Kanen Wealth Management LLC - Aug 10, 2022 Form 4 Insider Report for BBQ HOLDINGS, INC. (BBQ)

Role: 10%+ Owner
Signature: /s/ DAVID KANEN
Stock symbol: BBQ
Transactions as of: Aug 10, 2022
Transactions value $: -$20,523,120
Form type: 4
Date filed: 8/12/2022, 05:28 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BBQ	COMMON STOCK	Sale	-$617K	-36.1K	-3.58%	$17.10	972K	Aug 10, 2022	Direct	F1, F2
transaction	BBQ	COMMON STOCK	Sale	-$10.3M	-600K	-61.73%	$17.11	372K	Aug 11, 2022	Direct	F1, F2
transaction	BBQ	COMMON STOCK	Sale	-$9.64M	-564K	-100%	$17.10	0	Aug 10, 2022	PHILOTIMO FUND, LP	F1, F2, F3
holding	BBQ	COMMON STOCK						83.4K	Aug 10, 2022	DAVID KANEN	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	This Form 4 is filed jointly by David Kanen, Kanen Wealth Management, LLC ("KWM") and the Philotimo Fund, LP (collectively, the "Reporting Persons"). The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own.
F2	Mr.Kanen beneficially owns, pursuant to the beneficial ownership rules of Section 13(d) of the Securities Exchange Act of 1934, as amended, the shares of Common Stock listed in Column 5 of this Form 4, which represent less than 5% of the Issuer's outstanding shares of Common Stock. Pursuant to such beneficial ownership rules, Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the shares of Common Stock held in customer accounts managed by KWM as disclosed in this Form 4 (including the 83,441 shares held in Mr. Kanen's account). Mr. Kanen expressly disclaims such beneficial ownership except to the extent of his pecuniary interest therein. Mr. Kanen does not have a pecuniary interest under Section 16 of the Exchange Act in the shares of Common Stock held in customer accounts managed by KWM other than the 83,441 shares held in Mr. Kanen's Account
F3	KWM does not have a pecuniary interest in the shares of Common Stock held in customer accounts managed by KWM. The number reflected above excludes 83,411 shares held in Mr. Kanen's account as described in footnote 2 above.