Brian R. Kahn - 05 Mar 2022 Form 4 Insider Report for Franchise Group, Inc. (TAX)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
Brian R. Kahn
Issuer symbol
TAX
Transactions as of
05 Mar 2022
Net transactions value
-$205,232
Form type
4
Filing time
09 Mar 2022, 15:30:05 UTC
Previous filing
24 Feb 2022
Next filing
11 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRG Common Stock Options Exercise +20,161 +1.5% 1,362,949 05 Mar 2022 Direct F1, F3
transaction FRG Common Stock Tax liability $205,232 -4,904 -0.36% $41.85 1,358,045 05 Mar 2022 Direct 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 FRG Restricted Stock Units Options Exercise $0 -20,161 -50% $0.000000 20,161 05 Mar 2022 Common Stock 20,161 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
F2 The restricted stock unit award was granted on March 5, 2020 and one-third of the restricted stock units vested on March 5, 2022.
F3 Represents the conversion upon vesting of restricted stock units into Common Stock. On March 5, 2020, the reporting person was granted 60,484 restricted stock units, of which one-third of the shares subject to the restricted stock units vested on March 5, 2022. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on March 9, 2020.
F4 Reflects 4904 shares withheld by Issuer at market price of $41.85 per share to fund the payment of taxes for the conversion.