AMERICAN HALLMARK INSURANCE Co OF TEXAS - Dec 21, 2022 Form 4 Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)

Role: Group (Note 1), 10%+ Owner
Signature: Steven D. Davidson as Attorney-in-Fact for each Reporting Person
Stock symbol: RAVE
Transactions as of: Dec 21, 2022
Transactions value $: -$2,785,968
Form type: 4
Date filed: 12/21/2022, 02:51 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RAVE	Common Stock	Sale	-$2.79M	-1.74M	-100%	$1.60	0	Dec 21, 2022	Direct	F1, F2

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

AMERICAN HALLMARK INSURANCE Co OF TEXAS is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Each Reporting Person is a member of a "group" for purposes of Section 13(d)(3) of the Exchange Act. The group consists of Hallmark Financial Services, Inc. ("HFS"), American Hallmark Insurance Company of Texas ("AHIC"), Hallmark Insurance Company ("HIC"), Hallmark Specialty Insurance Company ("HSIC"), Newcastle Partners LP, Newcastle Capital Management LP, Newcastle Capital Group LLC, NCM Services, Inc., Schwarz 2012 Family Trust, and Mark E. Schwarz.
F2	Shares and transactions reported are owned directly by AHIC. HFS is the direct or indirect parent of each of AHIC, HIC, and HSIC.

Content

Each Reporting Person is a member of a "group" for purposes of Section 13(d)(3) of the Exchange Act. The group consists of Hallmark Financial Services, Inc. ("HFS"), American Hallmark Insurance Company of Texas ("AHIC"), Hallmark Insurance Company ("HIC"), Hallmark Specialty Insurance Company ("HSIC"), Newcastle Partners LP, Newcastle Capital Management LP, Newcastle Capital Group LLC, NCM Services, Inc., Schwarz 2012 Family Trust, and Mark E. Schwarz.

Shares and transactions reported are owned directly by AHIC. HFS is the direct or indirect parent of each of AHIC, HIC, and HSIC.