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

Role: CHIEF EXECUTIVE OFFICER
Signature: /s/ Brandon Solano
Stock symbol: RAVE
Transactions as of: Oct 15, 2024
Transactions value $: -$194,547
Form type: 4
Date filed: 10/17/2024, 09:17 AM
Previous filing: Oct 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RAVE	Common Stock	Options Exercise	$0	+125K	+26.59%	$0.00	595K	Oct 15, 2024	Direct
transaction	RAVE	Common Stock	Tax liability	-$195K	-73.4K	-10.98%	$2.65	595K	Oct 15, 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		+263K			0	Oct 15, 2024	Common Stock	198K		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.