Cardboard Box LLC - Jan 21, 2022 Form 4 Insider Report for BurgerFi International, Inc. (BFI)

Role: 10%+ Owner
Signature: /s/ Matthew Leeds, for Cardboard Box LLC, By: Matthew Leeds, its Vice President
Stock symbol: BFI
Transactions as of: Jan 21, 2022
Transactions value $: $1,262,093
Form type: 4
Date filed: 3/22/2022, 05:09 PM
Previous filing: Nov 15, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFI	Common Stock	Other	$1.26M	+123K	+4.17%	$10.25^*	3.08M	Jan 21, 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The shares were acquired pursuant to the Stock Purchase Agreement dated November 3, 2021, by and between Cardboard Box LLC, Hot Air, Inc. and the Issuer (the "Stock Purchase Agreement") pursuant to an adjustment to the consideration based on Leakage (as defined in the Stock Purchase Agreement).

Remarks:

The securities are directly held by Cardboard Box LLC ("Cardboard Box"). CP7 Warming Bag, L.P. ("CP7 Warming Bag") serves as the majority member of Cardboard Box. CP7 Management, LLC ("CP7 Management") is the general partner of CP7 Warming Bag, and Scott Dahnke and J. Michael Chu are the managing members of CP7 Management. Each of the Reporting Persons disclaim, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of his or its indirect pecuniary interest therein, and this report shall not be deemed an admission that they are the beneficial owner of such securities for purposes of Section 16 or for any other purposes.