Form 4: Good Times Restaurants Inc. Executive Sells Shares in Privately Negotiated Transaction

Donald L. Stack, Sr. VP of Operations at Good Times Restaurants Inc., sold shares in a privately negotiated transaction.

Summary

• On May 5, 2025, Donald L. Stack, Sr. VP of Operations at Good Times Restaurants Inc., sold 2 shares of common stock at $0 per share.
• The transaction was a privately negotiated purchase of Mr. Stack's shares by the company.
• Following the transaction, Mr. Stack directly owns 11,331 shares of common stock.
• Mr. Stack also holds 12,000 Restricted Stock Units granted on November 13, 2023, vesting on November 13, 2026.
• Additionally, he holds 18,000 Incentive Stock Options granted on November 13, 2023, with an exercise price of $2.51, vesting ratably over five years.

Sentiment

Score: 5

Explanation: The sentiment is neutral. An executive sold a small number of shares in a privately negotiated transaction, which doesn't necessarily indicate a positive or negative outlook.

Negatives

• An executive selling shares could be perceived negatively by investors.

Risks

• Executive stock sales can sometimes signal a lack of confidence in the company's future prospects, although this sale was privately negotiated with the company.

Industry Context

Insider trading activity is always closely watched in the restaurant industry, as it can provide insights into management's perspective on the company's performance and future prospects.

Related Party Transactions

• The sale of shares by Donald L. Stack to Good Times Restaurants Inc. is a related party transaction.

Stakeholder Impact

• The impact on stakeholders is likely minimal, as the transaction involved a small number of shares and was privately negotiated.

Key Dates

Keywords

Form 4, insider trading, stock sale, executive, Donald L. Stack, Good Times Restaurants Inc., GTIM, restricted stock units, incentive stock options