Brandon Solano - 15 Oct 2024 Form 4 Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)

Role: CHIEF EXECUTIVE OFFICER
Signature: /s/ Brandon Solano
Issuer symbol: RAVE
Transactions as of: 15 Oct 2024
Net transactions value: -$194,547
Form type: 4
Filing time: 17 Oct 2024, 09:17:50 UTC
Previous filing: 09 Oct 2024
Next filing: 22 Oct 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RAVE	Common Stock	Options Exercise	$0	+125,000	+27%	$0.000000	595,151	15 Oct 2024	Direct
transaction	RAVE	Common Stock	Tax liability	$194,547	-73,414	-11%	$2.65	595,151	15 Oct 2024	Direct

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	Disposed to Issuer		+262,500			0	15 Oct 2024	Common Stock	198,414		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Reflects the shares of Common Stock (a) issue on October 15, 2024, after vesting of restricted stock units awarded under the Issuer's 2015 Long Term Incentive Plan pursuant to completikon of th requiremnets and performance criteria set forth in such plan, (b) net of the Issuer's retention of 73,414 shares the Reporting Person had the right to recive for tax withholding pruposes pursuant to the plan based on the closing price of the Issuer's Common Stock on October 14, 2024.
F2	Reflects restricted stock units representing 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.

Content

Reflects the shares of Common Stock (a) issue on October 15, 2024, after vesting of restricted stock units awarded under the Issuer's 2015 Long Term Incentive Plan pursuant to completikon of th requiremnets and performance criteria set forth in such plan, (b) net of the Issuer's retention of 73,414 shares the Reporting Person had the right to recive for tax withholding pruposes pursuant to the plan based on the closing price of the Issuer's Common Stock on October 14, 2024.

Reflects restricted stock units representing 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.