Peter R. Feinstein - Mar 18, 2025 Form 4 Insider Report for Fat Brands, Inc (FAT)

Role: Director
Signature: /s/ Allen Sussman, Attorney-in-Fact
Stock symbol: FAT
Transactions as of: Mar 18, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/25/2025, 06:46 AM
Previous filing: Apr 19, 2024
SEC: View on sec.gov

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

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FAT	Stock option (right to buy)	Disposed to Issuer	-30.6K	-100%	0	Mar 18, 2025	Class A Common Stock	30.6K	$6.85	Direct	F1
transaction	FAT	Stock option (right to buy)	Award	+30.6K		30.6K	Mar 18, 2025	Class A Common Stock	30.6K	$4.25	Direct	F1
transaction	FAT	Stock option (right to buy)	Disposed to Issuer	-30.6K	-100%	0	Mar 18, 2025	Class A Common Stock	30.6K	$7.10	Direct	F2
transaction	FAT	Stock option (right to buy)	Award	+30.6K		30.6K	Mar 18, 2025	Class A Common Stock	30.6K	$4.50	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The reported transactions involve an amendment of an outstanding option to reduce the exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on July 25, 2023 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.
F2	The reported transactions involve an amendment of an outstanding option to reduce the option exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on April 17, 2024 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.

Content

The reported transactions involve an amendment of an outstanding option to reduce the exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on July 25, 2023 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.

The reported transactions involve an amendment of an outstanding option to reduce the option exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on April 17, 2024 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.