Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BFI | Common Stock | Purchase | $50K | +100K | +32.34% | $0.50 | 409K | Feb 24, 2023 | Direct | |
transaction | BFI | Common Stock | Options Exercise | +42K | +10.26% | 451K | Feb 26, 2023 | Direct | F1, F2 | ||
transaction | BFI | Common Stock | Tax liability | -$27.1K | -16.5K | -3.66% | $1.64 | 435K | Feb 26, 2023 | Direct | F3 |
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 | -42K | -20.49% | $0.00 | 163K | Feb 26, 2023 | Common Stock | 42K | Direct | F1, F2 |
Id | Content |
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F1 | The shares are part of a grant of 130,000 restricted stock units made on July 13, 2021 under the issuer's 2020 Omnibus Equity Incentive Plan (the "Plan"). The restricted stock units shall vest and be settled in shares of common stock in annual installments of 25,000 restricted stock units on February 26, 2022, 30,000 restricted stock units on February 26, 2023, 35,000 restricted stock units on February 26, 2023 and 40,000 restricted stock units on February 26, 2023, subject to the Reporting Person's achievement of certain key performance criteria and earlier vesting due to a change of control or certain termination or resignation events. On February 26, 2023, 40% of the portions eligible to vest on February 26, 2023 (the "2023 Portions") vested based on achievement of one of the Reporting Person's key performance criteria. A determination regarding satisfaction of the remaining key performance criteria with respect to the 2023 Portions has not yet been made. |
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. |
Exhibit 24 - Power of Attorney for Michael Rabinovitch previously filed on 01/05/2022.