Herbst Marcel 4
4 · NOBLE ROMANS INC · Filed Sep 14, 2021
Insider Transaction Report
Form 4
NOBLE ROMANS INCNROM
Herbst Marcel
Director
Transactions
- Sale
Common Stock
2021-09-09$0.64/sh−4,999$3,199→ 246,000 total(indirect: footnote) - Sale
Common Stock
2021-09-07$0.65/sh−8,626$5,605→ 250,999 total(indirect: footnote)
Footnotes (1)
- [F1]60000 shares are held in the account of Herbst Capital Management, LLC. (the ""fund"") for which Herbst Capital Partners, LLC (the ""General Partner"") serves as its manager. Marcel Herbst is the General Manager of Herbst Capital Partners, LLC and also serves as the Portfolio Manager of Herbst Capital Management, LLC. Mr. Herbst may be deemed to beneficially own these securities held by the fund by virtue of the General Partner's position in the fund and Mr. Herbst's status as the general manager of the General Partner and his status as portfolio manager of the fund. 10000 shares are held direct. 176000 shares are held in individual client accounts over which Marcel Herbst has discretionary trading authority. By virtue of this discretionary trading authority, these shares can be deemed beneficially owned"