Eric Scott Langan - Feb 9, 2022 Form 4 Insider Report for RCI HOSPITALITY HOLDINGS, INC. (RICK)

Role
President and CEO, Director
Signature
/s/ Eric Scott Langan
Stock symbol
RICK
Transactions as of
Feb 9, 2022
Transactions value $
$0
Form type
4
Date filed
2/11/2022, 03:05 PM
Previous filing
Jan 3, 2022
Next filing
May 17, 2022

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 RICK Stock Options Award +50K 50K Feb 9, 2022 Common Stock 50K $100.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options were granted under the issuer's 2022 Stock Option Plan which plan was approved by its board of directors on February 7, 2022 and will be presented for approval to the issuer's stockholders at the upcoming 2022 annual meeting. The stock options will vest as to 10,000 of the shares covered by the option upon stockholders approving the 2022 Stock Option Plan, and thereafter, 10,000 of the remaining shares covered by the option shall vest on each anniversary of February 9, 2022, provided however that the stock options will be subject to earlier vesting under certain events set forth in the 2022 Stock Option Plan, including without limitation a change in control. Further, the stock options cannot be exercised prior to obtaining stockholder approval of the 2022 Stock Option Plan, and the stock options will be cancelled if stockholder approval is not obtained.
F2 Executive compensation.