A. Allen Arroyo - Aug 11, 2023 Form 4 Insider Report for Rocky Mountain Chocolate Factory, Inc. (RMCF)

Role
CFO
Signature
/s/ Tracy D. Wojcik, Attorney In Fact
Stock symbol
RMCF
Transactions as of
Aug 11, 2023
Transactions value $
$0
Form type
4
Date filed
8/15/2023, 05:36 PM
Previous filing
Aug 3, 2023
Next filing
Nov 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RMCF Common Stock Award $0 +15.1K +501.82% $0.00 18.1K Aug 11, 2023 Direct F1

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 8.48K Aug 11, 2023 Common Stock 8.48K $6.85 Direct F2
holding RMCF Restricted Stock Units 39.6K Aug 11, 2023 Common Stock $39.6K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of RMCF common stock. The restricted stock units vest in 3 equal installments beginning August 11, 2024, subject to continued service through each applicable vesting date.
F2 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.
F3 Each restricted stock unit represents a contingent right to receive one share of RMCF common stock.
F4 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.
F5 Reported number of shares represents the maximum number of shares that may be issued pursuant to these restricted stock units.