Clinton Dayne Fendley - 13 Nov 2023 Form 4 Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)

Role
Chief Financial Officer
Signature
/s/ Clinton Dayne Fendley
Issuer symbol
RAVE
Transactions as of
13 Nov 2023
Net transactions value
$0
Form type
4
Filing time
15 Nov 2023, 14:17:30 UTC
Previous 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 +26,460 26,460 13 Nov 2023 Common Stock Direct F1
* 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.