Solano Brandon 4
4 · RAVE RESTAURANT GROUP, INC. · Filed Oct 17, 2024
Insider Transaction Report
Form 4
Solano Brandon
Chief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2024-10-15+125,000→ 595,151 total - Disposition to Issuer
Restricted Stock Units
2024-10-15+262,500→ 0 totalFrom: 2024-10-15Exp: 2024-10-15→ Common Stock (198,414 underlying) - Tax Payment
Common Stock
2024-10-15$2.65/sh−73,414$194,547→ 595,151 total
Footnotes (2)
- [F1]Reflects the shares of Common Stock (a) issue on October 15, 2024, after vesting of restricted stock units awarded under the Issuer's 2015 Long Term Incentive Plan pursuant to completikon of th requiremnets and performance criteria set forth in such plan, (b) net of the Issuer's retention of 73,414 shares the Reporting Person had the right to recive for tax withholding pruposes pursuant to the plan based on the closing price of the Issuer's Common Stock on October 14, 2024.
- [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.