Jason Schanno - Aug 16, 2021 Form 4 Insider Report for BBQ HOLDINGS, INC. (BBQ)

Role
Chief Financial Officer
Signature
/s/ Jason Schanno
Stock symbol
BBQ
Transactions as of
Aug 16, 2021
Transactions value $
$0
Form type
4
Date filed
8/18/2021, 04:58 PM
Next filing
Sep 12, 2022

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 BBQ Restricted Stock Unit Award $0 +25K $0.00 25K Aug 16, 2021 Common Stock 25K Direct F1
transaction BBQ Stock Option Award $0 +40K $0.00 40K Aug 16, 2021 Common Stock 40K $12.80 Direct F2
* 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 a contingent right to receive one share of BBQ Holdings, Inc's common stock. The Restricted Stock Units vest over three years upon BBQ Holdings, Inc's common stock achieving a market price of $15.00 per share on the applicable first, second and third anniversaries of the date of grant.
F2 The option shall vest over 48 months beginning September 16, 2021.