Mark E. Schwarz - May 19, 2022 Form 4 Insider Report for RAVE RESTAURANT GROUP, INC. (RAVE)

Role
Chairman, Director, 10%+ Owner
Signature
Steven D. Davidson as Attorney-in-Fact for each Reporting Person
Stock symbol
RAVE
Transactions as of
May 19, 2022
Transactions value $
$31,514
Form type
4
Date filed
5/23/2022, 04:43 PM
Previous filing
May 18, 2022
Next filing
May 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RAVE Common Stock Purchase $10K +11.3K +0.37% $0.89 3.04M May 19, 2022 Directly owned by Newcastle Partners, L.P. F1
transaction RAVE Common Stock Purchase $9.2K +10.5K +0.34% $0.88 3.05M May 20, 2022 Directly owned by Newcastle Partners, L.P. F1
transaction RAVE Common Stock Purchase $12.3K +14.1K +0.46% $0.87 3.06M May 23, 2022 Directly owned by Newcastle Partners, L.P. F1
holding RAVE Common Stock 141K May 19, 2022 Direct

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
holding RAVE Director Stock Option (right to buy) 40K May 19, 2022 Common Stock 40K $3.95 Direct
holding RAVE Director Stock Option (right to buy) 15K May 19, 2022 Common Stock 15K $3.11 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Schwarz is the sole trustee of the Schwarz 2021 Family Trust (the "Trust") and a director and officer of NCM Services, Inc. ("NCMS"). The Trust is the sole shareholder of NCMS, which is the sole member of Newcastle Capital Group, L.L.C. ("NCG"), which is the general partner of Newcastle Capital Management, L.P. ("NCM"), which is the general partner of Newcastle Partners, L.P. ("NP").