ANDREW F. KAMINSKY - 03 Oct 2022 Form 4 Insider Report for Franchise Group, Inc. (FRG FRGAP)

Role: CHIEF ADMINISTRATIVE OFFICER
Signature: /s/ Andrew F. Kaminsky
Issuer symbol: FRG FRGAP
Transactions as of: 03 Oct 2022
Transactions value $: $0
Form type: 4
Filing time: 05 Oct 2022, 16:15:32 UTC
Previous filing: 09 Mar 2022
Next filing: 09 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FRG FRGAP	Common Stock	Options Exercise		+18.3K	+37.4%		67.4K	03 Oct 2022	Direct	F1, F2

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	FRG FRGAP	Restricted Stock Units	Options Exercise	$0	-18.3K	-100%	$0.00^*	0	03 Oct 2022	Common Stock	18.3K		Direct	F2, F3

* 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. On December 5, 2019, the reporting person was granted 55,000 restricted stock units, of which one-third of the shares subject to the restricted stock units vested on October 2, 2022. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on December 9, 2019.
F2	Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.
F3	This restricted stock unit award was granted on December 5, 2019 and one-third of the restricted stock units vested on October 2, 2022.