Mark E. Schwarz - Jun 27, 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
Jun 27, 2022
Transactions value $
$0
Form type
4
Date filed
6/27/2022, 12:42 PM
Previous filing
Jun 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RAVE Common Stock 141K Jun 27, 2022 Direct
holding RAVE Common Stock 3.09M Jun 27, 2022 Shares directly owned by Newcastle Partners, L.P. F1

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 RAVE Director Stock Option (right to buy) Award $0 +40K $0.00 40K Jun 27, 2022 Common Stock 40K $1.06 Direct F2
holding RAVE Director Stock Option (right to buy) 40K Jun 27, 2022 Common Stock 40K $3.95 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 2012 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"). Accordingly, Mr. Schwarz may be deemed the beneficial owner of all shares held by any of the Trust, NCMS, NCG, NCM or NP.
F2 Granted as director stock options.