4//SEC Filing
Schnopp Stefan Kurt 4
Accession 0000899243-23-009519
CIK 0001723580other
Filed
Mar 22, 8:00 PM ET
Accepted
Mar 23, 4:15 PM ET
Size
9.8 KB
Accession
0000899243-23-009519
Insider Transaction Report
Form 4
Schnopp Stefan Kurt
See Remarks
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-03-21−4,375→ 83,750 total→ Common Stock (4,375 underlying) - Exercise/Conversion
Common Stock
2023-03-21+4,375→ 112,603 total - Tax Payment
Common Stock
2023-03-21$1.20/sh−1,067$1,280→ 111,536 total
Footnotes (3)
- [F1]The shares are part of a grant of 35,000 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 in four annual installments of 8,750 restricted stock units each, beginning January 3, 2023, subject to the Reporting Person's achievement of certain key performance criteria and earlier vesting due to a change of control or certain termination events. On January 3, 2023, a determination regarding satisfaction of the key performance criteria with respect to the portion of the award eligible to vest on such date had not yet been made. On March 21, 2023, 50% of such portion vested based on the extent of achievement of the Reporting Person's key performance criteria and the remaining 50% was forfeited.
- [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.
Documents
Issuer
BurgerFi International, Inc.
CIK 0001723580
Entity typeother
Related Parties
1- filerCIK 0001902714
Filing Metadata
- Form type
- 4
- Filed
- Mar 22, 8:00 PM ET
- Accepted
- Mar 23, 4:15 PM ET
- Size
- 9.8 KB