Form 4: CEO Zink Converts RSUs to GTIM Common Stock

Sentiment:

Insider Ownership Change 12 November 2025 7:02 AM

📋All filings for Good Times Restaurants INC

Good Times Restaurants CEO Ryan M. Zink converted 1,750 Restricted Stock Units into common stock, increasing his direct beneficial ownership.

Summary

Ryan M. Zink, CEO and Director of Good Times Restaurants Inc. (GTIM), reported a change in beneficial ownership.
On November 8, 2025, Mr. Zink acquired 1,750 shares of Common Stock through the conversion upon vesting of Restricted Stock Units (RSUs).
These RSUs were granted on November 8, 2022, and vested on November 8, 2025.
The transaction was made pursuant to a Rule 10b5-1 plan, indicating a pre-scheduled event.
Following this transaction, Mr. Zink directly beneficially owns 122,809 shares of Common Stock.
Additionally, 6,300 shares are indirectly beneficially owned through his spouse's IRA.
Mr. Zink also holds various Incentive Stock Options (ISOs) with exercise prices ranging from $2.33 to $5.20, totaling 237,876 options, which remain outstanding.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine, pre-scheduled transaction (vesting of RSUs) that increases the CEO's direct beneficial ownership, which is generally viewed as a positive alignment of interests. However, it does not provide new operational or financial insights.

Positives

The vesting and conversion of Restricted Stock Units into common stock is a positive event for the executive, representing earned compensation.
The increase in direct beneficial ownership by the CEO further aligns management's interests with those of shareholders.

Risks

This Form 4 filing primarily reports a change in beneficial ownership and does not introduce new company-specific risks. Existing risks related to the company's operations, market conditions, and stock performance remain relevant.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic direction. It solely reports a change in beneficial ownership.

Industry Context

This insider transaction is specific to Good Times Restaurants Inc. and its CEO. It does not provide broader industry trends or competitive insights. Such transactions are common across industries as part of executive compensation and ownership structures.

Stakeholder Impact

Shareholders: The increase in direct beneficial ownership by the CEO may be viewed positively as it enhances alignment between management and shareholder interests.
Employees: No direct impact on employees is indicated by this filing.

Key Dates

Date	Description
10/12/2018	Grant date for 15,000 Incentive Stock Options.
11/16/2018	Grant date for 12,876 Incentive Stock Options.
12/24/2020	Grant date for 90,000 Incentive Stock Options.
04/05/2021	Vesting conditions met for 90,000 Incentive Stock Options.
09/29/2021	Grant date for 80,000 Incentive Stock Options.
11/08/2022	Grant date for 1,750 Restricted Stock Units and 20,000 Incentive Stock Options.
11/13/2023	Grant date for 20,000 Incentive Stock Options.
11/08/2025	Transaction date for RSU conversion, vesting date for 1,750 RSUs, and expiration date for 1,750 RSUs.
11/10/2025	Signature date of the reporting person.
09/29/2028	Expiration date for 80,000 Incentive Stock Options.
10/12/2028	Expiration date for 15,000 Incentive Stock Options.
11/16/2028	Expiration date for 12,876 Incentive Stock Options.
11/08/2032	Expiration date for 20,000 Incentive Stock Options (granted 11/08/2022).
11/13/2033	Expiration date for 20,000 Incentive Stock Options (granted 11/13/2023).

Recommendation

hold

This Form 4 filing details a routine, pre-scheduled conversion of Restricted Stock Units into common stock by the CEO. While it increases direct beneficial ownership, indicating alignment, it does not provide new financial or operational data to warrant a change in investment thesis. Investors should consider broader company performance, market conditions, and other financial disclosures for a comprehensive investment decision.

Keywords

Good Times Restaurants, GTIM, Ryan M Zink, CEO, Form 4, SEC filing, beneficial ownership, common stock, restricted stock units, incentive stock options, insider transaction, Rule 10b5-1

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