K. Todd Evans - 01 Aug 2023 Form 4 Insider Report for Franchise Group, Inc. (TAX)

Role: CHIEF FRANCHISING OFFICER
Signature: /s/ K. Todd Evans
Issuer symbol: TAX
Transactions as of: 01 Aug 2023
Net transactions value: -$90,203
Form type: 4
Filing time: 02 Aug 2023, 16:15:11 UTC
Previous filing: 03 Mar 2023
Next filing: 23 Aug 2023
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		+6,720	+17%		45,681	01 Aug 2023	Direct	F1, F2
transaction	FRG FRGAP	Common Stock	Tax liability	$90,203	-3,031	-6.6%	$29.76	42,650	01 Aug 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	-6,720	-100%	$0.000000^*	0	01 Aug 2023	Common Stock	6,720		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 August 1, 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 August 1, 2023. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on August 4, 2020.
F2	Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
F3	Reflects 3031 shares withheld by Issuer at market price of $29.76 per share to fund the payment of taxes for the conversion.
F4	This restricted stock unit award was granted on August 1, 2020 and one-third of the restricted stock units vested on August 1, 2023.