Sarlls Robert J 4
4 · Rocky Mountain Chocolate Factory, Inc. · Filed Jul 20, 2023
Insider Transaction Report
Form 4
Sarlls Robert J
DirectorChief Executive Officer
Transactions
- Purchase
Common Stock
2023-07-18$5.40/sh+297$1,604→ 5,497 total
Holdings
- 27,668
Non-qualified stock option
Exercise: $6.38Exp: 2032-05-09→ Common Stock (27,668 underlying) - 55,336
Restricted Stock Units
→ Common Stock (55,336 underlying)
Footnotes (4)
- [F1]Stock Option granted under the Company's 2007 Equity Incentive Plan (as amended) and becomes exercisable with respect to 1/3 of the shares on 02/28/2023 and 1/12 quarterly thereafter until fully exercisable on 02/28/2025.
- [F2]Each restricted stock unit represents a contingent right to receive one share of RMCF common stock.
- [F3]Restricted stock units granted under the Company's 2007 Equity Incentive Plan (as amended) that vest upon RMCF's common stock achieving a specific level of total shareholder return ("TSR") for a performance period ending on 02/28/2025.
- [F4]Reported number of shares represents the maximum number of shares that may be issued pursuant to these restricted stock units.