Jay Rooney - Oct 8, 2024 Form 4 Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Jay Rooney
Stock symbol
RAVE
Transactions as of
Oct 8, 2024
Transactions value $
$0
Form type
4
Date filed
10/11/2024, 08:25 AM
Previous filing
Mar 26, 2024

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 +18.7K $0.00 18.7K Oct 8, 2024 Common Stock 28K Direct F1, F2
* 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 Represents the maximum amount of shares of Common Stock that may be received upon successfully meeting all performance criteria.