Allison Greenfield - 31 Dec 2021 Form 4 Insider Report for BurgerFi International, Inc.

Role
Director
Signature
/s/ Allison Greenfield
Issuer symbol
N/A
Transactions as of
31 Dec 2021
Net transactions value
$0
Form type
4
Filing time
04 Jan 2022, 20:27:57 UTC
Previous filing
23 Dec 2021
Next filing
04 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFI Common Stock Options Exercise +5,000 +33% 20,000 31 Dec 2021 Direct F1, F2
holding BFI Common Stock underlying Units 4,616 31 Dec 2021 See Footnote F3, F4
holding BFI Common Stock 5,384 31 Dec 2021 See Footnote F4

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 Options Exercise $0 -5,000 -100% $0.000000* 0 31 Dec 2021 Common Stock 5,000 Direct F1, F2
transaction BFI Restricted Stock Units Award $0 +26,455 $0.000000 26,455 03 Jan 2022 Common Stock 26,455 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 13, 2021, the Reporting Person was granted 5,000 restricted stock units under the issuer's 2020 Omnibus Equity Incentive Plan, which restricted stock units vested on December 31, 2021 and will be settled in shares of common stock.
F2 Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.
F3 Each Unit consists of one share of common stock and one warrant exercisable to purchase one share of common stock at an exercise price of $11.50 per share.
F4 Represents shares owned by Leviathan Group, LLC. Ms. Greenfield has voting and dispositive power over the shares and a pecuniary interest in the shares.
F5 On January 3, 2022, the Reporting Person was granted 26,455 restricted stock units under the issuer's 2020 Omnibus Equity Incentive Plan, which shall vest and be settled in shares of common stock on December 31, 2022, subject to the Reporting Person's continuous service as a director of BurgerFi International, Inc. until such time and earlier vesting due to a change of control.

Remarks:

EXHIBIT LIST: Exhibit 24 - Power of Attorney