Andrew M. Laurence - Mar 6, 2023 Form 4 Insider Report for Franchise Group, Inc. (FRG FRGAP)

Role
EXECUTIVE VICE PRESIDENT
Signature
/s/ Andrew M. Laurence
Stock symbol
FRG FRGAP
Transactions as of
Mar 6, 2023
Transactions value $
-$87,542
Form type
4
Date filed
3/8/2023, 03:30 PM
Previous filing
Mar 3, 2023
Next filing
Aug 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRG FRGAP Common Stock Options Exercise +6.72K +1.18% 576K Mar 6, 2023 Direct F1, F2
transaction FRG FRGAP Common Stock Tax liability -$87.5K -3K -0.52% $29.20* 573K Mar 6, 2023 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 Restricted Stock Units Options Exercise $0 -6.72K -100% $0.00* 0 Mar 6, 2023 Common Stock 6.72K Direct F2, F4
* 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 March 5, 2020, the reporting person was granted 20,161 restricted stock units, of which one-third of the shares subject to the restricted stock units vested on March 5, 2023. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on March 9, 2020.
F2 Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
F3 Reflects 2,998 shares withheld by Issuer at market price of $29.20 per share to fund the payment of taxes for the conversion.
F4 The restricted stock unit award was granted on March 5, 2020 and and one-third of the restricted stock units vested on March 5, 2023.