Tad Nash - 13 May 2024 Form 4 Insider Report for BurgerFi International, Inc.

Role: Chief Technology Officer
Signature: /s/ Christopher Jones, as Attorney-in-Fact for Tad Nash
Issuer symbol: N/A
Transactions as of: 13 May 2024
Net transactions value: $0
Form type: 4
Filing time: 15 May 2024, 17:46:03 UTC
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	BFI	Restricted Stock Units	Award	$0	+95,000		$0.000000	95,000	13 May 2024	Common Stock	95,000		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 a contingent right to receive one share of BurgerFi International, Inc. common stock.
F2	On May 13, 2024, the Reporting Person was granted 95,000 restricted stock units under the issuer's 2020 Omnibus Equity Incentive Plan. The restricted stock units shall vest in three annual installments, each equal to 33 1/3% of the aggregate 95,000 restricted stock units granted, beginning March 29, 2025, subject to achievement of certain key performance criteria, the Reporting Person remaining continuously employed by the issuer at the time of vesting and earlier vesting or forfeiture due to change of control or certain termination events, respectively; provided, however that the number of restricted stock units scheduled to vest in the first installment shall be prorated to reflect the portion of the first measurement year attributed to the Reporting Person's tenure as an employee of the issuer, with the amount of reduction in such first installment resulting from such proration being added in equal proportions to the remaining installments.

Content

Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.

On May 13, 2024, the Reporting Person was granted 95,000 restricted stock units under the issuer's 2020 Omnibus Equity Incentive Plan. The restricted stock units shall vest in three annual installments, each equal to 33 1/3% of the aggregate 95,000 restricted stock units granted, beginning March 29, 2025, subject to achievement of certain key performance criteria, the Reporting Person remaining continuously employed by the issuer at the time of vesting and earlier vesting or forfeiture due to change of control or certain termination events, respectively; provided, however that the number of restricted stock units scheduled to vest in the first installment shall be prorated to reflect the portion of the first measurement year attributed to the Reporting Person's tenure as an employee of the issuer, with the amount of reduction in such first installment resulting from such proration being added in equal proportions to the remaining installments.