RAVE insider grant: 17,112 RSUs with up to 25,668 shares

Rhea-AI Filing Summary

RAVE Restaurant Group (RAVE) reported an insider equity grant. On 10/20/2025, the Chief Financial Officer received 17,112 restricted stock units (transaction code A) at a price of $0. These are performance-based RSUs where each unit may deliver 50% to 150% of a common share depending on financial metrics, with a stated maximum of 25,668 common shares. The filing lists 10/15/2028 for the date exercisable and expiration date. Following the award, 35,803 derivative securities were beneficially owned, held direct.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rooney Jay

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	17,112	$0.00	--

Holdings After Transaction: Restricted Stock Units — 35,803 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 performance criteria 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 such unit. 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^*

Rooney Jay

(Last) (First) (Middle)

3551 PIANO PARKWAY

(Street)

THE COLONY TX 75065

(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 Financial 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		17,112		10/15/2028	10/15/2028	Common	25,668(2)	$0	35,803	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 performance criteria 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 such unit.

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

	/s/ Jay Rooney	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 did RAVE (RAVE) disclose in this Form 4?

The CFO received 17,112 performance-based RSUs on 10/20/2025, transaction code A.

What is the maximum share delivery from the RSUs for RAVE (RAVE)?

The filing shows a maximum of 25,668 common shares upon meeting all performance criteria.

What performance terms apply to the RAVE (RAVE) RSUs?

Each RSU may yield 50% to 150% of a share based on multiple financial metrics.

What dates are associated with the RAVE (RAVE) RSUs?

The filing lists 10/15/2028 as both the date exercisable and the expiration date.

What is the reported ownership after the transaction at RAVE (RAVE)?

The insider beneficially owned 35,803 derivative securities following the transaction, held direct.

What was the transaction price for the RAVE (RAVE) RSUs?

The RSUs were reported at a price of $0.