Allen Sussman - 18 Mar 2025 Form 4 Insider Report for Fat Brands, Inc (FAT)

Role
General Counsel
Signature
/s/ Allen Sussman, Attorney-in-Fact
Issuer symbol
FAT
Transactions as of
18 Mar 2025
Net transactions value
$0
Form type
4
Filing time
25 Mar 2025, 06:46:40 UTC
Previous filing
12 May 2022
Next filing
25 Apr 2025
SEC
View on sec.gov

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 FAT Stock option (right to buy) Disposed to Issuer -15,318 -100% 0 18 Mar 2025 Class A Common Stock 15,318 $4.80 Direct F1
transaction FAT Stock option (right to buy) Award +15,318 15,318 18 Mar 2025 Class A Common Stock 15,318 $2.20 Direct F1
transaction FAT Stock option (right to buy) Disposed to Issuer -15,318 -100% 0 18 Mar 2025 Class A Common Stock 15,318 $10.68 Direct F2
transaction FAT Stock option (right to buy) Award +15,318 15,318 18 Mar 2025 Class A Common Stock 15,318 $8.08 Direct F2
transaction FAT Stock option (right to buy) Disposed to Issuer -75,000 -100% 0 18 Mar 2025 Class A Common Stock 75,000 $11.43 Direct F3
transaction FAT Stock option (right to buy) Award +75,000 75,000 18 Mar 2025 Class A Common Stock 75,000 $8.83 Direct F3
* 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 December 10, 2018 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 October 20, 2017 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.
F3 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 November 16, 2021 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.