George R. Bracken - Dec 28, 2023 Form 4 Insider Report for NATIONAL BEVERAGE CORP (FIZZ)

Role
EVP - FINANCE
Signature
/s/ George R. Bracken
Stock symbol
FIZZ
Transactions as of
Dec 28, 2023
Transactions value $
$138,000
Form type
4
Date filed
1/2/2024, 04:45 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIZZ Common Stock Options Exercise $138K +30K +10.57% $4.60* 314K Dec 28, 2023 Direct 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 FIZZ Special Stock Option Options Exercise -30K -71.43% 12K Dec 28, 2023 COMMON STOCK 30K $4.60 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options granted under the Company's Special Stock Option Plan vest over an eight-year period in relatively equal amounts at approximately 16-month intervals. The exercise price can be reduced and the vesting schedule can be accelerated by the optionee purchasing and maintaining ownership of shares of common stock and/or the Company achieving performance objectives as determined by the Board of Directors. Mr. Bracken's option was granted on August 27, 2014, became fully vested on April 27, 2023, and was set to expire on August 26, 2024. Reference is made to Exhibit 10.6 of the Company's Form 10-K for the year ended April 29, 2023.