Andrew M. Laurence - Oct 3, 2022 Form 4 Insider Report for Franchise Group, Inc. (FRG FRGAP)

Role
EXECUTIVE VICE PRESIDENT, Director
Signature
/s/ Andrew M. Laurence
Stock symbol
FRG FRGAP
Transactions as of
Oct 3, 2022
Transactions value $
$0
Form type
4
Date filed
10/5/2022, 04:15 PM
Previous filing
Aug 16, 2022
Next filing
Nov 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRG FRGAP Common Stock Options Exercise +20K +4.64% 451K Oct 3, 2022 Direct F1, 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 Restricted Stock Units Options Exercise $0 -20K -100% $0.00* 0 Oct 3, 2022 Common Stock 20K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion upon vesting of restricted stock units into Common Stock. On December 5, 2019, the reporting person was granted 60,000 restricted stock units, of which one-third of the shares subject to the restricted stock units vested on October 2, 2022. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on December 9, 2019.
F2 Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
F3 This restricted stock unit award was granted on December 5, 2019 and one-third of the restricted stock units vested on October 2, 2022.