Form 4: Fat Brands Director Andrew Wiederhorn Acquires Shares

Director Andrew Wiederhorn of Fat Brands, Inc. purchased 1,000 shares of Class B Common Stock on November 22, 2024.

Summary

• Andrew Wiederhorn, a director at Fat Brands, Inc., acquired 1,000 shares of Class B Common Stock on November 22, 2024.
• The purchase price was $4.4992 per share.
• Following the transaction, Mr. Wiederhorn directly owns 11,079 shares of Class B Common Stock.
• He also indirectly owns 707,534 shares through Fog Cutter Holdings LLC.
• Mr. Wiederhorn disclaims beneficial ownership of the shares held by Fog Cutter except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine transaction. It does not indicate any positive or negative sentiment.

Management Comments

• Mr. Wiederhorn disclaims beneficial ownership of the shares held by Fog Cutter except to the extent of his pecuniary interest.

Industry Context

This is a routine filing related to insider trading activity and is common for directors and officers of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as directors, in accordance with SEC regulations.
• The transaction is relatively small in volume compared to typical institutional trading activity, but is still relevant for transparency purposes.
• Similar filings are made by directors and officers of other publicly traded companies like McDonald's, Starbucks, and Restaurant Brands International when they buy or sell shares of their respective companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a director's personal investment decision.

Key Dates

Keywords

Fat Brands, Andrew Wiederhorn, Class B Common Stock, share purchase, insider trading, Fog Cutter Holdings LLC, director