Mark E. Schwarz - May 31, 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
Stock symbol
RAVE
Transactions as of
May 31, 2022
Transactions value $
$1,049
Form type
4
Date filed
6/2/2022, 05:36 PM
Previous filing
May 26, 2022
Next filing
Jun 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RAVE Common Stock Purchase $1.05K +1.18K +0.04% $0.89 3.08M May 31, 2022 Shares directly owned by Newcastle Partners, L.P. F1
holding RAVE Common Stock 141K May 31, 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 Director Stock Option (right to buy) 40K May 31, 2022 Common Stock 40K $3.95 Direct
holding RAVE Director Stock Option (right to buy) 15K May 31, 2022 Common Stock 15K $3.11 Direct
* 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 to beneficially own all shares held by any of the Trust, NCMS, NCG, NCM or NP.