Nathan's Famous: director Attilio Petrocelli sold 65,000 shares

What happened

• Attilio Petrocelli, a director, reported dispositions totaling 65,000 shares on Oct 26, 2026: 50,000 shares disposed to the issuer (price reported as N/A) and 15,000 shares disposed at $102.00 per share for a total of $1,530,000.
• The filing also reports a cash payment of $412,950 related to an option cancellation (per footnote).

Key details

• Transaction date and prices: Oct 26, 2026; 15,000 shares at $102.00; 50,000 shares disposed to issuer at N/A.
• Shares owned after the transaction: common stock was cancelled upon the closing of the merger (see footnote).
• Footnotes: F1 — closing of a merger converting each outstanding share into the right to receive $102.00 in cash; F2 — an option was cancelled in exchange for a cash payment of $412,950 (difference between option exercise price and $102.00 times the shares issuable).
• Filing date: Oct 26, 2026 (no late filing indicated in the provided filing).

Why it may matter

• The 15,000-share disposition was settled at $102.00 per share; the transactions were dispositions to the issuer in connection with the merger, not open-market sales.
• The option was cancelled for a cash payment of $412,950 rather than exercised into ongoing equity.
• A filing does not show why the insider traded or why the company acted.