RAVE insider Form 4: 99,464 performance RSUs to CEO on 10/20/2025

Rhea-AI Filing Summary

RAVE Restaurant Group (RAVE) reported an insider transaction on a Form 4. CEO Brandon Solano acquired 99,464 restricted stock units (RSUs) on 10/20/2025 (Transaction Code A). Each RSU is performance-based and can deliver 50% to 150% of a share, for a maximum of 149,196 shares if all criteria are met. The RSUs carry a price of $0. After the transaction, 258,236 derivative securities were beneficially owned, held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Solano Brandon

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	99,464	$0.00	--

Holdings After Transaction: Restricted Stock Units — 258,236 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performancecriteria are based on multiple financial metrics which, if at least minimum criteria are achieved my yield from 50% to 150% of a share of common stock representing suchunit. Represents the maximum amount of shares that may be received upon successfully meeting all performance criteria.

Form 4 Insider Transactions: What Each Field Means →

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^*

Solano Brandon

(Last) (First) (Middle)

3551 PLANO PARKWAY

(Street)

THE COLONY TX 75056

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RAVE RESTAURANT GROUP, INC. [ RAVE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/20/2025

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

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	(1)	10/20/2025		A		99,464		10/15/2025	10/15/2025	CommonStock	149,196(2)	$0	258,236	D

Explanation of Responses:

1. Each restricted stock unit represents the right to receive shares of common stock upon satisfaction of vesting requirements and performance criteria. The performancecriteria are based on multiple financial metrics which, if at least minimum criteria are achieved my yield from 50% to 150% of a share of common stock representing suchunit.

2. Represents the maximum amount of shares that may be received upon successfully meeting all performance criteria.

	/s/ Brandon Solano	10/22/2025
	** 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 insider transaction did RAVE (RAVE) disclose?

The CEO, Brandon Solano, acquired 99,464 performance-based RSUs on 10/20/2025 (Code A).

How many shares could the RAVE RSUs deliver at maximum?

Up to 149,196 shares may be received if all performance criteria are met.

What is the payout range per RSU for RAVE?

Each RSU can deliver 50% to 150% of a share based on performance metrics.

What was the price of the RSUs reported by RAVE?

The RSUs were reported at a price of $0.

How many derivative securities does the RAVE CEO own after the transaction?

Following the transaction, the CEO beneficially owned 258,236 derivative securities, held directly.

Who filed the Form 4 for RAVE and in what capacity?

It was filed by Brandon Solano, serving as Chief Executive Officer.