Robert P. Stiller - May 10, 2021 Form 4 Insider Report for NOBLE ROMANS INC (NROM)

Role: 10%+ Owner
Signature: /s/ Stephen Magowan, Attorney-in-fact for Robert P. Stiller
Stock symbol: NROM
Transactions as of: May 10, 2021
Transactions value $: -$22,934
Form type: 4
Date filed: 5/12/2021, 04:01 PM
Next filing: May 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NROM	Common Stock	Sale	-$2.05K	-4.85K	-0.17%	$0.42	2.84M	May 10, 2021	Direct	F1
transaction	NROM	Common Stock	Sale	-$20.9K	-52K	-1.83%	$0.40	2.79M	May 11, 2021	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.4216 to $0.4252. The undersigned undertakes to provide Noble Romans Inc. ("Noble"), any security holder of Noble or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.4000 to $0.4175. The undersigned undertakes to provide Noble, any security holder of Noble or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.4216 to $0.4252. The undersigned undertakes to provide Noble Romans Inc. ("Noble"), any security holder of Noble or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.4000 to $0.4175. The undersigned undertakes to provide Noble, any security holder of Noble or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.