Howard M. Lorber - Dec 8, 2023 Form 4 Insider Report for NATHANS FAMOUS, INC. (NATH)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ Howard M. Lorber
Stock symbol: NATH
Transactions as of: Dec 8, 2023
Transactions value $: -$362,404
Form type: 4
Date filed: 12/12/2023, 04:05 PM
Previous filing: Aug 23, 2023
Next filing: Dec 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NATH	Common Stock	Options Exercise		+10K	+1.42%		715K	Dec 8, 2023	Direct	F1
transaction	NATH	Common Stock	Tax liability	-$362K	-5.11K	-0.71%	$70.99	710K	Dec 8, 2023	Direct
holding	NATH	Common Stock						20.3K	Dec 8, 2023	Lorber Gamma LP	F3
holding	NATH	Common Stock						250K	Dec 8, 2023	Lorber Alpha II LP	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	NATH	Restricted Stock Units	Options Exercise	$0	-10K	-20%	$0.00	40K	Dec 8, 2023	Common Stock	10K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	On December 8, 2022, the reporting person was granted 50,000 restricted stock units, vesting in five equal annual installments beginning on the first anniversary of the grant date.
F3	Represents shares owned by the Lorber Gamma LP (the "Lorber LP"). Mr. Lorber serves as the Managing Member of the Lorber LP's general partner and as such has voting and dispositive power with respect to such shares.
F4	Represents shares owned by the Lorber Alpha II LP (the "Lorber II LP"). Mr. Lorber serves as the Managing Member of the Lorber II LP's general partner and as such has voting and dispositive power with respect to such shares.