Robert J. Sarlls - 31 Jul 2023 Form 4 Insider Report for Rocky Mountain Chocolate Factory, Inc. (RMCF)

Role
Chief Executive Officer, Director
Signature
/s/ Tracy D. Wojcik, Attorney In Fact
Issuer symbol
RMCF
Transactions as of
31 Jul 2023
Net transactions value
+$5,897
Form type
4
Filing time
02 Aug 2023, 17:33:56 UTC
Previous filing
28 Jul 2023
Next filing
15 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMCF Common Stock Purchase $2,366 +400 +6.7% $5.92 6,400 31 Jul 2023 Direct
transaction RMCF Common Stock Purchase $3,531 +600 +9.4% $5.88 7,000 31 Jul 2023 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 27,668 31 Jul 2023 Common Stock 27,668 $6.38 Direct F1
holding RMCF Restricted Stock Units 55,336 31 Jul 2023 Common Stock 55,336 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.