Ryan M. Zink - Nov 13, 2023 Form 4 Insider Report for Good Times Restaurants Inc. (GTIM)

Role
CEO, Director
Signature
/s/ Ryan M. Zink
Stock symbol
GTIM
Transactions as of
Nov 13, 2023
Transactions value $
$0
Form type
4
Date filed
11/14/2023, 04:16 PM
Previous filing
Nov 10, 2022
Next filing
Jun 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GTIM Common Stock 119K Nov 13, 2023 Direct
holding GTIM Common Stock 6.3K Nov 13, 2023 Shares held in spouse's IRA

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 GTIM Incentive Stock Option Award $0 +20K $0.00 20K Nov 13, 2023 Common Stock 20K $2.51 Direct F1
holding GTIM Restricted Stock Unit 1.75K Nov 13, 2023 Common Stock 1.75K $0.00 Direct F2
holding GTIM Incentive Stock Option 20K Nov 13, 2023 Common Stock 20K $3.00 Direct F3
holding GTIM Incentive Stock Option 80K Nov 13, 2023 Common Stock 80K $5.20 Direct F4
holding GTIM Incentive Stock Option 90K Nov 13, 2023 Common Stock 90K $2.33 Direct F5
holding GTIM Incentive Stock Option 15K Nov 13, 2023 Common Stock 15K $5.00 Direct F6
holding GTIM Incentive Stock Option 12.9K Nov 13, 2023 Common Stock 12.9K $4.66 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted 20,000 Incentive Stock Options on November 13, 2023, vesting ratably over five years.
F2 The Reporting Person was granted 1,750 Restricted Stock Units on November 8, 2022, vesting on November 8, 2025. Such Restricted Stock Units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F3 The Reporting Person was granted 20,000 Incentive Stock Options on November 8, 2022, vesting ratably over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F4 The Reporting Person was granted 80,000 Incentive Stock Options on September 29, 2021. The shares awarded include a vesting condition whereby the vesting shall occur on the date on which the price of the Company's common stock (as traded on the Nasdaq Capital Market) is $6.00, as measured based on the trailing 60 calendar day volume-weighted average price (VWAP). Such Incentive Stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F5 The Reporting Person was granted 90,000 Incentive Stock Options on December 24, 2020. Such Incentive Stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission. The vesting conditions were met on April 5, 2021.
F6 The Reporting Person was granted 15,000 Incentive Stock Options on October 12, 2018 vesting ratably over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F7 The Reporting Person was granted 12,876 Incentive Stock Options on November 16, 2018 vesting ratably over five years. Such Incentive Stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.