Ryan M. Zink - 08 Nov 2025 Form 4 Insider Report for Good Times Restaurants Inc. (GTIM)

Role: Chief Executive Officer, Director
Signature: Ryan M Zink
Issuer symbol: GTIM
Transactions as of: 08 Nov 2025
Transactions value $: $0
Form type: 4
Filing time: 12 Nov 2025, 07:02:10 UTC
Previous filing: 18 Jun 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Zink Ryan M	Chief Executive Officer, Director	651 CORPORATE CIRCLE, SUITE 200, GOLDEN	Ryan M Zink	10 Nov 2025	0001714035

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GTIM	Common Stock	Options Exercise	$0	+1.75K	+1.45%	$0.00	123K	08 Nov 2025	Direct
holding	GTIM	Common Stock						6.3K	08 Nov 2025	Shares held in spouse's IRA

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	GTIM	Restricted Stock Units	Options Exercise	$0	-1.75K	-100%	$0.00	0	08 Nov 2025	Common Stock	1.75K	$0.00	Direct	F1
holding	GTIM	Incentive Stock Options						20K	08 Nov 2025	Common Stock	20K	$2.51	Direct	F2
holding	GTIM	Incentive Stock Options						20K	08 Nov 2025	Common Stock	20K	$3.00	Direct	F3
holding	GTIM	Incentive Stock Options						80K	08 Nov 2025	Common Stock	80K	$5.20	Direct	F4
holding	GTIM	Incentive Stock Options						90K	08 Nov 2025	Common Stock	90K	$2.33	Direct	F5
holding	GTIM	Incentive Stock Option						15K	08 Nov 2025	Common Stock	15K	$5.00	Direct	F6
holding	GTIM	Incentive Stock Options						12.9K	08 Nov 2025	Common Stock	12.9K	$4.66	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the conversion upon vesting of Restricted Stock Units into common stock. The Reporting Person was granted 1,750 Restricted Stock Units on November 8, 2022 vesting on November 8, 2025. Such Restricted Stock Units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F2	The Reporting Person was granted 20,000 Incentive Stock Options on November 13, 2023, vesting ratably over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F3	The Reporting Person was granted 20,000 Incentive Stock Options on November 8, 2022, vesting ratably over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F4	The Reporting Person was granted 80,000 Incentive Stock Options on September 29, 2021. The shares awarded include a vesting condition whereby the vesting shall occur on the date on which the price of the Company's common stock (as traded on the Nasdaq Capital Market) is $6.00, as measured based on the trailing 60 calendar day volume-weighted average price (VWAP). Such Incentive Stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F5	The Reporting Person was granted 90,000 Incentive Stock Options on December 24, 2020. Such Incentive Stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission. The vesting conditions were met on April 5, 2021.
F6	The Reporting Person was granted 15,000 Incentive Stock Options on October 12, 2018 vesting ratably over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
F7	The Reporting Person was granted 12,876 Incentive Stock Options on November 16, 2018 vesting ratably over five years. Such Incentive Stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.