Robert J. Sarlls - Oct 18, 2022 Form 4 Insider Report for Rocky Mountain Chocolate Factory, Inc. (RMCF)

Role
Chief Executive Officer, Director
Signature
/s/ Tracy D. Wojcik - Attorney in Fact
Stock symbol
RMCF
Transactions as of
Oct 18, 2022
Transactions value $
$21,123
Form type
4
Date filed
10/20/2022, 04:31 PM
Previous filing
May 11, 2022
Next filing
Oct 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMCF Common Stock Purchase $21.1K +3.4K $6.21 3.4K Oct 18, 2022 Direct

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
holding RMCF Non-qualified stock option 27.7K Oct 18, 2022 Common Stock 27.7K $6.38 Direct F1
holding RMCF Restricted Stock Units 55.3K Oct 18, 2022 Common Stock 55.3K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.