Filing Details

Accession Number:
0001680070-21-000003
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-08-27 16:34:31
Reporting Period:
2021-08-23
Accepted Time:
2021-08-27 16:34:31
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
709005 Noble Romans Inc NROM Retail-Eating Places (5812) 351281154
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1680070 Marcel Herbst 2846 N Southport Ave
3N
Chicago IL 60657-4125
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2021-08-23 11,375 $0.60 259,625 No 4 S Indirect footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect footnote
Footnotes
  1. The shares were sold in multiple transactions between the dates of 8/23/21 and 8/24/21. The reporting person undertakes to provide to Noble Romans Corp., any security holder of Noble Romans Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
  2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions. The reporting person undertakes to provide to Noble Romans Corp., any security holder of Noble Romans Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
  3. 73625 shares are held in the account of Herbst Capital Management, LLC. (the ""fund"") for which Herbst Capital Partners, LLC (the ""General Partner"") serves as its manager. Marcel Herbst is the General Manager of Herbst Capital Partners, LLC and also serves as the Portfolio Manager of Herbst Capital Management, LLC. Mr. Herbst may be deemed to beneficially own these securities held by the fund by virtue of the General Partner's position in the fund and Mr. Herbst's status as the general manager of the General Partner and his status as portfolio manager of the fund. 10000 shares are held direct. 176000 shares are held in individual client accounts over which Marcel Herbst has discretionary trading authority. By virtue of this discretionary trading authority, these shares can be deemed beneficially owned"