Brandon Solano - Nov 9, 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
Nov 9, 2022
Transactions value $
$38,701
Form type
4
Date filed
11/10/2022, 03:24 PM
Previous filing
Jun 14, 2022
Next filing
Sep 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RAVE Common Stock Purchase $38.7K +24.7K +38.12% $1.57 89.3K Nov 9, 2022 Direct F1

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 263K Nov 9, 2022 Common Stock Direct F2
holding RAVE Restricted Stock Units 444K Nov 9, 2022 Common Stock Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average purchase price of transactions effected at prices ranging from $1.51 per share to $1.60 per share. Upon written request by the SEC, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares purchased at each separate price.
F2 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.