Michael F. Burns Jr - Jun 11, 2022 Form 4 Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)

Role
EVP & COO
Signature
Steven D. Davidson as Attorney-in-Fact for Michael F. Burns, Jr.
Stock symbol
RAVE
Transactions as of
Jun 11, 2022
Transactions value $
$0
Form type
4
Date filed
6/14/2022, 03:13 PM
Next filing
Sep 27, 2023

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
transaction RAVE Restricted Stock Units Award $0 +60K $0.00 60K Jun 11, 2022 Common Stock Direct F1
holding RAVE Restricted Stock Units 53.7K Jun 11, 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 received 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.