Clinton Dayne Fendley - 10 May 2022 Form 4 Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)

Role: Chief Financial Officer
Signature: Steven D. Davidson as Attorney-In-Fact for Clinton Dayne Fendley
Issuer symbol: RAVE
Transactions as of: 10 May 2022
Net transactions value: +$25,199
Form type: 4
Filing time: 11 May 2022, 14:23:23 UTC
Next filing: 14 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RAVE	Common Stock	Purchase	$25,199	+28,700	+52%	$0.8780	84,416	10 May 2022	Direct	F1

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
holding	RAVE	Restricted Stock Units						25,900	10 May 2022	Common Stock			Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents the weighted average purchase price of transactions effected at prices ranging from $0.86 per share to $0.88 per share. Upon written request by the SEC, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price.
F2	Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on multiple financial metrics which, if at least minimum criteria are achieved, may yield from 50% to 150% of a share of common stock per restricted stock unit.