Brandon Solano - 10 May 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
Issuer symbol: RAVE
Transactions as of: 10 May 2022
Net transactions value: +$21,250
Form type: 4
Filing time: 12 May 2022, 12:20:13 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	$21,250	+25,000	+63%	$0.8500	64,669	10 May 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						443,625	10 May 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.