Christopher Emlyn Jones - Jul 10, 2023 Form 4 Insider Report for BurgerFi International, Inc. (BFI)

Role
Chief Financial Officer
Signature
/s/ Stefan Schnopp, as Attorney-in-Fact for Christopher Emlyn Jones
Stock symbol
BFI
Transactions as of
Jul 10, 2023
Transactions value $
$0
Form type
4
Date filed
7/12/2023, 04:15 PM
Previous filing
Dec 13, 2022
Next filing
Apr 11, 2024

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 +200K $0.00 200K Jul 10, 2023 Common Stock 200K Direct F1, F2
transaction BFI Restricted Stock Units Award $0 +200K +100% $0.00 400K Jul 10, 2023 Common Stock 200K Direct F1, F3
* 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 10, 2023, the Reporting Person was granted 200,000 restricted stock units outside of the issuer's 2020 Omnibus Equity Incentive Plan as a material inducement to the Reporting Person's acceptance of employment with the issuer in accordance with Nasdaq Listing Rule 5635(c)(4). The restricted stock units shall vest in five annual installments of 40,000 restricted stock units each, beginning March 29, 2024, subject to the Reporting Person remaining continuously employed by the issuer at the time of vesting and earlier vesting due to a change of control or certain termination events.
F3 On July 10, 2023, the Reporting Person was granted 200,000 restricted stock units outside of the issuer's 2020 Omnibus Equity Incentive Plan as a material inducement to the Reporting Person's acceptance of employment with the issuer in accordance with Nasdaq Listing Rule 5635(c)(4). The restricted stock units shall vest in five annual installments of 40,000 restricted stock units each, beginning March 29, 2024, subject to achievement of certain key performance criteria, the Reporting Person remaining continuously employed by the issuer at the time of vesting and earlier vesting due to a change of control or certain termination events.