[Form 4] CRACKER BARREL OLD COUNTRY STORE, INC Insider Trading Activity

Rhea-AI Filing Summary

Richard M. Wolfson, Senior Vice President & General Counsel of Cracker Barrel Old Country Store, Inc. (CBRL), reported awards under the company's annual long-term incentive plan on 09/25/2025. He received 4,803 restricted stock units (RSUs) that vest ratably over three years (9/30/26, 9/30/27, 9/30/28) and 11,334 stock options with a $43.80 exercise price that also vest ratably over the same three-year schedule and become exercisable beginning 09/25/2026 with an expiration of 09/25/2035. After the award, Mr. Wolfson beneficially owns 27,201 shares and holds 11,334 options.

Positive

• Time-based RSU award of 4,803 shares that vests over three years, supporting retention
• Stock option award of 11,334 options with a defined exercise price of $43.80 and long-term expiration (09/25/2035), aligning executive incentives
• Post-award beneficial ownership disclosed: 27,201 shares and 11,334 options, providing transparency

Negative

• None.

Insights

Compensation/Corporate Governance Analyst

TL;DR: Routine annual LTI grants align the general counsel with shareholder outcomes; vesting schedule is standard multi-year retention.

The award consists of time-based RSUs and stock options granted under the company's long-term incentive plan, vesting ratably over three years. The option strike of $43.80 and a ten-year term to 2035 are disclosed. This is a customary executive compensation action meant to retain and incentivize the officer; there is no disclosure of exercised options, sales, or other unusual transactions in this filing.

Securities/Insider Transactions Specialist

TL;DR: Form 4 reports only grant awards; no transfers or dispositions that would alter control or liquidity are shown.

The filing reports acquisition codes for both RSUs and options on 09/25/2025 with amounts and post-transaction beneficial ownership levels. All holdings are reported as Direct (D). There is no indication of hedging, dispositions, or joint filings that would materially change investor assessment beyond normal executive compensation disclosures.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Wolfson Richard M

(Last) (First) (Middle)

305 HARTMANN DRIVE

(Street)

LEBANON TN 37087

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CRACKER BARREL OLD COUNTRY STORE, INC [ CBRL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Generral Counsel

3. Date of Earliest Transaction (Month/Day/Year)
09/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/25/2025		A		4,803(1)	A	$0.00	27,201	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	$43.8	09/25/2025		A		11,334(2)		09/25/2026	09/25/2035	Common Stock	11,334	$0.00	11,334	D

Explanation of Responses:

1. Represents an annual LTI plan award of time-based RSUs which will vest ratably over three years in equal installments on 9/30/26, 9/30/27, and 9/30/28.

2. Represents an annual LTI plan award of stock options which will vest ratably over three years in equal installments on 9/30/26, 9/30/27, and 9/30/28.

Remarks:

	Richard M. Wolfson	09/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Richard M. Wolfson report on Form 4 for CBRL?

He reported receipt of 4,803 RSUs and 11,334 stock options granted on 09/25/2025 under the company's LTI plan.

When do the RSUs and stock options vest for the CBRL filing?

Both the RSUs and options vest ratably over three years in equal installments on 9/30/26, 9/30/27, and 9/30/28.

What is the exercise price and expiration of the options reported by Wolfson?

The reported exercise price is $43.80; the options become exercisable beginning 09/25/2026 and expire on 09/25/2035.

How many shares does Wolfson own after the reported transaction?

After the transaction, he beneficially owns 27,201 shares and holds 11,334 options as reported on the form.

Were there any dispositions, sales, or exercises reported in this Form 4?

No. The filing reports only acquisitions (grant awards) and does not disclose any dispositions, sales, or option exercises.