Andrew Rechtschaffen - 30 Oct 2023 Form 4 Insider Report for Fiesta Restaurant Group, Inc.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
01 Nov 2023, 13:27:34 UTC
Prior SEC filing
12 May 2023
Next SEC filing
06 Aug 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: /s/ Andrew Rechtschaffen

Key filing fact

Andrew Rechtschaffen filed Form 4 for Fiesta Restaurant Group, Inc. on 01 Nov 2023.

Key facts

  • This page summarizes Andrew Rechtschaffen's Form 4 filing for Fiesta Restaurant Group, Inc..
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 01 Nov 2023, 13:27.

Change

  • Previous filing in this sequence was filed on 12 May 2023.
  • Current net transaction value: -$21,672,977.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FRGI transaction

Common Stock, par value $0.01 per share

Disposed to Issuer

Transaction value
$377,995
Shares
-44,470
Change %
-100%
Price
$8.50
Shares after
0
Date
30 Oct 2023
Ownership
Direct
Footnotes
F1
FRGI transaction

Common Stock, par value $0.01 per share

Disposed to Issuer

Transaction value
$21,294,982
Shares
-2,505,292
Change %
-100%
Price
$8.50
Shares after
0
Date
30 Oct 2023
Ownership
See Footnote
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Andrew Rechtschaffen is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Disposed of pursuant to the Agreement and Plan of Merger, dated as of August 6, 2023, by and among the Issuer, Fiesta Holdings, LLC, a Delaware limited liability company ("Parent"), and Fiesta Merger Sub, LLC, a Delaware limited liability company and a wholly owned subsidiary of Parent, in exchange for cash consideration of $8.50 per share of common stock of the Issuer on the effective date of the merger.

Footnote F2

Securities owned directly by AREX Capital Master Fund, LP ("AREX Capital Master") and held in certain accounts (the "AREX Managed Account") managed by AREX Capital Management, LP ("AREX Capital Management"), which also acts as the investment advisor to AREX Capital Master. The Reporting Person, solely by virtue of his position as the managing member of each of AREX Capital GP, LLC, the general partner of AREX Capital Master, and AREX Capital Management GP, LLC, the general partner of AREX Capital Management, may be deemed to beneficially own the securities owned directly by AREX Capital Master and held in the AREX Managed Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

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