HOFFMAN JOSEPH W (Chief Restaurant Officer) 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

HOFFMAN JOSEPH W

Filed: 5/17/2024ACC: 0000809248-24-000085

InsiderHOFFMAN JOSEPH WCIK 1960736

→

IssuerCARROLS RESTAURANT GROUP, INC.CIK 809248

Officer· Chief Restaurant Officer

Since Jan 2023

-145.37K

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

261.75K acquired · 407.12K disposed

Non-Derivative Transactions6

Common Stock, $0.01 par value

Direct

D · Disposition

−128.34K

Price / share

—

Trade value

—

% of position

New position

5/16/2024

128.34K→0.00

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

Direct

D · Disposition

−72.90K

Price / share

—

Trade value

—

% of position

New position

5/16/2024

72.90K→0.00

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

Direct

M · Option Exercise

+110.83K

Price / share

—

Trade value

—

% of position

New position

5/16/2024

0.00→110.83K

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

Direct

D · Disposition

−110.83K

Price / share

—

Trade value

—

% of position

New position

5/16/2024

110.83K→0.00

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

Direct

M · Option Exercise

+20.04K

Price / share

—

Trade value

—

% of position

New position

5/16/2024

0.00→20.04K

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

Direct

D · Disposition

−20.04K

Price / share

—

Trade value

—

% of position

New position

5/16/2024

20.04K→0.00

Total

Net shares

−201.24K

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	−128.34K	—	—	New position	128.34K	0.00
Common Stock, $0.01 par value (Restricted Common Stock) Direct	5/16/2024	D · Disposition	−72.90K	—	—	New position	72.90K	0.00
Common Stock, $0.01 par value (2023 Performance Stock Unit) Direct	5/16/2024	M · Option Exercise	+110.83K	—	—	New position	0.00	110.83K
Common Stock, $0.01 par value (2023 Performance Stock Unit) Direct	5/16/2024	D · Disposition	−110.83K	—	—	New position	110.83K	0.00
Common Stock, $0.01 par value (2024 Performance Stock Unit) Direct	5/16/2024	M · Option Exercise	+20.04K	—	—	New position	0.00	20.04K
Common Stock, $0.01 par value (2024 Performance Stock Unit) Direct	5/16/2024	D · Disposition	−20.04K	—	—	New position	20.04K	0.00
Total			−201.24K		$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

110.83K shares

+110.83K

Strike price

Held after

110.83K

Exercisable

—

5/16/2024

Performance Stock Unit (2024)

Direct

A · Award

Converts to

Common Stock

20.04K shares

+20.04K

Strike price

Held after

20.04K

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 Stock110.83K shares	5/16/2024	A · Award	+110.83K	0	—	110.83K
Performance Stock Unit (2024) Direct	Common Stock20.04K shares	5/16/2024	A · Award	+20.04K	0	—	20.04K