b71ce-ace9-55ee-a542-bd44f9cd53a8
- **Wright Robert D.** (officer) — https://whiteintel.dev/entity/c5ef7ac3-5a45-5b9a-a635-18d5a37efba9
- **Wright Robert D.** (officer) — https://whiteintel.dev/entity/c5ef7ac3-5a45-5b9a-a635-18d5a37efba9
- **Wright Robert D.** (officer) — https://whiteintel.dev/entity/c5ef7ac3-5a45-5b9a-a635-18d5a37efba9
- **Nierenberg David** (10% owner) — https://whiteintel.dev/entity/cb0498d4-a87b-5cdb-884a-1f983bb357d9
- **Nierenberg Investment Management Company, Inc.** (10% owner) — https://whiteintel.dev/entity/242b71ce-ace9-55ee-a542-bd44f9cd53a8
- **Wright Robert D.** (officer) — https://whiteintel.dev/entity/c5ef7ac3-5a45-5b9a-a635-18d5a37efba9
- **Wright Robert D.** (officer) — https://whiteintel.dev/entity/c5ef7ac3-5a45-5b9a-a635-18d5a37efba9
- **Wright Robert D.** (officer) — https://whiteintel.dev/entity/c5ef7ac3-5a45-5b9a-a635-18d5a37efba9
- **ATKINS WILL** (officer) — https://whiteintel.dev/entity/5ae7f422-d495-55fa-a4c8-29663a04f499
- **CIRULIS STEVEN** (officer) — https://whiteintel.dev/entity/91558b42-792a-5507-8f1d-ef4b48a2a749
- **AVEDISIAN VANN A** (director) — https://whiteintel.dev/entity/b78f1c7c-886e-59ac-bf1a-d4caf18b4d81
- **NEAR DAVID** (director) — https://whiteintel.dev/entity/17a40b2a-f755-5ed7-bb38-5db9016dfa96
- **Wright Robert D.** (director) — https://whiteintel.dev/entity/c5ef7ac3-5a45-5b9a-a635-18d5a37efba9
- **BOEHM JOSEPH** (director) — https://whiteintel.dev/entity/988e249e-89ef-5a04-9d03-ee9330fa9322
- **MCKEE KAREN LYNETTE** (officer) — https://whiteintel.dev/entity/45216811-4d25-5ef4-912e-501f90196e08
- **Butler Adrian M** (director) — https://whiteintel.dev/entity/8cf6f4f4-48ac-5b11-95a2-833b475c116e
- **PEARSON DAVID T.** (director) — https://whiteintel.dev/entity/f7b01803-a930-5fee-a56e-85b2e9dd5471
- **DOUGLAS JEFFREY** (officer) — https://whiteintel.dev/entity/ffedf6d7-5a7b-5050-873a-5f01ea3f8a63
- **HEAD DAVID W** (director) — https://whiteintel.dev/entity/92a9971d-ff47-56a8-bb4f-eb9b16268470
- **SUTTON JILL** (director) — https://whiteintel.dev/entity/780ea98c-8b0e-51a6-a1ea-889b790c63ba
- **WALSH PATRICK JAMES** (officer) — https://whiteintel.dev/entity/df287b59-e0ac-5411-beeb-01690e5d14ab
- **DANIELS DAVID SCOTT** (officer) — https://whiteintel.dev/entity/3f624215-89dd-53b3-9345-60997bd633c5
- **DIXON ADIYA** (officer) — https://whiteintel.dev/entity/996f4b12-9dfa-50ab-840d-7fedc37eba2f
- **NOYES ADAM** (officer) — https://whiteintel.dev/entity/72322043-1c94-5816-bef6-408bdd15a596
- **Nierenberg Investment Management Company, Inc.** (tenpercentowner) — https://whiteintel.dev/entity/242b71ce-ace9-55ee-a542-bd44f9cd53a8
- **Nierenberg David** (tenpercentowner) — https://whiteintel.dev/entity/cb0498d4-a87b-5cdb-884a-1f983bb357d9
- **SMITH TODD WHITNEY** (director) — https://whiteintel.dev/entity/358fe460-b02c-5314-91d8-8d06bb6857c1
- **SWAYNE SCOTT** (officer) — https://whiteintel.dev/entity/145414ac-b84e-55b9-bd26-237bf7b0e6b3
- **GOTTSCHALK MARLA C** (director) — https://whiteintel.dev/entity/fb4839c1-1125-5555-bb86-cc7520af8f6f
- **STRAIN LARRY** (officer) — https://whiteintel.dev/entity/e8bebf4b-e752-5520-8bab-4d02ed4f92ec
- **ROSENZWEIG BENJAMIN L** (director) — https://whiteintel.dev/entity/6d78018f-2ed0-58eb-b0d0-e93c7b203e3f
- **REVORD MATTHEW J** (officer) — https://whiteintel.dev/entity/fc5e2e59-6e20-5c24-95d2-7ce7dd9aef4e
- **RHOTEN BRANDON P** (officer) — https://whiteintel.dev/entity/2c6816ea-2879-5fac-a69c-0d9bf8ab74c1
- **LECOCQ DANIEL** (officer) — https://whiteintel.dev/entity/82385fde-80a7-52cc-a0b8-6ab8493275f2
- **YOUNGLOVE-WEBB JULIE** (officer) — https://whiteintel.dev/entity/2fd920f5-1778-52bc-a5cf-fc2f902bc960
- **JOHNSON ALAN L** (officer) — https://whiteintel.dev/entity/4c4c1e18-091c-5204-acd2-4664638b615d
- **FITZGERALD THOMAS J III** (officer) — https://whiteintel.dev/entity/41f0cf32-5e36-5370-b1cc-668744101c4a
- **CHAPMAN-HUGHES SUSAN** (director) — https://whiteintel.dev/entity/69811f58-298e-565c-b3bb-e8480adc12b8
- **GINSBERG DANIEL** (director) — https://whiteintel.dev/entity/aa0d75cc-d7f2-525a-b933-64e9ddd9a1c1
- **CARLSON CHRISTOPHER** (officer) — https://whiteintel.dev/entity/b0dae54e-5444-577e-9f3c-3cdd95eabeed
- **BYRDAK MARYANN** (officer) — https://whiteintel.dev/entity/7a4a921d-4eb3-5a22-8992-b70bb4df02ee
- **WELCH JEFFREY B** (officer) — https://whiteintel.dev/entity/42981c56-2397-513b-9ca3-6af857c008cb
- **COLLYNS SUSAN** (director) — https://whiteintel.dev/entity/36f90745-850e-51c3-b705-3fbe8b2210d4
- **Campbell Ann Marie** (director) — https://whiteintel.dev/entity/51e20887-e4db-595e-b2b0-3082fced5e1c
- **BASSI PETER A** (director) — https://whiteintel.dev/entity/e7135f0d-3662-5026-b0cd-938359b7e8e6
- **KANTER HARVEY S** (director) — https://whiteintel.dev/entity/a8a75787-ba29-5776-afc7-dbefcf9f34d8
- **EWING ANNE** (officer) — https://whiteintel.dev/entity/fb58cf20-dda0-53a9-8905-173d8cfb883b
- **COYNE MICHAEL W** (officer) — https://whiteintel.dev/entity/5a8331ba-8008-5feb-a1bd-475f1600b750
- **TURK NANCY F** (officer) — https://whiteintel.dev/entity/6a060c99-a9a2-5e36-ba05-c4f97e28d835
- **WARSCHAUSKY CARL** (director) — https://whiteintel.dev/entity/a3b88f89-78cd-55e6-97fb-217cb56689fb
- **OSTROWSKI SHERRY** (officer) — https://whiteintel.dev/entity/6ad29c38-11a3-5764-b892-84a07aeff9d6
- **MORLOCK JOHN B** (officer) — https://whiteintel.dev/entity/24a2d002-e9c1-5e2a-9b6a-b953df55f70b
- **LEWIS AYLWIN B** (officer) — https://whiteintel.dev/entity/bff17048-cd75-5143-8421-a81b88271010
- **LEWIS AYLWIN B** (director) — https://whiteintel.dev/entity/bff17048-cd75-5143-8421-a81b88271010
- **BOYER JOSHUA** (officer) — https://whiteintel.dev/entity/e50b26dc-22c8-5afb-addc-e2bfbacc6a64
- **LEVITAN DAN** (director) — https://whiteintel.dev/entity/6e46d7f8-1866-5baa-a00f-37aecd25f9e2
- **MAVERON EQUITY PARTNERS 2000-B, L.P.** (tenpercentowner) — https://whiteintel.dev/entity/29216298-3859-5d02-a0db-ce4e14653e6b
- **MAVERON GENERAL PARTNER III LLC** (tenpercentowner) — https://whiteintel.dev/entity/c3840dda-4143-55b8-95d5-a299cccd7cc2
- **KEIL BRYANT L** (tenpercentowner) — https://whiteintel.dev/entity/78178b27-fe72-5813-9df5-7fb2305f7e56
- **MAVERON LLC** (tenpercentowner) — https://whiteintel.dev/entity/65119f3e-366b-5ff9-a6a4-4cd4f6123e33
- **MAVERON EQUITY PARTNERS III, L.P.** (tenpercentowner) — https://whiteintel.dev/entity/02500eb4-7e12-5222-863f-ad81465cf7dc
- **LEVITAN DAN** (tenpercentowner) — https://whiteintel.dev/entity/6e46d7f8-1866-5baa-a00f-37aecd25f9e2
- **MAVERON GENERAL PARTNER 2000 LLC** (tenpercentowner) — https://whiteintel.dev/entity/f01a9920-e6e1-5735-8b38-cbe0db5bcfb8
- **MEP ASSOCIATES III, L.P.** (tenpercentowner) — https://whiteintel.dev/entity/1991785e-f4b0-53d7-910d-67e8329a5f7e
- **MEP 2000 ASSOCIATES LLC** (tenpercentowner) — https://whiteintel.dev/entity/c8fdb472-f44e-5c51-b412-95c9dc82b544
- **KEIL BRYANT L** (director) — https://whiteintel.dev/entity/78178b27-fe72-5813-9df5-7fb2305f7e56
- **MAVERON EQUITY PARTNERS 2000, L.P.** (tenpercentowner) — https://whiteintel.dev/entity/a3041734-a890-5730-a6f6-f95ae449723a
- **AVEDISIAN VANN A** (tenpercentowner) — https://whiteintel.dev/entity/b78f1c7c-886e-59ac-bf1a-d4caf18b4d81
- **MAVERON III ENTREPRENEURS FUND, L.P.** (tenpercentowner) — https://whiteintel.dev/entity/fd3c042e-fdca-5349-9357-09ebb9db81a0
- **OAK INVESTMENT PARTNERS IX L P** (tenpercentowner) — https://whiteintel.dev/entity/25fa41d7-8b4e-5483-b964-8da1465c923f
- **GALLAGHER GERALD R** (director) — https://whiteintel.dev/entity/d1f03d49-b2f1-517d-8164-73efe10bd095
- **OAK IX AFFILIATES FUND LP** (tenpercentowner) — https://whiteintel.dev/entity/eedd7fb3-4201-58d9-b114-dcdf423adacd
- **OAK IX AFFILIATES FUND A LP** (tenpercentowner) — https://whiteintel.dev/entity/09f61c42-aeab-55f9-bf6f-e2c934a6e312
- **TALBOT CHARLES C** (officer) — https://whiteintel.dev/entity/b23a6d44-05b8-5bba-a947-692b0e7d805f
- **BENCHMARK FOUNDERS FUND IV-B LP** (tenpercentowner) — https://whiteintel.dev/entity/d4014d15-c460-5056-acff-c5e076cee462
- **BENCHMARK CAPITAL MANAGEMENT CO IV LLC** (tenpercentowner) — https://whiteintel.dev/entity/67aea6f1-28bb-5cd8-a60e-4adaf4c4a16f
- **BENCHMARK FOUNDERS FUND IV LP** (tenpercentowner) — https://whiteintel.dev/entity/a3430926-375f-5152-8d4c-1e026768de0b
- **SPURLOCK STEVEN M** (tenpercentowner) — https://whiteintel.dev/entity/4d3c24a8-995c-542e-a3b8-21503243030d
- **BENCHMARK CAPITAL PARTNERS IV LP** (tenpercentowner) — https://whiteintel.dev/entity/a54badba-f1b8-5607-9548-e5ee6e7dcd30
- **DUNLEVIE BRUCE** (tenpercentowner) — https://whiteintel.dev/entity/a2b199ce-c83d-50ab-a5cd-28220d1be398
- **KEIL SHEILA** (tenpercentowner) — https://whiteintel.dev/entity/07c8ee90-b5f9-52dc-acd1-09e83463fbce
- **ASP PBSW, LLC** (tenpercentowner) — https://whiteintel.dev/entity/812e7681-7b37-50e9-833b-ea91a1b6ec72
- **WI-POTBELLY LLC** (tenpercentowner) — https://whiteintel.dev/entity/b2d077e5-50b0-58c7-9b13-471ca0eed654
- **GALLAGHER GERALD R** (tenpercentowner) — https://whiteintel.dev/entity/d1f03d49-b2f1-517d-8164-73efe10bd095
- **OXFORD BLACKPOINT VENTURE PARTNERS VII, LLC** (tenpercentowner) — https://whiteintel.dev/entity/48b165e2-a6fb-58e6-869c-4c63f3148873
- **SEGAL CARL AARON** (officer) — https://whiteintel.dev/entity/357a49da-5811-5f5c-a764-59a081ac2f56
- **GURLEY J WILLIAM** (tenpercentowner) — https://whiteintel.dev/entity/f62c05da-5b2d-5c64-926e-2b39a772c55e
- **AMERICAN SECURITIES PARTNERS III, L.P.** (tenpercentowner) — https://whiteintel.dev/entity/3671fb47-b2ba-5a27-8488-1c8e67340db4
- **SANDBURG PARTNERS** (tenpercentowner) — https://whiteintel.dev/entity/2126bb5b-11e6-5831-9304-608c75844d39
- **OXFORD CAPITAL PARTNERS, INC.** (tenpercentowner) — https://whiteintel.dev/entity/371bc0c7-cce1-55e0-b291-080bd0c9d0cd
- **AMERICAN SECURITIES LLC** (other) — https://whiteintel.dev/entity/0165e9bf-0e3b-5b1a-9704-3c9937775fa1
- **BENCHMARK FOUNDERS FUND IV A LP** (tenpercentowner) — https://whiteintel.dev/entity/6269f213-5e2b-523d-b8ff-ed7b8fe60ad6
- **HARVEY KEVIN** (tenpercentowner) — https://whiteintel.dev/entity/f21e5ff3-99fa-5422-b373-cd1befc11bbc
- **AMERICAN SECURITIES PARTNERS III(B), L.P.** (tenpercentowner) — https://whiteintel.dev/entity/3f68dda3-e51e-58b7-b9f5-eb1321fb4bb6
- **KAGLE ROBERT** (tenpercentowner) — https://whiteintel.dev/entity/ffbb2745-8fd8-536b-ab72-1e9748cca5cb
- **AMERICAN SECURITIES ASSOCIATES III, LLC** (tenpercentowner) — https://whiteintel.dev/entity/99df2dd1-ebd3-5408-8ce4-9212f02405c4
- **WINCHESTER PARTNERS, L.P.** (tenpercentowner) — https://whiteintel.dev/entity/9e203af6-eaf0-597e-8f92-87f1a9f7adb3
- **WAVELAND INVESTMENTS I, LLC** (tenpercentowner) — https://whiteintel.dev/entity/73391a41-fb7c-575a-87d4-fee4e2fc4628

### UBO chain (walk to the ultimate owner)

1. **Nierenberg David** — 10% owner → *POTBELLY CORP*
1. **Nierenberg Investment Management Company, Inc.** — 10% owner → *POTBELLY CORP*
1. **Wright Robert D.** — officer → *POTBELLY CORP*
1. **Wright Robert D.** — officer → *POTBELLY CORP*
1. **Wright Robert D.** — officer → *POTBELLY CORP*
1. **Nierenberg David** — 10% owner → *POTBELLY CORP*
1. **Nierenberg Investment Management Company, Inc.** — 10% owner → *POTBELLY CORP*
1. **Wright Robert D.** — officer → *POTBELLY CORP*
1. **Wright Robert D.** — officer → *POTBELLY CORP*
1. **Wright Robert D.** — officer → *POTBELLY CORP*
1. **ATKINS WILL** — officer → *POTBELLY CORP*
1. **CIRULIS STEVEN** — officer → *POTBELLY CORP*
1. **AVEDISIAN VANN A** — director → *POTBELLY CORP*
1. **NEAR DAVID** — director → *POTBELLY CORP*
1. **Wright Robert D.** — director → *POTBELLY CORP*
1. **BOEHM JOSEPH** — director → *POTBELLY CORP*
1. **MCKEE KAREN LYNETTE** — officer → *POTBELLY CORP*
1. **Butler Adrian M** — director → *POTBELLY CORP*
1. **PEARSON DAVID T.** — director → *POTBELLY CORP*
1. **DOUGLAS JEFFREY** — officer → *POTBELLY CORP*
1. **HEAD DAVID W** — director → *POTBELLY CORP*
1. **SUTTON JILL** — director → *POTBELLY CORP*
1. **WALSH PATRICK JAMES** — officer → *POTBELLY CORP*
1. **DANIELS DAVID SCOTT** — officer → *POTBELLY CORP*
1. **DIXON ADIYA** — officer → *POTBELLY CORP*
1. **NOYES ADAM** — officer → *POTBELLY CORP*
1. **Nierenberg Investment Management Company, Inc.** — tenpercentowner → *POTBELLY CORP*
1. **Nierenberg David** — tenpercentowner → *POTBELLY CORP*
1. **SMITH TODD WHITNEY** — director → *POTBELLY CORP*
1. **SWAYNE SCOTT** — officer → *POTBELLY CORP*
1. **GOTTSCHALK MARLA C** — director → *POTBELLY CORP*
1. **STRAIN LARRY** — officer → *POTBELLY CORP*
1. **ROSENZWEIG BENJAMIN L** — director → *POTBELLY CORP*
1. **REVORD MATTHEW J** — officer → *POTBELLY CORP*
1. **RHOTEN BRANDON P** — officer → *POTBELLY CORP*
1. **LECOCQ DANIEL** — officer → *POTBELLY CORP*
1. **YOUNGLOVE-WEBB JULIE** — officer → *POTBELLY CORP*
1. **JOHNSON ALAN L** — officer → *POTBELLY CORP*
1. **FITZGERALD THOMAS J III** — officer → *POTBELLY CORP*
1. **CHAPMAN-HUGHES SUSAN** — director → *POTBELLY CORP*
1. **GINSBERG DANIEL** — director → *POTBELLY CORP*
1. **CARLSON CHRISTOPHER** — officer → *POTBELLY CORP*
1. **BYRDAK MARYANN** — officer → *POTBELLY CORP*
1. **WELCH JEFFREY B** — officer → *POTBELLY CORP*
1. **COLLYNS SUSAN** — director → *POTBELLY CORP*
1. **Campbell Ann Marie** — director → *POTBELLY CORP*
1. **BASSI PETER A** — director → *POTBELLY CORP*
1. **KANTER HARVEY S** — director → *POTBELLY CORP*
1. **EWING ANNE** — officer → *POTBELLY CORP*
1. **COYNE MICHAEL W** — officer → *POTBELLY CORP*
1. **TURK NANCY F** — officer → *POTBELLY CORP*
1. **WARSCHAUSKY CARL** — director → *POTBELLY CORP*
1. **OSTROWSKI SHERRY** — officer → *POTBELLY CORP*
1. **MORLOCK JOHN B** — officer → *POTBELLY CORP*
1. **LEWIS AYLWIN B** — officer → *POTBELLY CORP*
1. **LEWIS AYLWIN B** — director → *POTBELLY CORP*
1. **BOYER JOSHUA** — officer → *POTBELLY CORP*
1. **LEVITAN DAN** — director → *POTBELLY CORP*
1. **MAVERON EQUITY PARTNERS 2000-B, L.P.** — tenpercentowner → *POTBELLY CORP*
1. **MAVERON GENERAL PARTNER III LLC** — tenpercentowner → *POTBELLY CORP*
1. **KEIL BRYANT L** — tenpercentowner → *POTBELLY CORP*
1. **MAVERON LLC** — tenpercentowner → *POTBELLY CORP*
1. **MAVERON EQUITY PARTNERS III, L.P.** — tenpercentowner → *POTBELLY CORP*
1. **LEVITAN DAN** — tenpercentowner → *POTBELLY CORP*
1. **MAVERON GENERAL PARTNER 2000 LLC** — tenpercentowner → *POTBELLY CORP*
1. **MEP ASSOCIATES III, L.P.** — tenpercentowner → *POTBELLY CORP*
1. **MEP 2000 ASSOCIATES LLC** — tenpercentowner → *POTBELLY CORP*
1. **KEIL BRYANT L** — director → *POTBELLY CORP*
1. **MAVERON EQUITY PARTNERS 2000, L.P.** — tenpercentowner → *POTBELLY CORP*
1. **AVEDISIAN VANN A** — tenpercentowner → *POTBELLY CORP*
1. **MAVERON III ENTREPRENEURS FUND, L.P.** — tenpercentowner → *POTBELLY CORP*
1. **OAK INVESTMENT PARTNERS IX L P** — tenpercentowner → *POTBELLY CORP*
1. **GALLAGHER GERALD R** — director → *POTBELLY CORP*
1. **OAK IX AFFILIATES FUND LP** — tenpercentowner → *POTBELLY CORP*
1. **OAK IX AFFILIATES FUND A LP** — tenpercentowner → *POTBELLY CORP*
1. **TALBOT CHARLES C** — officer → *POTBELLY CORP*
1. **BENCHMARK FOUNDERS FUND IV-B LP** — tenpercentowner → *POTBELLY CORP*
1. **BENCHMARK CAPITAL MANAGEMENT CO IV LLC** — tenpercentowner → *POTBELLY CORP*
1. **BENCHMARK FOUNDERS FUND IV LP** — tenpercentowner → *POTBELLY CORP*
1. **SPURLOCK STEVEN M** — tenpercentowner → *POTBELLY CORP*
1. **BENCHMARK CAPITAL PARTNERS IV LP** — tenpercentowner → *POTBELLY CORP*
1. **DUNLEVIE BRUCE** — tenpercentowner → *POTBELLY CORP*
1. **KEIL SHEILA** — tenpercentowner → *POTBELLY CORP*
1. **ASP PBSW, LLC** — tenpercentowner → *POTBELLY CORP*
1. **WI-POTBELLY LLC** — tenpercentowner → *POTBELLY CORP*
1. **GALLAGHER GERALD R** — tenpercentowner → *POTBELLY CORP*
1. **OXFORD BLACKPOINT VENTURE PARTNERS VII, LLC** — tenpercentowner → *POTBELLY CORP*
1. **SEGAL CARL AARON** — officer → *POTBELLY CORP*
1. **GURLEY J WILLIAM** — tenpercentowner → *POTBELLY CORP*
1. **AMERICAN SECURITIES PARTNERS III, L.P.** — tenpercentowner → *POTBELLY CORP*
1. **SANDBURG PARTNERS** — tenpercentowner → *POTBELLY CORP*
1. **OXFORD CAPITAL PARTNERS, INC.** — tenpercentowner → *POTBELLY CORP*
1. **AMERICAN SECURITIES LLC** — other → *POTBELLY CORP*
1. **BENCHMARK FOUNDERS FUND IV A LP** — tenpercentowner → *POTBELLY CORP*
1. **HARVEY KEVIN** — tenpercentowner → *POTBELLY CORP*
1. **AMERICAN SECURITIES PARTNERS III(B), L.P.** — tenpercentowner → *POTBELLY CORP*
1. **KAGLE ROBERT** — tenpercentowner → *POTBELLY CORP*
1. **AMERICAN SECURITIES ASSOCIATES III, LLC** — tenpercentowner → *POTBELLY CORP*
1. **WINCHESTER PARTNERS, L.P.** — tenpercentowner → *POTBELLY CORP*
1. **WAVELAND INVESTMENTS I, LLC** — tenpercentowner → *POTBELLY CORP*

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **POTBELLY CORP**. Human view: https://whiteintel.dev/entity/c5aee149-7451-589d-bdba-eebb7df86587 · Structured JSON: https://whiteintel.dev/api/public/dossier/c5aee149-7451-589d-bdba-eebb7df86587._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._