Michael F. Burns Jr - Sep 25, 2023 Form 4/A - Amendment Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)

Role
Chief Operating Officer
Signature
/s/ Michael F. Burns, Jr.
Stock symbol
RAVE
Transactions as of
Sep 25, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
9/27/2023, 04:13 PM
Date Of Original Report
Jan 8, 2021
Previous filing
Jun 14, 2022
Next filing
Oct 18, 2023

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 RAVE Restricted Stock Units Award $0 +53.7K $0.00 53.7K Sep 25, 2023 Common Stock 60.4K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive shares of Common Stock upon satisfaction of vesting requirements and performance criteria. The performance criteria are based on multiple financial metrics which, if at least minimum criteria are achieved, may yield from 50% to 150% of a share of common stock per restricted stock unit.
F2 Date the Audit Committee determined the total number of shares of Common Stock to be awarded upon achievement of performance criteria for RSUs granted on January 8, 2021.
F3 Represents the total shares of Common Stock to be issued upon vesting as determined by the Issuer's Audit Committee on September 25, 2023, and based on the achievement of certain performance criteria.