Form 4: FAT Brands Director Acquires Stock Options
SEC Form 4 Filing
Mark Elenowitz, a director of FAT Brands, Inc., acquired stock options for 30,636 shares of Class A Common Stock on March 18, 2025.
Summary
- On March 18, 2025, Mark Elenowitz, a director of FAT Brands, Inc., acquired stock options to purchase 30,636 shares of Class A Common Stock.
- The exercise price of the stock options is $3.12.
- The options vest in three equal annual installments starting on the first anniversary of the grant date.
- The options expire on March 18, 2035.
- Following the transaction, Elenowitz directly owns options for 30,636 shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock option grants, indicating a neutral sentiment.
Industry Context
This is a standard Form 4 filing, reflecting a change in beneficial ownership by a company insider. It is common for directors and officers to receive stock options as part of their compensation.
Stakeholder Impact
- The granting of stock options to a director can align their interests with those of shareholders, potentially incentivizing them to increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of earliest transaction: Mark Elenowitz acquired stock options. |
| 03/18/2025 | Grant date of the stock options. |
| 03/20/2025 | Date of signature on the Form 4 filing. |
| 03/18/2035 | Expiration date of the stock options. |
Keywords
FAT Brands, Stock Options, Director, Form 4, Elenowitz, Beneficial Ownership, Equity Securities
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