Ari B. Levy - Mar 8, 2022 Form 4 Insider Report for Del Taco Restaurants, Inc. (TACO)

Role: Director
Signature: /s/ Rebecca H. Yang, Attorney-in-Fact
Stock symbol: TACO
Transactions as of: Mar 8, 2022
Transactions value $: -$25,618,666
Form type: 4
Date filed: 3/10/2022, 08:51 PM
Previous filing: Jun 1, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TACO	COMMON STOCK	Disposed to Issuer	-$6.32M	-505K	-100%	$12.51	0	Mar 8, 2022	Direct	F1
transaction	TACO	COMMON STOCK	Disposed to Issuer	-$13.4M	-1.07M	-100%	$12.51	0	Mar 8, 2022	See footnote	F1, F2
transaction	TACO	COMMON STOCK	Disposed to Issuer	-$191K	-15.2K	-100%	$12.51	0	Mar 8, 2022	See footnote	F1, F3
transaction	TACO	COMMON STOCK	Disposed to Issuer	-$5.72M	-457K	-100%	$12.51	0	Mar 8, 2022	See footnote	F1, F4

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

Ari B. Levy is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated December 5, 2021, between the issuer and Jack in the Box Inc. (the "Merger Agreement"). Pursuant to the Merger Agreement, each restricted stock award (other than certain non-accelerating restricted stock awards granted to the issuer's executive officers) will vest and be converted into the right to receive cash of $12.51 per share, each unexercised option will vest and be converted into the right to receive cash in an amount equal to the excess of $12.51 over the exercise price of such option, and each performance-based restricted stock unit will vest and be converted into the right to receive cash of $12.51 per share.
F2	The securities are held directly by Levy Family Partners, LLC ("LFP"). The Reporting Person is a manager of LFP. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his actual pecuniary interest therein.
F3	The securities are held directly by LFP Management, LLC. The Reporting Person shares voting and investment power with other managers of LFP Management, LLC. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his actual pecuniary interest therein.
F4	The amount reported as beneficially owned consists of 457,200 shares of Common Stock which are held in trusts for which the Reporting Person is co-trustee. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his actual pecuniary interest therein.