Eric F. Seeton - 05 Mar 2022 Form 4 Insider Report for Franchise Group, Inc. (TAX)

Role: Chief Financial Officer
Signature: Eric F. Seeton
Issuer symbol: TAX
Transactions as of: 05 Mar 2022
Net transactions value: -$85,458
Form type: 4
Filing time: 09 Mar 2022, 15:33:11 UTC
Previous filing: 24 Feb 2022
Next filing: 05 Oct 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		+6,720	+26%		32,131	05 Mar 2022	Direct	F1, F3
transaction	FRG	Common Stock	Tax liability	$85,458	-2,042	-6.4%	$41.85	30,089	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	-6,720	-50%	$0.000000	6,720	05 Mar 2022	Common Stock	6,720		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 20,161 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 2,042 shares withheld by Issuer at market price of $41.85 per share to fund the payment of taxes for the conversion.