Albert W. Hank - 02 Sep 2021 Form 4 Insider Report for BBQ HOLDINGS, INC.

Role: Chief Operating Officer
Signature: /s/ Albert W. Hank
Issuer symbol: N/A
Transactions as of: 02 Sep 2021
Net transactions value: -$126,253
Form type: 4
Filing time: 07 Sep 2021, 18:08:10 UTC
Next filing: 22 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BBQ	Common Stock	Options Exercise	$31,100	+5,824	+214%	$5.34	8,541	02 Sep 2021	Direct
transaction	BBQ	Common Stock	Options Exercise	$21,416	+5,408	+63%	$3.96	13,949	02 Sep 2021	Direct
transaction	BBQ	Common Stock	Options Exercise	$32,700	+10,000	+72%	$3.27	23,949	02 Sep 2021	Direct
transaction	BBQ	Common Stock	Tax liability	$166,713	-11,832	-49%	$14.09	12,177	02 Sep 2021	Direct	F1, F2
transaction	BBQ	Common Stock	Options Exercise		+8,333	+69%		20,450	02 Sep 2021	Direct	F3
transaction	BBQ	Common Stock	Tax liability	$44,756	-3,206	-16%	$13.96	17,244	02 Sep 2021	Direct	F2

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	Stock Option	Options Exercise	$0	-5,824	-58%	$0.000000	4,176	02 Sep 2021	Common Stock	5,824	$5.34	Direct	F4
transaction	BBQ	Stock Option	Options Exercise	$0	-5,408	-54%	$0.000000	4,592	02 Sep 2021	Common Stock	5,408	$3.96	Direct	F4
transaction	BBQ	Stock Options	Options Exercise	$0	-10,000	-50%	$0.000000	10,000	02 Sep 2021	Common Stock	10,000	$3.27	Direct	F5
transaction	BBQ	Restricted Stock Unit	Options Exercise	$0	-8,333	-33%	$0.000000	16,667	02 Sep 2021	Common Stock	8,333	$0.000000	Direct	F6

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

Explanation of Responses:

Id	Content
F1	Represents shares surrendered for payment of exercise price.
F2	Represents shares surrendered to the Company for payment of taxes
F3	Restricted stock units convert into common stock on a one for one basis.
F4	Option vests monthly over 48 months from date of grant.
F5	Option vests annually over two years.
F6	On September 2, 2020, the reporting person was granted 25,000 restricted stock units, vesting in three equal annual installments, upon the Company's stock price equaling or exceeding $8.50 per share on the applicable vesting date.