Performance RSUs granted to ONE Group (STKS) CFO Nicole Thaung

Rhea-AI Filing Summary

Thaung Nicole reported acquisition or exercise transactions in this Form 4 filing.

ONE Group Hospitality Chief Financial Officer Nicole Thaung reported two stock awards of the company’s common stock. She received 32,552 shares at a reference price of $1.92 per share and an additional 36,169 shares at no cost, bringing her direct holdings to 142,019 shares.

According to a footnote, the awards represent performance-based restricted stock units issued under the company’s 2019 Equity Incentive Plan. These RSUs may be earned any time before the third anniversary of the grant if the company achieves a 15% year-over-year increase in compounded annual growth rate in the volume-weighted average price of its stock.

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

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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^*

Thaung Nicole

(Last) (First) (Middle)

1624 MARKET ST., STE 311

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ONE Group Hospitality, Inc. [ STKS ]

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)
03/03/2026

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	03/03/2026		A		32,552	A	$1.92	105,850	D
Common Stock	03/03/2026		A		36,169(1)	A	$0	142,019	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. Represents a performance-based grant of restricted stock units (RSUs) issued under the Issuer's 2019 Equity Incentive Plan. The performance-based RSUs may be earned at any time prior to the third anniversary of the grant based on attaining a 15% year-over-year increase in compounded annual growth rate in the volume-weighted average price of the Company's stock.

	/s/ Christi Hing, Attorney-in-Fact	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did ONE Group (STKS) CFO Nicole Thaung report?

Nicole Thaung reported two stock awards of ONE Group common stock. She received 32,552 shares at a reference price of $1.92 and 36,169 shares at no cost, increasing her direct ownership to 142,019 shares.

How many ONE Group (STKS) shares does the CFO own after this Form 4?

After these awards, CFO Nicole Thaung directly owns 142,019 shares of ONE Group common stock. This total reflects the addition of 32,552 shares at $1.92 and 36,169 shares granted with a zero purchase price.

Were the ONE Group (STKS) CFO’s new shares an open-market purchase?

No, the filing shows grant/award acquisitions, not open-market buying. Both transactions are coded as “A” for awards of common stock, with one block at a reference price of $1.92 and another block granted at $0.00 per share.

What plan governs the CFO’s new ONE Group (STKS) stock awards?

The awards are issued under ONE Group’s 2019 Equity Incentive Plan. A footnote explains that they represent performance-based restricted stock units (RSUs) tied to stock price growth over a specified period, rather than simple time-based vesting.

What performance condition applies to the ONE Group (STKS) CFO’s RSUs?

The RSUs may be earned before the third anniversary of the grant. Earning requires achieving a 15% year-over-year increase in compounded annual growth rate in the volume-weighted average price of ONE Group’s stock over the measurement period.

Do the ONE Group (STKS) CFO’s RSUs vest immediately?

They do not automatically vest; they are performance-based RSUs. According to the footnote, they may be earned any time before the third anniversary of the grant if the specified 15% CAGR stock price performance condition is met.