4//SEC Filing
Sternberg Ophir 4
Accession 0000950170-24-001152
CIK 0001723580other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 5:23 PM ET
Size
9.8 KB
Accession
0000950170-24-001152
Insider Transaction Report
Form 4
Sternberg Ophir
Director
Transactions
- Exercise/Conversion
Common Stock
2024-01-01+50,000→ 1,555,956 total - Exercise/Conversion
Restricted Stock Units
2024-01-01−50,000→ 470,000 total→ Common Stock (50,000 underlying)
Holdings
- 1,878,725(indirect: By LLC)
Common Stock
- 150,000(indirect: By LLC)
Common Stock underlying Units
Footnotes (4)
- [F1]The shares are part of a grant of 250,000 restricted stock units made, for financial reporting purposes, on December 16, 2020, under the issuer's 2020 Omnibus Equity Incentive Plan. The legal grant date of the restricted stock units was July 13, 2021, the date that applicable grant award agreements were executed by the issuer and the Reporting Person. The restricted stock units shall vest and be settled in shares of common stock as follows: 20%, or 50,000 restricted stock units, vested on the grant date for financial reporting purposes, an additional 20%, or 50,000 restricted stock units, vested on each of January 1, 2022, January 1, 2023 and January 1, 2024 and an additional 20%, or 50,000 restricted stock units, shall vest on January 1, 2025 subject to the Reporting Person remaining employed by the issuer on such date and earlier vesting due to a change of control or certain termination or resignation events.
- [F2]Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.
- [F3]The Reporting Person, as manager and sole member of Lionheart Equities, LLC, has sole voting and dispositive control over the holdings.
- [F4]Each Unit consists of one share of common stock and one warrant exercisable to purchase one share of common stock at an exercise price of $11.50 per share.
Documents
Issuer
BurgerFi International, Inc.
CIK 0001723580
Entity typeother
Related Parties
1- filerCIK 0001793414
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 5:23 PM ET
- Size
- 9.8 KB