Nathans Famous: director Raich Charles sold 60,920 shares

What happened

• The filing reports that Raich Charles, a director, disposed of a total of 60,920 shares on Oct 26, 2026. The filing shows 45,920 shares were disposed to the issuer with no price reported and 15,000 shares were disposed at $102.00 per share for $1,530,000 (derivative transaction).
• The filing also reports that an outstanding option was cancelled in exchange for a cash payment of $412,950.

Key details

• Transaction date and prices: Oct 26, 2026 — 45,920 shares disposed to issuer (no price reported); 15,000 shares disposed at $102.00 per share for $1,530,000.
• Shares owned after the transactions: the filing states each outstanding share of common stock was cancelled and converted into the right to receive $102.00 per share under the merger agreement, eliminating the outstanding common shares following the closing.
• Relevant footnotes: (F1) transactions were consummated at closing of the merger under the merger agreement, which cancelled and converted common stock into cash; (F2) the option was cancelled at closing and exchanged for a cash payment of $412,950.
• Filing date and timeliness: filed Oct 26, 2026; the filing reports transactions on Oct 26, 2026 and does not indicate a late filing.

Why it may matter

• The 15,000-share disposition was a derivative transaction tied to the merger consideration; the option was cancelled for cash rather than resulting in a market sale of option shares.
• The filing does not show why the insider traded or why the company acted.