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

Rhea-AI Filing Summary

Christopher Bryant Edwards, SVP and Chief Strategy Officer of Cracker Barrel Old Country Store, Inc. (CBRL), reported equity awards granted on 09/25/2025. He received 2,794 restricted stock units (RSUs) under the annual long-term incentive (LTI) plan and 6,594 stock options with an exercise price of $43.80. The RSUs have no purchase price and the options cover 6,594 underlying shares.

Both awards vest ratably over three years with equal installments on 09/30/2026, 09/30/2027, and 09/30/2028. The stock options become exercisable beginning 09/25/2026 and expire 09/25/2035. After the RSU grant, Mr. Edwards directly beneficially owns 6,494 shares. The Form 4 was signed on 09/29/2025 by an attorney-in-fact.

Insights

Compensation Analyst

TL;DR: Routine annual LTI awards that vest over three years; aligns executive pay with multi-year performance but is standard practice.

The awards reported are time-based RSUs and stock options under the companys annual LTI plan. Vesting is ratable over three years, which is typical for retention and alignment with shareholder value. The option exercise price of $43.80 and a 10-year term to 09/25/2035 are standard features. There is no indication of performance-based conditions in this filing and the grants appear to be ordinary annual compensation rather than one-time special awards.

Corporate Governance Expert

TL;DR: Disclosure shows routine insider grant and ownership; no governance red flags or unusual transaction terms in this filing.

The Form 4 discloses direct beneficial ownership and newly granted awards with clear vesting schedules. The use of an attorney-in-fact to sign the form is properly noted. The filing does not report sales, accelerated vesting, related-party transactions, or deviations from standard LTI plan mechanics. From a governance standpoint, the disclosure meets Section 16 reporting requirements and provides transparent timelines for vesting and exercisability.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Edwards Christopher Bryant

(Last) (First) (Middle)

305 S. 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, Chief Strategy Officer

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		2,794(1)	A	$0.00	6,494	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		6,594(2)		09/25/2026	09/25/2035	Common Stock	6,594	$0.00	6,594	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:

	Christopher Bryant Edwards by Richard M. Wolfson, attorney in fact	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 equity awards did CBRL executive Christopher Bryant Edwards receive on 09/25/2025?

He received 2,794 RSUs and 6,594 stock options under the annual LTI plan on 09/25/2025.

What is the exercise price and term for the stock options granted to Christopher Edwards (CBRL)?

The stock options have an exercise price of $43.80 and an expiration date of 09/25/2035.

When do the RSUs and options granted to the CBRL executive vest?

Both the RSUs and the options vest ratably in three equal annual installments on 09/30/2026, 09/30/2027, and 09/30/2028.

How many shares does Christopher Edwards beneficially own after the reported RSU grant?

Following the reported transaction, he directly beneficially owns 6,494 shares of common stock.

Was the Form 4 for CBRL signed and when?

The Form 4 was signed on behalf of Christopher Edwards by an attorney-in-fact and dated 09/29/2025.