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  4. [Form 4] Red Robin Gourmet Burgers Inc Insider Trading Activity

Red Robin (RRGB) board member boosts stake to 103,802 shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Form 4 highlight

On 20 June 2025, Red Robin Gourmet Burgers Inc. (RRGB) filed a Form 4 disclosing that director Anthony S. Ackil executed an open-market purchase of 14,910 common shares at an average price of $5.03 per share (transaction code “P”). The cash commitment totals roughly $75,000.

After the transaction, Ackil’s total direct beneficial ownership rose to 103,802 shares, of which 41,379 are time-based restricted stock units subject to vesting and forfeiture conditions. No derivative security activity, 10b5-1 plan usage, or dispositions were reported.

Insider buying—particularly by a board member—can signal management’s confidence in the issuer’s valuation and future prospects. While relatively small in dollar terms, the purchase increases Ackil’s equity exposure by about 17%, a meaningful vote of confidence for this small-cap casual-dining chain whose shares have experienced volatility.

Positive

  • Director purchase: 14,910 shares bought on the open market at $5.03, indicating insider confidence.
  • Increased alignment: Beneficial ownership now 103,802 shares, a 17% rise, enhancing board–shareholder alignment.

Negative

  • None.

Insights

TL;DR: Director’s $75k share purchase signals confidence; modest but positive for sentiment.

Insider activity is one of the more reliable qualitative indicators because executives and directors typically buy only when they believe the stock is undervalued. Ackil’s 14,910-share purchase at $5.03 lifts his stake to more than 100k shares and aligns his interests more closely with shareholders. Though the dollar amount is not large relative to Red Robin’s market cap, the incremental 17% increase in ownership strengthens governance alignment and sends a constructive message following recent share-price weakness. No red flags—such as concurrent sales or derivative hedging—appear in the filing, so the net signal is positive, albeit not transformative.

Insider Ackil Anthony S
Role Director
Bought 14,910 shs ($75K)
Type Security Shares Price Value
Purchase Common Stock 14,910 $5.03 $75K
Holdings After Transaction: Common Stock — 103,802 shares (Direct)
Footnotes (1)
  1. F1. Includes 41,379 time-based restricted stock units subject to vesting and forfeiture restrictions.

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

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Form 4 Insider Transactions: What Each Field Means →

FAQ

How many RRGB shares did director Anthony Ackil buy on 20 June 2025?
He purchased 14,910 shares of Red Robin common stock.

At what price were the RRGB shares bought according to the Form 4?
The shares were acquired at an average price of $5.03 per share.

What is Anthony Ackil’s total ownership in Red Robin after the transaction?
His direct beneficial ownership increased to 103,802 shares, including 41,379 restricted stock units.

Did the Form 4 report any derivative security transactions for RRGB?
No—no derivative securities were acquired or disposed of in this filing.

Why is insider buying considered important for RRGB investors?
Purchases by directors often signal perceived undervaluation and confidence in the company’s future performance.
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*
Ackil Anthony S
(Last) (First) (Middle)
10000 E. GEDDES AVE.
STE. 500
(Street)
ENGLEWOOD CO 80112
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
RED ROBIN GOURMET BURGERS INC [ RRGB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025
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
Common Stock 06/20/2025 P 14,910 A $5.03 103,802(1) D
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
Explanation of Responses:
1. Includes 41,379 time-based restricted stock units subject to vesting and forfeiture restrictions.
/s/ Carrie Etherton, Attorney-in-Fact 06/23/2025
** 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.

Source: View Original Filing on SEC EDGAR