Form 4 for RAVE RAVE RESTAURANT GROUP, INC.
Accepted 2023-10-18 00:00:00 ET · period of report 2023-10-16 · accession 0001683168-23-007247 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-10-18 | 2023-10-16 | RAVE | BURNS MICHAEL F JR | COO | M - OptEx | $0.00 | +42.3K | 42.3K | New | $0 |
| D | 2023-10-18 | 2023-10-16 | RAVE | BURNS MICHAEL F JR | COO | F - Tax | $1.99 | -18.1K | 42.3K | -30% | -$36.0K |
| D | 2023-10-18 | 2023-10-16 | RAVE | BURNS MICHAEL F JR | COO | D - Sale to Iss | — | -53.7K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | COMMON STOCK | 2023-10-16 | M | A | 42,260 | $0.00 | 42,260 | D | — | — | (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. |
| 2 | Common | COMMON STOCK | 2023-10-16 | F | D | 18,112 | $1.99 | 42,260 | D | — | — | (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. |
| 3 | Derivative | RESTRICTED STOCK UNITS | 2023-10-16 | D | D | 53,663 | — | 0 | D | — · 2023-10-15 to 2023-10-15 | 60,372 COMMON STOCK | (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. |