Kenneth Kuick - 18 Mar 2025 Form 4 Insider Report for Fat Brands, Inc (FAT)

Role: Co-CEO and CFO
Signature: /s/ Allen Sussman, Attorney-in-Fact
Issuer symbol: FAT
Transactions as of: 18 Mar 2025
Transactions value $: $0
Form type: 4
Filing time: 25 Mar 2025, 06:46:31 UTC
Previous filing: 27 Jan 2025
Next filing: 26 Jun 2025
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FAT	Stock option (right to buy)	Disposed to Issuer	-50K	-100%	0	18 Mar 2025	Class A Common Stock	50K	$5.37	Direct	F1
transaction	FAT	Stock option (right to buy)	Award	+50K		50K	18 Mar 2025	Class A Common Stock	50K	$2.77	Direct	F1
transaction	FAT	Stock option (right to buy)	Disposed to Issuer	-100K	-100%	0	18 Mar 2025	Class A Common Stock	100K	$11.43	Direct	F2
transaction	FAT	Stock option (right to buy)	Award	+100K		100K	18 Mar 2025	Class A Common Stock	100K	$8.83	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The reported transactions involve an amendment of an outstanding option to reduce the exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on April 26, 2023 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.
F2	The reported transactions involve an amendment of an outstanding option to reduce the option exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on November 16, 2021 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.

Content

The reported transactions involve an amendment of an outstanding option to reduce the exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on April 26, 2023 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.

The reported transactions involve an amendment of an outstanding option to reduce the option exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on November 16, 2021 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.