Brian R. Kahn - 15 Aug 2022 Form 4 Insider Report for Franchise Group, Inc. (TAX)

Role
CHIEF EXECUTIVE OFFICER, Director, 10%+ Owner
Signature
Brian R. Kahn
Issuer symbol
TAX
Transactions as of
15 Aug 2022
Net transactions value
-$196,315
Form type
4
Filing time
16 Aug 2022, 16:12:44 UTC
Previous filing
11 May 2022
Next filing
09 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRG FRGAP Common Stock Options Exercise $166,807 +13,889 +0.16% $12.01* 8,878,608 15 Aug 2022 Direct
transaction FRG FRGAP Common Stock Tax liability $284,216 -8,553 -0.1% $33.23* 8,870,055 15 Aug 2022 Direct F1
transaction FRG FRGAP Common Stock Options Exercise $110,937 +9,299 +0.1% $11.93* 8,879,354 15 Aug 2022 Direct
transaction FRG FRGAP Common Stock Tax liability $189,843 -5,713 -0.06% $33.23* 8,873,641 15 Aug 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 FRG FRGAP Employee Stock Options (Right to Buy) Options Exercise $0 -13,889 -100% $0.000000* 0 15 Aug 2022 Common Stock 13,889 $12.01 Direct F3
transaction FRG FRGAP Employee Stock Options (Right to Buy) Options Exercise $0 -9,299 -100% $0.000000* 0 15 Aug 2022 Common Stock 9,299 $11.93 Direct F4
* 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 5,336 shares of common stock on net exercise of option to purchase 13,889 shares of common stock. The Issuer withheld 8,553 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 3,586 shares of common stock on the net exercise of option to purchase 9,299 shares of common stock. The Issuer withheld 5,713 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 The options vested in full on December 13, 2019.
F4 The options vested in full on September 12, 2020.