Sec Form 4 Filing - Schnopp Stefan Kurt @ BurgerFi International, Inc. - 2023-01-03

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Schnopp Stefan Kurt
2. Issuer Name and Ticker or Trading Symbol
BurgerFi International, Inc. [ BFI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
See Remarks
(Last) (First) (Middle)
C/O BURGERFI INTERNATIONAL, INC., 200 WEST CYPRESS CREEK RD., SUITE 220
3. Date of Earliest Transaction (MM/DD/YY)
01/03/2023
(Street)
FORT LAUDERDALE, FL33309
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/03/2023( 1 ) M 5,000 A 5,000 D
Common Stock 01/03/2023 F( 3 ) 1,983 D $ 1.26 3,017 D
Common Stock 01/03/2023 A 99,750 A $ 0 102,767 D
Common Stock 01/03/2023 F( 4 ) 29,576 D $ 1.26 73,191 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 2 ) 01/03/2023( 1 ) M 5,000 ( 1 ) ( 1 ) Common Stock 5,000 $ 0 92,500( 5 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Schnopp Stefan Kurt
C/O BURGERFI INTERNATIONAL, INC.
200 WEST CYPRESS CREEK RD., SUITE 220
FORT LAUDERDALE, FL33309
See Remarks
Signatures
/s/ Stefan Kurt Schnopp 01/04/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The shares are part of a grant of 10,000 restricted stock units made on January 3, 2022 under the issuer's 2020 Omnibus Equity Incentive Plan. The restricted stock units shall vest and be settled in shares of common stock as follows: 5,000 restricted stock units vested on January 3, 2023 and 5,000 restricted stock units shall vest on January 3, 2024, subject to earlier vesting due to a change of control or certain termination events.
( 2 )Each restricted stock unit represents a contingent right to receive one share of BurgerFi International, Inc. common stock.
( 3 )Shares disposed of represent shares withheld by the issuer to pay taxes due upon vesting of restricted stock units.
( 4 )Shares disposed of represent shares withheld by the issuer to pay taxes due upon issuance of shares of common stock.
( 5 )Reflects forfeiture of 17,500 restricted stock units granted to the Reporting Person on January 3, 2022 due to the condition with respect to calendar year 2022 applicable to such restricted stock units not being satisfied.

Remarks:
Chief Legal Officer and Corporate Secretary

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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