Michael J. Roper - Mar 15, 2023 Form 4 Insider Report for Muscle Maker, Inc. (SDOT)

Role: Chief Executive Officer
Signature: /s/ Michael J Roper
Stock symbol: SDOT
Transactions as of: Mar 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/17/2023, 04:05 PM
Previous filing: Mar 17, 2023
Next filing: Dec 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SDOT	Common Stock						158K	Mar 15, 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
transaction	SDOT	Stock Options	Award		+68.9K			68.9K	Mar 17, 2023	Common Stock	68.9K	$1.51	Direct	F1
holding	SDOT	Stock Options						31.1K	Mar 15, 2023	Common Stock	31.1K	$1.51	Direct	F2
holding	SDOT	Stock Options						100K	Mar 15, 2023	Common Stock	100K	$0.41	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The executive was granted a stock option to acquire 68,928 shares of common stock under the 2023 Equity Incentive Plan vesting one twentieth of such shares on each of the twenty quarterly anniversaries of the last date of each quarter commencing March 31, 2023.
F2	The executive was granted a stock option to acquire 31,072 shares of common stock vesting one twentieth of such shares on each of the twenty quarterly anniversaries of the last date of each quarter commencing March 31, 2023.
F3	Pursuant to the terms of the employment agreement, the executive was granted a stock option to acquire 100,000 shares of common stock vesting one twentieth of such shares on each of the twenty quarterly anniversaries of the last date of each quarter commencing June 30, 2022.