GTIM CEO reports 1,750 RSUs vested; now holds 122,809 shares

Good Times Restaurants (GTIM) CEO and director Ryan M. Zink reported an insider transaction on 11/08/2025.

Rhea-AI Filing Summary

Good Times Restaurants (GTIM) CEO and director Ryan M. Zink reported an insider transaction on 11/08/2025. 1,750 restricted stock units converted to common stock upon vesting (Code M) at $0.00. After the transaction, he holds 122,809 shares directly and 6,300 shares indirectly via a spouse’s IRA.

Outstanding awards include stock options such as 20,000 at $2.51 expiring 11/13/2033 and 20,000 at $3.00 expiring 11/08/2032, among other grants detailed in the filing.

Insider Trade Summary

1,750 shares exercised/converted

Exercise 9 txns

Insider Zink Ryan M

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,750	$0.00	$0.00
Exercise	Common Stock	1,750	$0.00	$0.00
holding	Incentive Stock Options	--	--	--
holding	Incentive Stock Options	--	--	--
holding	Incentive Stock Options	--	--	--
holding	Incentive Stock Options	--	--	--
holding	Incentive Stock Option	--	--	--
holding	Incentive Stock Options	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 122,809 shares (Direct); Incentive Stock Options — 222,876 contracts (Direct); Incentive Stock Option — 15,000 contracts (Direct); Common Stock — 6,300 shares (Indirect, Shares held in spouse's IRA)

Footnotes (7)

1. F1. Represents the conversion upon vesting of Restricted Stock Units into common stock. The Reporting Person was granted 1,750 Restricted Stock Units on November 8, 2022 vesting on November 8, 2025. Such Restricted Stock Units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
2. F2. The Reporting Person was granted 20,000 Incentive Stock Options on November 13, 2023, vesting ratably over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
3. F3. The Reporting Person was granted 20,000 Incentive Stock Options on November 8, 2022, vesting ratably over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
4. F4. The Reporting Person was granted 80,000 Incentive Stock Options on September 29, 2021. The shares awarded include a vesting condition whereby the vesting shall occur on the date on which the price of the Company's common stock (as traded on the Nasdaq Capital Market) is $6.00, as measured based on the trailing 60 calendar day volume-weighted average price (VWAP). Such Incentive Stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
5. F5. The Reporting Person was granted 90,000 Incentive Stock Options on December 24, 2020. Such Incentive Stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission. The vesting conditions were met on April 5, 2021.
6. F6. The Reporting Person was granted 15,000 Incentive Stock Options on October 12, 2018 vesting ratably over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.
7. F7. The Reporting Person was granted 12,876 Incentive Stock Options on November 16, 2018 vesting ratably over five years. Such Incentive Stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did GTIM’s CEO report on Form 4?

Ryan M. Zink reported the vesting and conversion of 1,750 RSUs into common stock (Code M) on 11/08/2025 at $0.00.

How many GTIM shares does the CEO own after the transaction?

He beneficially owns 122,809 shares directly and 6,300 shares indirectly via a spouse’s IRA.

Were any GTIM shares sold in this filing?

The filing lists an RSU conversion (Code M) with $0.00 price and shows the shares as acquired.

What derivative awards are disclosed for GTIM’s CEO?

Examples include options for 20,000 shares at $2.51 expiring 11/13/2033 and 20,000 at $3.00 expiring 11/08/2032.

What is the earliest transaction date in the Form 4?

11/08/2025.

What roles does Ryan M. Zink hold at GTIM?

He is a Director and Chief Executive Officer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/12/2025 - 07:02 AM Learn about SEC filing dates

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Zink Ryan M

(Last) (First) (Middle)

651 CORPORATE CIRCLE

SUITE 200

(Street)

GOLDEN CO 80401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Good Times Restaurants Inc. [ GTIM ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/08/2025

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	11/08/2025		M		1,750	A	$0.00	122,809	D
Common Stock								6,300	I	Shares held in spouse's IRA

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
Restricted Stock Units	$0.00	11/08/2025		M			1,750	11/08/2025(1)	11/08/2025	Common Stock	1,750	$0.00	0	D
Incentive Stock Options	$2.51							(2)	11/13/2033	Common Stock	20,000		20,000	D
Incentive Stock Options	$3							(3)	11/08/2032	Common Stock	20,000		20,000	D
Incentive Stock Options	$5.2							(4)	09/29/2028	Common Stock	80,000		80,000	D
Incentive Stock Options	$2.33							(5)	12/24/2027	Common Stock	90,000		90,000	D
Incentive Stock Option	$5							(6)	10/12/2028	Common Stock	15,000		15,000	D
Incentive Stock Options	$4.66							(7)	11/16/2028	Common Stock	12,876		12,876	D

Explanation of Responses:

1. Represents the conversion upon vesting of Restricted Stock Units into common stock. The Reporting Person was granted 1,750 Restricted Stock Units on November 8, 2022 vesting on November 8, 2025. Such Restricted Stock Units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.

2. The Reporting Person was granted 20,000 Incentive Stock Options on November 13, 2023, vesting ratably over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.

3. The Reporting Person was granted 20,000 Incentive Stock Options on November 8, 2022, vesting ratably over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.

4. The Reporting Person was granted 80,000 Incentive Stock Options on September 29, 2021. The shares awarded include a vesting condition whereby the vesting shall occur on the date on which the price of the Company's common stock (as traded on the Nasdaq Capital Market) is $6.00, as measured based on the trailing 60 calendar day volume-weighted average price (VWAP). Such Incentive Stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.

5. The Reporting Person was granted 90,000 Incentive Stock Options on December 24, 2020. Such Incentive Stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission. The vesting conditions were met on April 5, 2021.

6. The Reporting Person was granted 15,000 Incentive Stock Options on October 12, 2018 vesting ratably over five years. Such Incentive Stock Options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.

7. The Reporting Person was granted 12,876 Incentive Stock Options on November 16, 2018 vesting ratably over five years. Such Incentive Stock options were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission.

	Ryan M Zink	11/10/2025
	** 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.
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