0000950170-24-043712.txt : 20240411 0000950170-24-043712.hdr.sgml : 20240411 20240411161512 ACCESSION NUMBER: 0000950170-24-043712 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240410 FILED AS OF DATE: 20240411 DATE AS OF CHANGE: 20240411 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Jones Christopher Emlyn CENTRAL INDEX KEY: 0001866418 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38417 FILM NUMBER: 24838692 MAIL ADDRESS: STREET 1: 205 S HOOVER BLVD STE 210 STREET 2: #210 CITY: TAMPA STATE: FL ZIP: 33609 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BurgerFi International, Inc. CENTRAL INDEX KEY: 0001723580 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 822418815 STATE OF INCORPORATION: DE FISCAL YEAR END: 0102 BUSINESS ADDRESS: STREET 1: 200 WEST CYPRESS CREEK ROAD STREET 2: SUITE 220 CITY: FORT LAUDERDALE STATE: FL ZIP: 33309 BUSINESS PHONE: (954) 618-2000 MAIL ADDRESS: STREET 1: 200 WEST CYPRESS CREEK ROAD STREET 2: SUITE 220 CITY: FORT LAUDERDALE STATE: FL ZIP: 33309 FORMER COMPANY: FORMER CONFORMED NAME: Opes Acquisition Corp. DATE OF NAME CHANGE: 20171122 4 1 ownership.xml 4 X0508 4 2024-04-10 0001723580 BurgerFi International, Inc. BFI 0001866418 Jones Christopher Emlyn C/O BURGERFI INTERNATIONAL, INC. 200 WEST CYPRESS CREEK RD., SUITE 220 FORT LAUDERDALE FL 33309 false true false false Chief Financial Officer false Common Stock 2024-04-10 4 M false 67000 0 A 67000 D Restricted Stock Units 2024-04-10 4 M false 40000 0 D Common Stock 40000 360000 D Restricted Stock Units 2024-04-10 4 M false 27000 0 D Common Stock 27000 320000 D On July 10, 2023, the Reporting Person was granted 200,000 restricted stock units outside of the issuer's 2020 Omnibus Equity Incentive Plan as a material inducement to the Reporting Person's acceptance of employment with the issuer in accordance with Nasdaq Listing Rule 5635(c)(4). The restricted stock units shall vest in five annual installments of 40,000 restricted stock units each, beginning March 29, 2024, subject to the Reporting Person remaining continuously employed by the issuer at the time of vesting and earlier vesting due to a change of control or certain termination events. On April 10, 2024, the effective date of the issuer's Registration Statement on Form S-8 registering the shares of common stock underlying the restricted stock units (the "Form S-8 Effective Date"), 40,000 of the restricted stock units vested. On July 10, 2023, the Reporting Person was granted 200,000 restricted stock units outside of the issuer's 2020 Omnibus Equity Incentive Plan as a material inducement to the Reporting Person's acceptance of employment with the issuer in accordance with Nasdaq Listing Rule 5635(c)(4). The restricted stock units shall vest in five annual installments of 40,000 restricted stock units each, beginning March 29, 2024, subject to achievement of certain key performance criteria, the Reporting Person remaining continuously employed by the issuer at the time of vesting and earlier vesting due to a change of control or certain termination events. Based on the extent of achievement of the Reporting Person's key performance criteria, the Compensation Committee of the Board of Directors of the issuer approved of the vesting of (a) 42% of the 50% portion eligible to vest on March 29, 2024 based on achievement of adjusted EBITDA (the "2024 Adjusted EBITDA Portion"), (contiued from footnote 2) with the remainder of the 2024 Adjusted EBITDA Portion being forfeited and (b) 93% of the 50% portion eligible to vest on March 29, 2024 based on achievement of revenue (the "2024 Revenue Portion"), with the remainder of the 2024 Revenue Portion being forfeited. Such vesting occurred on the Form S-8 Effective Date. Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock. /s/ Christopher Emlyn Jones 2024-04-11