Karl Goodhew - 29 Apr 2022 Form 4 Insider Report for BurgerFi International, Inc.

Role
Chief Technology Officer
Signature
/s/ Stefan Schnopp, as Attorney-in-Fact for Karl Goodhew
Issuer symbol
N/A
Transactions as of
29 Apr 2022
Net transactions value
-$5,944
Form type
4
Filing time
03 May 2022, 16:15:41 UTC
Previous filing
05 Jan 2022
Next filing
28 Feb 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 +4,375 +11% 42,937 29 Apr 2022 Direct F1, F2
transaction BFI Common Stock Tax liability $5,944 -1,585 -3.7% $3.75 41,352 29 Apr 2022 Direct F3

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 -4,375 -14% $0.000000 26,250 29 Apr 2022 Common Stock 4,375 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are part of a grant of 35,000 restricted stock units made on August 20, 2021 under the issuer's 2020 Omnibus Equity Incentive Plan, which shall vest and be settled in shares of common stock in four annual installments of 8,750 restricted stock units each, beginning April 29, 2022, 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. On April 13, 2022, the Compensation Committee of the Board of Directors of the issuer approved of the vesting of 4,375 of the restricted stock units in the first installment, effective April 29, 2022, based on the extent of achievement of the Reporting Person's key performance criteria. The remainder of the first installment was forfeited effective April 29, 2022.
F2 Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.
F3 Shares disposed of represent shares withheld by the issuer to pay taxes due upon vesting of restricted stock units.

Remarks:

EXHIBIT LIST: Exhibit 24 - Power of Attorney