Form 4: Good Times Restaurants CEO Ryan M. Zink Acquires Additional Shares
SEC Form 4
Ryan M. Zink, CEO of Good Times Restaurants Inc., recently purchased additional shares of the company's common stock.
Summary
- On June 17 and 18, 2024, Ryan M. Zink, the CEO of Good Times Restaurants Inc., acquired shares of common stock.
- The purchases were made at prices ranging from $2.50 to $2.61 per share.
- Following these transactions, Zink directly owns 121,059 shares of common stock and indirectly owns 6,300 shares through a spouse's IRA.
- Zink also holds various incentive stock options and restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CEO's stock purchases suggest confidence, but it's a relatively small transaction.
Positives
- The CEO's purchase of shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider buying is often seen as a positive sign, suggesting that a company's leadership believes the stock is undervalued. However, it's just one factor to consider when evaluating a company's prospects.
Stakeholder Impact
- Shareholders may view the CEO's stock purchase as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 10/12/2018 | Grant date of 15,000 incentive stock options at $5.00, vesting ratably over five years. |
| 11/16/2018 | Grant date of 12,876 incentive stock options at $4.66, vesting ratably over five years. |
| 12/24/2020 | Grant date of 90,000 incentive stock options at $2.33, vesting conditions met on April 5, 2021. |
| 04/05/2021 | Vesting conditions met for 90,000 incentive stock options granted on December 24, 2020. |
| 09/29/2021 | Grant date of 80,000 incentive stock options at $5.20, vesting upon the company's common stock reaching $6.00 VWAP over 60 days. |
| 11/08/2022 | Grant date of 1,750 restricted stock units vesting on November 8, 2025. |
| 11/08/2022 | Grant date of 20,000 incentive stock options at $3.00, vesting ratably over five years. |
| 11/13/2023 | Grant date of 20,000 incentive stock options at $2.51, vesting ratably over five years. |
| 06/17/2024 | Ryan M. Zink purchased 197 shares of common stock at $2.50 per share. |
| 06/18/2024 | Ryan M. Zink purchased 632 shares at $2.57 per share, 500 shares at $2.58 per share, and 500 shares at $2.61 per share. |
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