Rave Restaurant Group (RAVE) executive Solano acquired 369,456 shares

Insider transactions reported

Brandon Solano (executive at Rave Restaurant Group Inc., RAVE) reported that they acquired 369,456 shares, and gave up 129,623 shares at $1.99 to cover taxes or an exercise price on Oct 16, 2023. After these transactions the filing shows 458,775 shares held directly.

Reporting person

Solano Brandon

Options and other derivatives

Holdings before and after

• COMMON STOCK: 89,319 to 458,775 direct
• RESTRICTED STOCK UNITS: 443,625 to 0 direct

Footnotes from the filing

1. 1. 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 129,623 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.
2. 2. 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.

Transaction codes in this filing

Exercise or conversion of a derivative:

Code M marks the exercise or conversion of an option or other derivative under an exempt plan.

Shares withheld for taxes or exercise price:

Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.

FAQ