Noble Romans chair exercises 450K warrants
Noble Romans Inc Executive Chairman and CFO Paul W. Mobley exercised warrants to acquire 450,000 shares of Noble Romans common stock at $0.10 per share.
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Form Type
4
Rhea-AI Filing Summary
Noble Romans Inc Executive Chairman and CFO Paul W. Mobley exercised warrants to acquire 450,000 shares of Noble Romans common stock at $0.10 per share. The exercise converted Redeemable Class A Warrants into common stock, leaving no warrants of this class outstanding and bringing his directly held position to 3,252,702 shares.
Insider Trade Summary
450,000 shares exercised/converted
Exercise
2 txns
Insider
MOBLEY PAUL W
Role
Executive Chairman and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Redeemable Common Stock Purchase Class A Warrant | 450,000 | $0.00 | $0.00 |
| In-the-Money Exercise | Noble Roman's Common Stock | 450,000 | $0.10 | $45K |
Holdings After Transaction:
Redeemable Common Stock Purchase Class A Warrant — 0 contracts (Direct);
Noble Roman's Common Stock — 3,252,702 shares (Direct)
Footnotes (1)
- F1. In connection with certain refinancing transactions, the Company extended the expiration date of the applicable warrants to the date on which certain of the Company's senior indebtedness was repaid.
Key Figures
Warrants exercised: 450,000 shares
Exercise price: $0.10 per share
Common shares after transaction: 3,252,702 shares
+2 more
5 metrics
Warrants exercised
450,000 shares
Redeemable Common Stock Purchase Class A Warrant converted to common stock
Exercise price
$0.10 per share
Conversion of warrants into Noble Romans common stock
Common shares after transaction
3,252,702 shares
Direct holdings of Paul W. Mobley following warrant exercise
Warrants remaining
0 warrants
Redeemable Common Stock Purchase Class A Warrant balance after exercise
Derivative exercise count
1 transaction
In-the-money derivative exercise recorded in transaction summary
Key Terms
in-the-money derivative exercise, Redeemable Common Stock Purchase Class A Warrant, senior indebtedness, refinancing transactions
4 terms
in-the-money derivative exercise financial
"transaction_action: "in-the-money derivative exercise""
Redeemable Common Stock Purchase Class A Warrant financial
"security_title: "Redeemable Common Stock Purchase Class A Warrant""
senior indebtedness financial
"the date on which certain of the Company's senior indebtedness was repaid"
Senior indebtedness is the portion of a company’s debt that must be repaid before other debts if the company runs into trouble or is liquidated. Think of it like having first dibs on a limited pot of money — lenders holding senior debt are paid first, so their loans are less risky but may carry lower interest. Investors watch senior indebtedness to judge recovery chances and relative risk in a default.
refinancing transactions financial
"In connection with certain refinancing transactions, the Company extended the expiration date"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NROM Executive Chairman Paul Mobley report on this Form 4?
Paul W. Mobley reported exercising warrants to acquire 450,000 Noble Romans common shares. The warrants were Redeemable Common Stock Purchase Class A Warrants, converted at $0.10 per share into common stock, increasing his direct holdings without any reported open-market sale.
At what price were the Noble Romans (NROM) warrants exercised in this filing?
The warrants were exercised at $0.10 per share into Noble Romans common stock. This in-the-money derivative exercise converted Redeemable Class A Warrants into 450,000 common shares, with the derivative position in this warrant class reduced to zero after the transaction.
What derivative security was involved in Paul Mobley’s NROM Form 4 transaction?
The transaction involved a Redeemable Common Stock Purchase Class A Warrant. Mobley exercised 450,000 warrant units into 450,000 Noble Romans common shares at $0.10 per share, leaving no remaining warrants of this specific class reported after the exercise.
Does the NROM Form 4 show any open-market buying or selling by Paul Mobley?
The Form 4 shows an in-the-money derivative exercise, not an open-market trade. Mobley converted 450,000 Redeemable Class A Warrants into common shares at $0.10 per share, with no reported open-market purchase or sale transactions in this filing.
What does the footnote about refinancing transactions mean in the NROM Form 4?
The footnote explains that, in connection with certain refinancing transactions, the company extended the expiration date of applicable warrants until specified senior indebtedness was repaid. This context ties the warrant terms to the company’s refinancing and debt repayment activities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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