Allison Greenfield - Dec 31, 2023 Form 4 Insider Report for BurgerFi International, Inc. (BFI)

Role
Director
Signature
/s/ Allison Greenfield
Stock symbol
BFI
Transactions as of
Dec 31, 2023
Transactions value $
-$24,753
Form type
4
Date filed
1/3/2024, 09:07 PM
Previous filing
Jan 4, 2023
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFI Common Stock Options Exercise +79.4K +206.05% 118K Dec 31, 2023 Direct F1, F2
transaction BFI Common Stock Tax liability -$24.8K -27K -22.89% $0.92 90.9K Dec 31, 2023 Direct F3
holding BFI Common Stock underlying Units 4.62K Dec 31, 2023 See Footnote F4, F5
holding BFI Common Stock 5.38K Dec 31, 2023 See Footnote F5

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 -79.4K -100% $0.00* 0 Dec 31, 2023 Common Stock 79.4K Direct F1, F2
transaction BFI Restricted Stock Units Award $0 +109K $0.00 109K Jan 2, 2024 Common Stock 109K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 3, 2023, the Reporting Person was granted 108,696 restricted stock units under the issuer's 2020 Omnibus Equity Incentive Plan (the "Plan"), which restricted stock units vested on December 31, 2023 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 Shares disposed of represent shares withheld by the issuer to pay taxes due upon vesting of restricted stock units.
F4 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.
F5 Represents shares owned by Leviathan Group, LLC. Ms. Greenfield has voting and dispositive power over the shares and a pecuniary interest in the shares.
F6 On January 2, 2024, the Reporting Person was granted 108,696 restricted stock units under the Plan, which shall vest and be settled in shares of common stock on December 31, 2024, 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.