| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RGF | Class A Common Stock | Conversion of derivative security | $0 | +150K | $0.00 | 150K | Jul 25, 2023 | Direct | F1, F2 | |
| transaction | RGF | Class B Common Stock | Conversion of derivative security | $0 | -150K | -4.34% | $0.00 | 3.31M | Jul 25, 2023 | Direct | F1, F2, F3 |
| transaction | RGF | Class A Common Stock | Conversion of derivative security | $0 | +3.31M | +2204.01% | $0.00 | 3.46M | Aug 24, 2023 | Direct | F2, F4 |
| transaction | RGF | Class B Common Stock | Conversion of derivative security | $0 | -3.31M | -100% | $0.00* | 0 | Aug 24, 2023 | Direct | F2, F3, F4 |
| transaction | RGF | Class A Common Stock | Sale | -$13M | -3.46M | -100% | $3.75 | 0 | Aug 24, 2023 | Direct |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RGF | Class B Units | Conversion of derivative security | $0 | -150K | -4.34% | $0.00 | 3.31M | Jul 25, 2023 | Class A Common Stock | 150K | $0.00 | Direct | F1, F2, F3 |
| transaction | RGF | Class B Units | Conversion of derivative security | $0 | -3.31M | -100% | $0.00* | 0 | Aug 24, 2023 | Class A Common Stock | 3.31M | $0.00 | Direct | F2, F3, F4 |
Josh Schreider is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | These shares of the Issuer's Class A common stock, par value $0.0001 per share (the "Class A Shares"), were acquired by the Reporting Person upon the conversion of 150,000 Class B Units of Real Good Foods, LLC (the "Class B Units"), the successor to The Real Good Food Company LLC ("RGF, LLC"), owned by the Reporting Person. Concurrent with this conversion of Class B Units into Class A Shares, 150,000 shares of the Issuer's Class B common stock, par value $0.0001 per share (the "Class B Shares") were forfeited and cancelled. See footnotes (2) and (3). |
| F2 | In connection with the Issuer's initial public offering of the Class A Shares, the membership interests in RGF, LLC held by the members of RGF, LLC (each, a "Member") converted into Class B Units, and the Issuer issued one Class B Share for each Class B Unit held by the Members. Class B Shares are not convertible into any other security of the Issuer and confer no economic rights on the holders thereof. Except as provided in the Issuer's Amended and Restated Certificate of Incorporation or as otherwise required by applicable law, holders of Class B Shares are entitled to one vote per share on all matters to be voted on by holders of the Class A Shares. |
| F3 | At the Reporting Person's election, the Class B Units are exchangeable on a one-for-one basis for Class A Shares, or, at the Issuer's election, cash equal to a volume weighted average market price of one Class A Share for each Class B Unit so exchanged, in each case subject to the terms of that certain Exchange Agreement, dated as of November 4, 2021, by and among the Issuer, RGF, LLC, and the Members from time to time parties thereto. Upon any exchange, cancellation, or redemption of Class B Units, one Class B Share is automatically forfeited and cancelled for each Class B Unit so exchanged, cancelled, or redeemed. There is no specified exercise date associated with the Class B Units and the Class B Units do not expire. |
| F4 | These Class A Shares were acquired by the Reporting Person upon the conversion of 3,306,022 Class B Units owned by the Reporting Person. Concurrent with this conversion of Class B Units into Class A Shares, 3,306,022 Class B Shares were forfeited and cancelled. See footnotes (2) and (3). |