Key facts
- This page summarizes Michael F. Burns Jr.'s Form 4 filing for RAVE RESTAURANT GROUP, INC. (RAVE).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 18 Oct 2023, 16:09.
Michael F. Burns Jr. - 16 Oct 2023 Form 4 Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)
- Reporting relationship
- CHIEF OPERATING OFFICER
- Issuer ticker
- RAVE
- Reported as of
- 16 Oct 2023
- Net transaction value
- -$36,043
- SEC form
- 4
- Accepted by SEC
- 18 Oct 2023, 16:09:36 UTC
- Prior SEC filing
- 27 Sep 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michael F. Burns, Jr
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Michael F. Burns Jr. filed Form 4 for RAVE RESTAURANT GROUP, INC. (RAVE) on 18 Oct 2023.
Change
- Previous filing in this sequence was filed on 27 Sep 2023.
- Current net transaction value: -$36,043.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
RAVE
transaction
COMMON STOCK
Options Exercise
- Transaction value
- $0
- Shares
- +42,260
- Change %
- Price
- $0.000000
- Shares after
- 42,260
- Date
- 16 Oct 2023
- Ownership
- Direct
- Footnotes
- F1
RAVE
transaction
COMMON STOCK
Tax liability
- Transaction value
- $36,043
- Shares
- -18,112
- Change %
- -30%
- Price
- $1.99
- Shares after
- 42,260
- Date
- 16 Oct 2023
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
RAVE
transaction
Derivative
RESTRICTED STOCK UNITS
Disposed to Issuer
- Transaction value
- Shares
- -53,663
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 16 Oct 2023
- Ownership
- Direct
- Underlying class
- COMMON STOCK
- Underlying amount
- 60,372
- Exercise price
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
Reflects the shares of Common Stock (a) issued on October 16, 2023, after vesting of restricted stock units awarded under the Issuer's 2015 Long Term Incentive Plan pursuant to completion of the requirements and performance criteria set forth in such plan, (b) net of the Issuer's retention of 8,741 shares the Reporting Person had the right to receive for tax withholding purposes pursuant to the plan based on the closing price of the Issuer's Common Stock on October 13, 2023.
Footnote 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.