Chu James Michael's Form 4 filing
BurgerFi International, Inc.BFI · filed Feb 28, 2023
- Accession no.
- 0001062993-23-005208
- Filed
- Feb 28, 2023, 7:45 PM ET
- Trade date
- Feb 24, 2023
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 1 non-derivative transaction. Open-market sales total $750.0K. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Chu James MichaelCIK 0001544498 | 10% Owner |
| Dahnke Scott ArnoldCIK 0001545446 | 10% Owner |
| CP7 Management, L.L.C.CIK 0001803053 | 10% Owner |
| CP7 Warming Bag, L.P.CIK 0001891754 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 24, 2023 | Common Stock | SSaleDisposed | −1,500,000 | $0.50F1 | −$750,000 | 1,429,741 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The shares were sold pursuant to the Stock Purchase Agreement dated February 24, 2023, by and among CP7 Warming Bag, L.P. and the buyers listed on the signature pages thereto.
Referenced by the price of 1 transaction in Table I.
Remarks
The securities are directly held by CP7 Warming Bag, L.P. ("CP7 Warming Bag"). CP7 Management, LLC ("CP7 Management") is the general partner of CP7 Warming Bag, and Scott Dahnke and J. Michael Chu are the controlling managing members of CP7 Management. Each of the Reporting Persons disclaim, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of his or its indirect pecuniary interest therein, and this report shall not be deemed an admission that they are the beneficial owner of such securities for purposes of Section 16 or for any other purposes.