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

Role
10%+ Owner
Signature
/s/ Matthew Leeds, for Cardboard Box LLC, By: Matthew Leeds, its Vice President
Issuer symbol
N/A
Transactions as of
21 Jan 2022
Net transactions value
+$1,262,093
Form type
4
Filing time
22 Mar 2022, 17:09:25 UTC
Previous filing
15 Nov 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BFI Common Stock Other $1,262,093 +123,131 +4.2% $10.25* 3,076,031 21 Jan 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.