Brandon Solano - May 10, 2022 Form 4 Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)

Role
President & CEO
Signature
Steven D. Davidson as Attorney-In-Fact for Brandon Solano
Stock symbol
RAVE
Transactions as of
May 10, 2022
Transactions value $
$21,250
Form type
4
Date filed
5/12/2022, 12:20 PM
Next filing
Jun 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RAVE Common Stock Purchase $21.3K +25K +63.02% $0.85 64.7K May 10, 2022 Direct

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 444K May 10, 2022 Common Stock Direct F1
* 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 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.