A. Allen Arroyo - 10 Aug 2022 Form 4 Insider Report for Rocky Mountain Chocolate Factory, Inc. (RMCF)

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	RMCF	Non-Qualified Stock Option	Award	$0	+8,476		$0.000000	8,476	10 Aug 2022	Common Stock	8,476	$6.85	Direct	F1
transaction	RMCF	Restricted Stock Units	Award	$0	+39,556		$0.000000	39,556	10 Aug 2022	Common Stock	39,556		Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Stock Option granted under the Company's 2007 Equity Incentive Plan (as amended) and becomes exercisable with respect to 1/3 of the shares on 02/28/2023 and 1/12 quarterly thereafter until fully exercisable on 02/28/2025.
F2	Each restricted stock unit represents a contingent right to receive one share of RMCF common stock.
F3	Restricted stock units granted under the Company's 2007 Equity Incentive Plan (as amended) that vest upon RMCF's common stock achieving a specific level of total shareholder return ("TSR") for a performance period ending on 02/28/2025.
F4	Reported number of shares represents the maximum number of shares that may be issued pursuant to these restricted stock units.