Jason Schanno - 02 Sep 2022 Form 4 Insider Report for BBQ HOLDINGS, INC.

Role: Chief Financial Officer
Signature: /s/ Jason Schanno
Issuer symbol: N/A
Transactions as of: 02 Sep 2022
Net transactions value: -$70,197
Form type: 4
Filing time: 12 Sep 2022, 12:49:55 UTC
Previous filing: 18 Aug 2021
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		+8,333			8,333	02 Sep 2022	Direct	F1
transaction	BBQ	Common Stock	Tax liability	$70,197	-4,086	-49%	$17.18	4,247	02 Sep 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	-8,333	-33%	$0.000000	16,667	02 Sep 2022	Common Stock	8,333	$0.000000	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.