Howard Lorber - Dec 8, 2024 Form 4 Insider Report for NATHANS FAMOUS, INC. (NATH)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Howard Lorber
Stock symbol
NATH
Transactions as of
Dec 8, 2024
Transactions value $
-$436,988
Form type
4
Date filed
12/10/2024, 04:05 PM
Previous filing
Nov 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NATH Common Stock Options Exercise +10K +1.41% 720K Dec 8, 2024 Direct F1
transaction NATH Common Stock Tax liability -$437K -5.11K -0.71% $85.60 715K Dec 8, 2024 Direct
holding NATH Common Stock 20.3K Dec 8, 2024 Lorber Gamma LP F3
holding NATH Common Stock 250K Dec 8, 2024 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 -25% $0.00 30K Dec 8, 2024 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.