Jason Schanno - Sep 2, 2022 Form 4 Insider Report for BBQ HOLDINGS, INC. (BBQ)

Role
Chief Financial Officer
Signature
/s/ Jason Schanno
Stock symbol
BBQ
Transactions as of
Sep 2, 2022
Transactions value $
-$70,197
Form type
4
Date filed
9/12/2022, 12:49 PM
Previous filing
Aug 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBQ Common Stock Options Exercise +8.33K 8.33K Sep 2, 2022 Direct F1
transaction BBQ Common Stock Tax liability -$70.2K -4.09K -49.03% $17.18 4.25K Sep 2, 2022 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 Restricted Stock Units Options Exercise $0 -8.33K -33.33% $0.00 16.7K Sep 2, 2022 Common Stock 8.33K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one for one basis.
F2 Represents shares surrendered to the Company for payment of taxes
F3 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 beginning September 2, 2022 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.