David Kanen - May 2, 2023 Form 4 Insider Report for ONE Group Hospitality, Inc. (STKS)

Role: Other*, 10%+ Owner
Signature: /s/ David Kanen
Stock symbol: STKS
Transactions as of: May 2, 2023
Transactions value $: $203,750
Form type: 4
Date filed: 5/4/2023, 08:19 PM
Previous filing: Apr 4, 2023
Next filing: May 11, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STKS	Common Stock, par value $0.0001	Exercise of in-the-money or at-the-money derivative security	$204K	+125K	+6.78%	$1.63^*	1.97M	May 2, 2023	Philotimo Fund, LP	F1, F2
holding	STKS	Common Stock, par value $0.0001						20.2K	May 2, 2023	Direct	F1
holding	STKS	Common Stock, par value $0.0001						2.49M	May 2, 2023	Kanen Wealth Management LLC	F1, F3
holding	STKS	Common Stock, par value $0.0001						122K	May 2, 2023	Philotimo Focused Growth & Income Fund	F1, 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	STKS	Warrants (right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-125K	-100%	$0.00^*	0	May 2, 2023	Common Stock, par value $0.0001	125K	$1.63	Philotimo Fund, LP	F1, F2, F5

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

Explanation of Responses:

Id	Content
F1	This Form 4 is filed jointly by David Kanen, Kanen Wealth Management, LLC ("KWM"), Philotimo Fund, LP, and Philotimo Focused Growth and Income Fund (collectively, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
F2	Securities directly beneficially owned by Philotimo Fund, LP. KWM, as the general partner of Philotimo Fund, LP, and Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the securities owned by Philotimo Fund, LP.
F3	Securities directly beneficially owned by KWM. Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the securities owned by KWM.
F4	Securities directly beneficially owned by Philotimo Focused Growth and Income Fund. KWM, as the investment manager of Philotimo Focused Growth and Income Fund, and Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the securities owned by Philotimo Focused Growth and Income Fund.
F5	Immediately exercisable.