A. Allen Arroyo - 01 Aug 2023 Form 4 Insider Report for Rocky Mountain Chocolate Factory, Inc. (RMCF)

Role
CFO
Signature
/s/ Tracy D. Wojcik, Attorney In Fact
Issuer symbol
RMCF
Transactions as of
01 Aug 2023
Net transactions value
+$5,900
Form type
4
Filing time
03 Aug 2023, 15:44:58 UTC
Previous filing
27 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 $2,950 +500 +25% $5.90 2,515 01 Aug 2023 Direct
transaction RMCF Common Stock Purchase $2,950 +500 +20% $5.90 3,015 02 Aug 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 8,476 01 Aug 2023 Common Stock 8,476 $6.85 Direct F1
holding RMCF Restricted Stock Units 39,556 01 Aug 2023 Common Stock 39,556 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.