MARK E. SCHWARZ - 27 Jun 2022 Form 4 Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)

Role
Chairman, Director, 10%+ Owner
Signature
Steven D. Davidson as Attorney-in-Fact for each Reporting Person
Issuer symbol
RAVE
Transactions as of
27 Jun 2022
Net transactions value
$0
Form type
4
Filing time
27 Jun 2022, 12:42:09 UTC
Previous filing
09 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RAVE Common Stock 140,691 27 Jun 2022 Direct
holding RAVE Common Stock 3,092,125 27 Jun 2022 Shares directly owned by Newcastle Partners, L.P. F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RAVE Director Stock Option (right to buy) Award $0 +40,000 $0.000000 40,000 27 Jun 2022 Common Stock 40,000 $1.06 Direct F2
holding RAVE Director Stock Option (right to buy) 40,000 27 Jun 2022 Common Stock 40,000 $3.95 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Schwarz is the sole trustee of the Schwarz 2012 Family Trust (the "Trust") and a director and officer of NCM Services, Inc. ("NCMS"). The Trust is the sole shareholder of NCMS, which is the sole member of Newcastle Capital Group, L.L.C. ("NCG"), which is the general partner of Newcastle Capital Management, L.P. ("NCM"), which is the general partner of Newcastle Partners, L.P. ("NP"). Accordingly, Mr. Schwarz may be deemed the beneficial owner of all shares held by any of the Trust, NCMS, NCG, NCM or NP.
F2 Granted as director stock options.