Gary S. Rich - May 17, 2023 Form 4 Insider Report for Franchise Group, Inc. (FRG FRGAP)

Role
Director
Signature
/s/ Gary S. Rich
Stock symbol
FRG FRGAP
Transactions as of
May 17, 2023
Transactions value $
$0
Form type
4
Date filed
5/18/2023, 04:15 PM
Previous filing
Apr 10, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRG FRGAP Common Stock Options Exercise +2.16K +72.9% 5.12K May 17, 2023 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 -2.16K -100% $0.00* 0 May 17, 2023 Common Stock 2.16K 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 May 17, 2022, the reporting person was granted 2160 restricted stock units, of which all of the shares subject to the restricted stock units vested on May 17, 2023. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on May 19, 2022.
F2 Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
F3 The restricted stock unit award was granted on May 17, 2022 and vested in full on May 17, 2023.