Pappas James C 4

What Happened

• James C. Pappas, reported as a 10% owner of Red Robin Gourmet Burgers, received a grant of 31,662 restricted stock units (RSUs) on 2026-05-14. The filing shows an acquisition price of $0.00 (award/grant), so no cash was paid. Each RSU represents the contingent right to receive one share of common stock upon vesting. The units are subject to vesting and forfeiture and are scheduled to vest on the later of (a) fifty weeks after the grant date and (b) the Company's next annual meeting of stockholders.

Key Details

• Transaction date: 2026-05-14; Form 4 filed 2026-05-15 (timely).
• Transaction type/code: Award/Grant (A).
• Amount: 31,662 RSUs @ $0.00 reported.
• Vesting: Time-based; vests on later of ~50 weeks post-grant and next annual meeting.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes: F2 confirms these are time-based RSUs subject to forfeiture. F3–F5 explain beneficial ownership structure—Pappas disclaims beneficial ownership except to the extent of his pecuniary interest and may be deemed to beneficially own shares held by JCP-managed accounts and partnerships.

Context

• RSUs are a grant, not an open-market purchase or sale; they convert into shares only if and when they vest, so there's no immediate change in tradable shares. As a 10% owner, this report reflects a company grant to an owner/manager-linked party rather than a standard insider buy or sell. The filing is timely and factual; it does not by itself indicate the insider’s view of the stock.