RED ROBIN (RRGB) COO auto-sells 1,008 shares in tax sell-to-cover
Rhea-AI Filing Summary
RED ROBIN GOURMET BURGERS INC Chief Operations Officer Jesse Griffith reported an automatic sale of 1,008 shares of common stock on April 6, 2026, at $3.029 per share. The company sold these shares on his behalf to cover tax withholding obligations and related fees from the vesting of 2,610 time-based restricted stock units granted in April 2023. These sell-to-cover transactions were not discretionary trades. After the sale, Griffith directly holds 37,818 shares of common stock, including 20,738 shares subject to vesting and forfeiture restrictions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,008 shares ($3,053)
Net Sell
1 txn
Insider
Griffith Jesse
Role
Chief Operations Officer
Sold
1,008 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,008 | $3.029 | $3K |
Holdings After Transaction:
Common Stock — 37,818 shares (Direct)
Footnotes (1)
- Represents the sale of shares by the issuer on behalf of the reporting person pursuant to automatic "sell-to-cover" transactions to cover tax withholding obligations and fees arising due to the vesting of 2,610 time-based restricted stock units that were granted to the reporting person on April 03, 2023 under the issuer's 2017 Performance Incentive Plan, as amended. These sell to cover transactions do not represent discretionary trades by the reporting person. The price reported is the actual sale price of the shares. The shares were sold in a single transaction at $3.029 per share. Includes 20,738 shares subject to vesting and forfeiture restrictions.
Key Figures
Shares sold: 1,008 shares
Sale price: $3.029 per share
Shares after transaction: 37,818 shares
+2 more
5 metrics
Shares sold
1,008 shares
Automatic sell-to-cover on April 6, 2026
Sale price
$3.029 per share
Price for 1,008 shares in a single transaction
Shares after transaction
37,818 shares
Direct holdings following the reported sale
Vesting RSUs
2,610 units
Time-based restricted stock units that vested
Unvested/Restricted shares
20,738 shares
Shares subject to vesting and forfeiture restrictions
Key Terms
sell-to-cover, restricted stock units, vesting, Performance Incentive Plan, +1 more
5 terms
sell-to-cover financial
"Represents the sale of shares by the issuer on behalf of the reporting person pursuant to automatic "sell-to-cover" transactions"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
restricted stock units financial
"due to the vesting of 2,610 time-based restricted stock units that were granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"due to the vesting of 2,610 time-based restricted stock units"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Performance Incentive Plan financial
"under the issuer's 2017 Performance Incentive Plan, as amended"
forfeiture restrictions financial
"Includes 20,738 shares subject to vesting and forfeiture restrictions"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did RRGB executive Jesse Griffith report on this Form 4?
Jesse Griffith reported an automatic sale of 1,008 shares of RED ROBIN common stock. The shares were sold at $3.029 each to cover tax withholding obligations tied to recently vesting restricted stock units.
Was Jesse Griffith’s RRGB stock sale a discretionary trade or automatic sell-to-cover?
The sale was an automatic sell-to-cover transaction, not a discretionary trade. Shares were sold by the company on his behalf solely to cover tax withholding obligations and fees from restricted stock unit vesting.
What triggered the sell-to-cover transaction for RRGB’s Chief Operations Officer?
The sell-to-cover occurred because 2,610 time-based restricted stock units vested for Jesse Griffith. To satisfy tax withholding obligations and fees from this vesting, 1,008 shares were sold automatically at $3.029 per share.