Brandon Solano - 25 Sep 2023 Form 4/A - Amendment Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)

Role
Chief Executive Officer
Signature
/s/ Brandon Solano
Issuer symbol
RAVE
Transactions as of
25 Sep 2023
Net transactions value
$0
Form type
4/A - Amendment
Filing time
27 Sep 2023, 16:13:50 UTC
Date Of Original Report
08 Jan 2021
Previous filing
10 Nov 2022
Next filing
18 Oct 2023
SEC
View on sec.gov

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 +443,625 $0.000000 443,625 25 Sep 2023 Common Stock 499,079 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.