Schnopp Stefan Kurt 4
4 · BurgerFi International, Inc. · Filed Jan 4, 2023
Insider Transaction Report
Form 4
Schnopp Stefan Kurt
See Remarks
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-01-03−5,000→ 92,500 total→ Common Stock (5,000 underlying) - Award
Common Stock
2023-01-03+99,750→ 102,767 total - Exercise/Conversion
Common Stock
2023-01-03+5,000→ 5,000 total - Tax Payment
Common Stock
2023-01-03$1.26/sh−1,983$2,499→ 3,017 total - Tax Payment
Common Stock
2023-01-03$1.26/sh−29,576$37,266→ 73,191 total
Footnotes (5)
- [F1]The shares are part of a grant of 10,000 restricted stock units made on January 3, 2022 under the issuer's 2020 Omnibus Equity Incentive Plan. The restricted stock units shall vest and be settled in shares of common stock as follows: 5,000 restricted stock units vested on January 3, 2023 and 5,000 restricted stock units shall vest on January 3, 2024, subject to earlier vesting due to a change of control or certain termination events.
- [F2]Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.
- [F3]Shares disposed of represent shares withheld by the issuer to pay taxes due upon vesting of restricted stock units.
- [F4]Shares disposed of represent shares withheld by the issuer to pay taxes due upon issuance of shares of common stock.
- [F5]Reflects forfeiture of 17,500 restricted stock units granted to the Reporting Person on January 3, 2022 due to the condition with respect to calendar year 2022 applicable to such restricted stock units not being satisfied.