Andrew M. Laurence - Aug 15, 2022 Form 4 Insider Report for Franchise Group, Inc. (FRG FRGAP)

Signature
Andrew M. Laurence
Stock symbol
FRG FRGAP
Transactions as of
Aug 15, 2022
Transactions value $
-$328,054
Form type
4
Date filed
8/16/2022, 04:11 PM
Previous filing
Mar 9, 2022
Next filing
Oct 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRG FRGAP Common Stock Options Exercise $250K +20.8K +4.97% $12.01* 440K Aug 15, 2022 Direct
transaction FRG FRGAP Common Stock Tax liability -$448K -13.5K -3.07% $33.23* 426K Aug 15, 2022 Direct F1
transaction FRG FRGAP Common Stock Options Exercise $166K +13.9K +3.27% $11.93* 440K Aug 15, 2022 Direct
transaction FRG FRGAP Common Stock Tax liability -$300K -9.02K -2.05% $33.23* 431K Aug 15, 2022 Direct F2
transaction FRG FRGAP Common Stock Purchase $3.45K +109 +0.03% $31.64* 431K Aug 15, 2022 Direct F3

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 FRG FRGAP Employee Stock Options (Right to Buy) Options Exercise $0 -20.8K -100% $0.00* 0 Aug 15, 2022 Common Stock 20.8K $12.01 Direct F4
transaction FRG FRGAP Employee Stock Options (Right to Buy) Options Exercise $0 -13.9K -100% $0.00* 0 Aug 15, 2022 Common Stock 13.9K $11.93 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a net exercise of outstanding stock options. The Reporting Person received 7,337 shares of common stock on net exercise of option to purchase 20,833 shares of common stock. The Issuer withheld 13,496 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing price of $33.23, pursuant to the terms of the 2019 Omnibus Incentive Plan.
F2 Represents a net exercise of outstanding stock options. The Reporting Person received 4,931 shares of common stock on net exercise of option to purchase 13,948 shares of common stock. The Issuer withheld 9,017 shares of common stock underlying the option for payment of the exercise price and tax withholdings, using the closing price of $33.23, pursuant to the terms of the 2019 Omnibus Incentive Plan.
F3 Shares acquired under a broker automatic dividend reinvestment plan.
F4 The options vested in full on December 13, 2019.
F5 The options vested in full on September 12, 2020.