Filing Details
- Accession Number:
- 0000899243-23-006405
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-28 16:30:38
- Reporting Period:
- 2023-02-24
- Accepted Time:
- 2023-02-28 16:30:38
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1723580 | Burgerfi International Inc. | BFI | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1334770 | Michael Rabinovitch | C/O Burgerfi International, Inc., 200 West Cypress Creek Rd., Suite 220 Fort Lauderdale FL 33309 | Cfo | No | Yes | 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 | Acquisiton | 2023-02-24 | 100,000 | $0.50 | 409,188 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2023-02-26 | 42,000 | $0.00 | 451,188 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-26 | 16,529 | $1.64 | 434,659 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2023-02-26 | 42,000 | $0.00 | 42,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 163,000 | No | 4 | M | Direct |
Footnotes
- The shares are part of a grant of 130,000 restricted stock units made on July 13, 2021 under the issuer's 2020 Omnibus Equity Incentive Plan (the "Plan"). The restricted stock units shall vest and be settled in shares of common stock in annual installments of 25,000 restricted stock units on February 26, 2022, 30,000 restricted stock units on February 26, 2023, 35,000 restricted stock units on February 26, 2023 and 40,000 restricted stock units on February 26, 2023, subject to the Reporting Person's achievement of certain key performance criteria and earlier vesting due to a change of control or certain termination or resignation events. On February 26, 2023, 40% of the portions eligible to vest on February 26, 2023 (the "2023 Portions") vested based on achievement of one of the Reporting Person's key performance criteria. A determination regarding satisfaction of the remaining key performance criteria with respect to the 2023 Portions has not yet been made.
- Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.
- Shares disposed of represent shares withheld by the issuer to pay taxes due upon vesting of restricted stock units.
Billionaire Hedge Funds
