Key facts
- This page summarizes Christopher Emlyn Jones's Form 4 filing for BurgerFi International, Inc..
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 11 Apr 2024, 16:15.
Christopher Emlyn Jones - 10 Apr 2024 Form 4 Insider Report for BurgerFi International, Inc.
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- N/A
- Reported as of
- 10 Apr 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 11 Apr 2024, 16:15:12 UTC
- Prior SEC filing
- 12 Jul 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Christopher Emlyn Jones
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Christopher Emlyn Jones filed Form 4 for BurgerFi International, Inc. on 11 Apr 2024.
Change
- Previous filing in this sequence was filed on 12 Jul 2023.
- Current net transaction value: $0.
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.
BFI
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +67,000
- Change %
- Price
- $0.000000
- Shares after
- 67,000
- Date
- 10 Apr 2024
- Ownership
- Direct
- Footnotes
- F1, F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BFI
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -40,000
- Change %
- -10%
- Price
- $0.000000
- Shares after
- 360,000
- Date
- 10 Apr 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 40,000
- Exercise price
- Footnotes
- F1, F2, F3, F4
BFI
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -27,000
- Change %
- -7.8%
- Price
- $0.000000
- Shares after
- 320,000
- Date
- 10 Apr 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 27,000
- Exercise price
- Footnotes
- F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
On July 10, 2023, the Reporting Person was granted 200,000 restricted stock units outside of the issuer's 2020 Omnibus Equity Incentive Plan as a material inducement to the Reporting Person's acceptance of employment with the issuer in accordance with Nasdaq Listing Rule 5635(c)(4). The restricted stock units shall vest in five annual installments of 40,000 restricted stock units each, beginning March 29, 2024, subject to the Reporting Person remaining continuously employed by the issuer at the time of vesting and earlier vesting due to a change of control or certain termination events. On April 10, 2024, the effective date of the issuer's Registration Statement on Form S-8 registering the shares of common stock underlying the restricted stock units (the "Form S-8 Effective Date"), 40,000 of the restricted stock units vested.
Footnote F2
On July 10, 2023, the Reporting Person was granted 200,000 restricted stock units outside of the issuer's 2020 Omnibus Equity Incentive Plan as a material inducement to the Reporting Person's acceptance of employment with the issuer in accordance with Nasdaq Listing Rule 5635(c)(4). The restricted stock units shall vest in five annual installments of 40,000 restricted stock units each, beginning March 29, 2024, 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 due to a change of control or certain termination events. Based on the extent of achievement of the Reporting Person's key performance criteria, the Compensation Committee of the Board of Directors of the issuer approved of the vesting of (a) 42% of the 50% portion eligible to vest on March 29, 2024 based on achievement of adjusted EBITDA (the "2024 Adjusted EBITDA Portion"),
Footnote F3
(contiued from footnote 2) with the remainder of the 2024 Adjusted EBITDA Portion being forfeited and (b) 93% of the 50% portion eligible to vest on March 29, 2024 based on achievement of revenue (the "2024 Revenue Portion"), with the remainder of the 2024 Revenue Portion being forfeited. Such vesting occurred on the Form S-8 Effective Date.
Footnote F4
Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.