CROSS RICHARD G (VP, Real Estate) exercised options at CARROLS RESTAURANT GROUP, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

CROSS RICHARD G

Filed: 5/17/2024ACC: 0000809248-24-000082

InsiderCROSS RICHARD GCIK 1574549

→

IssuerCARROLS RESTAURANT GROUP, INC.CIK 809248

Officer· VP, Real Estate

Since Jan 2019

-266.91K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

170.45K acquired · 437.36K disposed

Non-Derivative Transactions6

Common Stock, $0.01 par value

Direct

D · Disposition

−222.59K

Price / share

—

Trade value

—

% of position

New position

5/16/2024

222.59K→0.00

Common Stock, $0.01 par value (Restricted Common Stock)

Direct

D · Disposition

−54.55K

Price / share

—

Trade value

—

% of position

New position

5/16/2024

54.55K→0.00

Common Stock, $0.01 par value (2023 Performance Stock Unit)

Direct

M · Option Exercise

+70.19K

Price / share

—

Trade value

—

% of position

New position

5/16/2024

0.00→70.19K

Common Stock, $0.01 par value (2023 Performance Stock Unit)

Direct

D · Disposition

−70.19K

Price / share

—

Trade value

—

% of position

New position

5/16/2024

70.19K→0.00

Common Stock, $0.01 par value (2024 Performance Stock Unit)

Direct

M · Option Exercise

+15.03K

Price / share

—

Trade value

—

% of position

New position

5/16/2024

0.00→15.03K

Common Stock, $0.01 par value (2024 Performance Stock Unit)

Direct

D · Disposition

−15.03K

Price / share

—

Trade value

—

% of position

New position

5/16/2024

15.03K→0.00

Total

Net shares

−277.14K

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $0.01 par value Direct	5/16/2024	D · Disposition	−222.59K	—	—	New position	222.59K	0.00
Common Stock, $0.01 par value (Restricted Common Stock) Direct	5/16/2024	D · Disposition	−54.55K	—	—	New position	54.55K	0.00
Common Stock, $0.01 par value (2023 Performance Stock Unit) Direct	5/16/2024	M · Option Exercise	+70.19K	—	—	New position	0.00	70.19K
Common Stock, $0.01 par value (2023 Performance Stock Unit) Direct	5/16/2024	D · Disposition	−70.19K	—	—	New position	70.19K	0.00
Common Stock, $0.01 par value (2024 Performance Stock Unit) Direct	5/16/2024	M · Option Exercise	+15.03K	—	—	New position	0.00	15.03K
Common Stock, $0.01 par value (2024 Performance Stock Unit) Direct	5/16/2024	D · Disposition	−15.03K	—	—	New position	15.03K	0.00
Total			−277.14K		$0.00

Derivative Transactions3

Employee Stock Option (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock

75K shares

−75K

Strike price

7.12

Held after

0.00

Exercisable

—

5/16/2024

Performance Stock Unit (2023)

Direct

A · Award

Converts to

Common Stock

70.19K shares

+70.19K

Strike price

Held after

70.19K

Exercisable

—

5/16/2024

Performance Stock Unit (2024)

Direct

A · Award

Converts to

Common Stock

15.03K shares

+15.03K

Strike price

Held after

15.03K

Exercisable

—

5/16/2024

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Option (Right to Buy) Direct	Common Stock75K shares	5/16/2024	D · Disposition	−75K	7.12	—	0.00
Performance Stock Unit (2023) Direct	Common Stock70.19K shares	5/16/2024	A · Award	+70.19K	0	—	70.19K
Performance Stock Unit (2024) Direct	Common Stock15.03K shares	5/16/2024	A · Award	+15.03K	0	—	15.03K