Howard M. Lorber - 08 Dec 2025 Form 4 Insider Report for NATHANS FAMOUS, INC. (NATH)

Reporting relationship: Executive Chairman, Director, 10%+ Owner
Issuer ticker: NATH
Reported as of: 08 Dec 2025
Net transaction value: -$458,786
SEC form: 4
Accepted by SEC: 09 Dec 2025, 18:07:05 UTC
Prior SEC filing: 21 Apr 2025
Next SEC filing: 26 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Howard M. Lorber

Key filing fact

Howard M. Lorber filed Form 4 for NATHANS FAMOUS, INC. (NATH) on 09 Dec 2025.

Key facts

This page summarizes Howard M. Lorber's Form 4 filing for NATHANS FAMOUS, INC. (NATH).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 09 Dec 2025, 18:07.

Change

Previous filing in this sequence was filed on 21 Apr 2025.
Current net transaction value: -$458,786.

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

Reporting Owners (1)

CIK 0001053471 Primary reporting owner

LORBER HOWARD M

Relationship: Executive Chairman, Director, 10%+ Owner
Address: C/O NATHAN'S FAMOUS, INC., ONE JERICHO PLAZA, JERICHO
Signature: /s/ Howard M. Lorber
Signature date: 09 Dec 2025

Reported non-derivative transactions

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

NATH transaction

Common Stock

Options Exercise

Transaction value
Shares: +10,000
Change %: +1.4%
Price
Shares after: 724,626
Date: 08 Dec 2025
Ownership: Direct
Footnotes: F1

NATH transaction

Common Stock

Tax liability

Transaction value: $458,786
Shares: -5,105
Change %: -0.7%
Price: $89.87
Shares after: 719,521
Date: 08 Dec 2025
Ownership: Direct

NATH holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 20,320
Date: 08 Dec 2025
Ownership: Lorber Gamma LP
Footnotes: F3

NATH holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 250,000
Date: 08 Dec 2025
Ownership: Lorber Alpha II LP
Footnotes: F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NATH transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -10,000
Change %: -33%
Price: $0.000000
Shares after: 20,000
Date: 08 Dec 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,000
Exercise price
Footnotes: F1, F2

^* 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

Restricted stock units convert into common stock on a one-for-one basis.

Footnote F2

On December 8, 2022, the reporting person was granted 50,000 restricted stock units, vesting in five equal annual installments beginning on the first anniversary of the grant date.

Footnote F3

Represents shares owned by the Lorber Gamma LP (the "Lorber LP"). Mr. Lorber serves as the Managing Member of the Lorber LP's general partner and as such has voting and dispositive power with respect to such shares.

Footnote F4

Represents shares owned by the Lorber Alpha II LP (the "Lorber II LP"). Mr. Lorber serves as the Managing Member of the Lorber II LP's general partner and as such has voting and dispositive power with respect to such shares.