Fat Brands, Inc - Jan 24, 2025 Form 4 Insider Report for Twin Hospitality Group Inc. (TWNP)

Role
10%+ Owner
Signature
/s/ Allen Sussman, Attorney-in-Fact
Stock symbol
TWNP
Transactions as of
Jan 24, 2025
Transactions value $
$0
Form type
4
Date filed
1/28/2025, 08:44 PM
Previous filing
Jan 27, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWNP Class A Common Stock Other +47.3M 47.3M Jan 24, 2025 Direct F1
transaction TWNP Class B Common Stock Other +2.87M 2.87M Jan 24, 2025 Direct F1
transaction TWNP Class A Common Stock Other -2.66M -5.62% 44.6M Jan 27, 2025 Direct 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 TWNP Class B Common Stock Other $0 +2.87M $0.00 2.87M Jan 24, 2025 Class A Common Stock 2.87M Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were issued to the reporting person as the starting share capitalization of the issuer in exchange for 5,000 founder shares pursuant to the Master Separation and Distribution Agreement, dated as of January 24, 2025, between the issuer and the reporting person.
F2 The reporting person declared a distribution of these shares in a partial "spin-off" transaction on a pro rata basis to its shareholders of record as of the close of business on January 27, 2025, the record date for the distribution.
F3 The shares of Class B Common Stock are convertible into the issuer's Class A Common Stock on a 1-for-1 basis and have no expiration date.