LUMPKIN STEVE 4

What Happened
Director Steve Lumpkin received a grant of 31,662 restricted stock units (RSUs) from Red Robin Gourmet Burgers, Inc. on 2026-05-14. The award was reported as an acquisition at a $0 per-share price (total $0). The RSUs are time-based and subject to vesting and forfeiture restrictions.

Key Details

• Transaction date: 2026-05-14 (filed 2026-05-15 — timely filing).
• Security and amount: 31,662 restricted stock units (RSUs) granted; reported acquisition code A.
• Price: $0.00 per unit (no cash paid by the insider).
• Vesting: Units vest on the later of (x) fifty weeks after grant and (y) the Company’s next annual meeting of stockholders.
• Nature of units: Each RSU represents the contingent right to receive one share upon vesting. Includes 31,662 time-based RSUs subject to forfeiture.
• Ownership vehicle: Shares/units are held indirectly through the Steven K. Lumpkin Trust U/A.
• Shares owned after transaction: Not specified in the provided filing.

Context
RSU grants to directors are a common form of compensation and do not involve an immediate cash purchase or sale. Because the units are subject to vesting and forfeiture, they do not convey full ownership until vested; they should be viewed as compensation rather than a direct bullish purchase signal.