FAT Brands reduces stock option exercise prices by $2.60 per share after Twin Peaks spin-off

Fat Brands, Inc

Board approved reducing all outstanding stock option exercise prices by $2.599553 per share on March 18, 2025.
Adjustment applies to options held by officers, directors, and employees, vested and unvested, as of Jan 29, 2025 Distribution Date.
Reduction matches Nasdaq ex-dividend downward adjustment to FAT Common Stock from the Twin Hospitality Group spin-off.
No cash payments were made; adjusted exercise prices now range from $2.20 to $8.83 per share depending on grant.
Specific adjustments listed for directors and named executive officers, including Co-CEOs Robert Rosen and Kenneth Kuick.

item 5.02

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