Julio A. Ramirez - 13 Jul 2021 Form 4 Insider Report for BurgerFi International, Inc.

Role: Chief Executive Officer
Signature: /s/ Julio A. Ramirez
Issuer symbol: N/A
Transactions as of: 13 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 15 Jul 2021, 19:16:36 UTC
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BFI	Restricted Stock Units	Award	$0	+161,000		$0.000000	161,000	13 Jul 2021	Common Stock	161,000		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.
F2	On July 13 ,2021, the Reporting Person was granted 250,000 restricted stock units under the issuer's 2020 Omnibus Equity Incentive (the "Plan"), which shall vest and be settled in shares of common stock in five installments as follows; provided, however, that 36% (89,000 shares) of the total restricted stock units will not be issued (deemed or otherwise) under the Plan until the aggregate number of shares reserved for Awards under the Plan is increased consistent with Section 5.1 of the Plan: 20%, or the full 250,000 restricted stock units or 32,200 of the 161,000 restricted stock units, shall vest annually beginning December 16, 2021, subject to the Reporting Person's achievement of certain key performance criteria and earlier vesting due to a change of control or certain termination events.

Content

Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.

On July 13 ,2021, the Reporting Person was granted 250,000 restricted stock units under the issuer's 2020 Omnibus Equity Incentive (the "Plan"), which shall vest and be settled in shares of common stock in five installments as follows; provided, however, that 36% (89,000 shares) of the total restricted stock units will not be issued (deemed or otherwise) under the Plan until the aggregate number of shares reserved for Awards under the Plan is increased consistent with Section 5.1 of the Plan: 20%, or the full 250,000 restricted stock units or 32,200 of the 161,000 restricted stock units, shall vest annually beginning December 16, 2021, subject to the Reporting Person's achievement of certain key performance criteria and earlier vesting due to a change of control or certain termination events.