BURNS MICHAEL F JR 4
4 · RAVE RESTAURANT GROUP, INC. · Filed Oct 18, 2023
Insider Transaction Report
Form 4
BURNS MICHAEL F JR
Chief Operating Officer
Transactions
- Disposition to Issuer
RESTRICTED STOCK UNITS
2023-10-16−53,663→ 0 totalFrom: 2023-10-15Exp: 2023-10-15→ COMMON STOCK (60,372 underlying) - Tax Payment
COMMON STOCK
2023-10-16$1.99/sh−18,112$36,043→ 42,260 total - Exercise/Conversion
COMMON STOCK
2023-10-16+42,260→ 42,260 total
Footnotes (2)
- [F1]Reflects the shares of Common Stock (a) issued on October 16, 2023, after vesting of restricted stock units awarded under the Issuer's 2015 Long Term Incentive Plan pursuant to completion of the requirements and performance criteria set forth in such plan, (b) net of the Issuer's retention of 8,741 shares the Reporting Person had the right to receive for tax withholding purposes pursuant to the plan based on the closing price of the Issuer's Common Stock on October 13, 2023.
- [F2]Reflects restricted stock units representing the right to receive shares of Common Stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on multiple financial metrics.