Mark E. Schwarz - 16 May 2022 Form 4 Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)

Role: Chairman, Director, 10%+ Owner
Signature: Steven D. Davidson as Attorney-In-Fact for each Reporting Person
Issuer symbol: RAVE
Transactions as of: 16 May 2022
Net transactions value: +$32,222
Form type: 4
Filing time: 18 May 2022, 20:05:18 UTC
Previous filing: 12 May 2022
Next filing: 23 May 2022
SEC: View on sec.gov

Key filing fact

Mark E. Schwarz filed Form 4 for RAVE RESTAURANT GROUP, INC. (RAVE) on 18 May 2022.

Key facts

This page summarizes Mark E. Schwarz's Form 4 filing for RAVE RESTAURANT GROUP, INC. (RAVE).
3 reported transactions and 2 derivative rows are listed below.
Filing timestamp: 18 May 2022, 20:05.

Change

Previous filing in this sequence was filed on 12 May 2022.
Current net transaction value: +$32,222.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

RAVE transaction

Common Stock

Purchase

Transaction value: $16,524
Shares: +18,777
Change %: +0.63%
Price: $0.8800
Shares after: 3,010,431
Date: 16 May 2022
Ownership: Directly owned by by Newcastle Partners, L.P.
Footnotes: F1

RAVE transaction

Common Stock

Purchase

Transaction value: $6,840
Shares: +7,600
Change %: +0.25%
Price: $0.9000
Shares after: 3,018,031
Date: 17 May 2022
Ownership: Directly owned by by Newcastle Partners, L.P.
Footnotes: F1

RAVE transaction

Common Stock

Purchase

Transaction value: $8,859
Shares: +9,843
Change %: +0.33%
Price: $0.9000
Shares after: 3,027,874
Date: 18 May 2022
Ownership: Directly owned by by Newcastle Partners, L.P.
Footnotes: F1

RAVE holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 140,691
Date: 16 May 2022
Ownership: Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

RAVE holding Derivative

Director Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 40,000
Date: 16 May 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 40,000
Exercise price: $3.95

RAVE holding Derivative

Director Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 15,000
Date: 16 May 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 15,000
Exercise price: $3.11

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

Explanation of Responses:

Id	Content
F1	Mr. Schwarz is the sole trustee of the Schwarz 2012 Family Trust (the "Trust") and a director and officer of NCM Services, Inc. ("NCMS"). The Trust is the sole shareholder of NCMS, which is the sole member of Newcastle Capital Group, L.L.C. ("NCG"), which is the general partner of Newcastle Capital Management, L.P. ("NCM"), which is the general partner of Newcastle Partners, L.P. ("NP"). Accordingly, Mr. Schwarz may be deemed the beneficial owner of all shares held by any of the Trust, NCMS, NCG, NCM or NP.

Content

Mr. Schwarz is the sole trustee of the Schwarz 2012 Family Trust (the "Trust") and a director and officer of NCM Services, Inc. ("NCMS"). The Trust is the sole shareholder of NCMS, which is the sole member of Newcastle Capital Group, L.L.C. ("NCG"), which is the general partner of Newcastle Capital Management, L.P. ("NCM"), which is the general partner of Newcastle Partners, L.P. ("NP"). Accordingly, Mr. Schwarz may be deemed the beneficial owner of all shares held by any of the Trust, NCMS, NCG, NCM or NP.