Nathans Famous (NATH) director exercises 10,000 options, 6,744 shares withheld for tax

Rhea-AI Filing Summary

NATHANS FAMOUS, INC. director Andrew M. Levine exercised stock options and had shares withheld to cover taxes. He exercised options for 10,000 shares of common stock at $68.50 per share, eliminating this option grant. To satisfy tax obligations, 6,744 shares of common stock were disposed of at a value of $101.58 per share. Following these transactions, Levine directly holds 3,256 shares of NATHANS FAMOUS common stock.

Insider Trade Summary

10,000 shares exercised/converted

Mixed 3 txns

Insider Levine Andrew M

Role null

Type	Security	Shares	Price	Value
Exercise	Stock Options (right to buy)	10,000	$0.00	--
Exercise	Common Stock	10,000	$68.50	$685K
Tax Withholding	Common Stock	6,744	$101.58	$685K

Holdings After Transaction: Stock Options (right to buy) — 0 shares (Direct, null); Common Stock — 10,000 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Options exercised: 10,000 shares Exercise price: $68.50/share Tax-withholding shares: 6,744 shares +4 more

7 metrics

Options exercised 10,000 shares Common Stock acquired via option exercise on 2026-06-11

Exercise price $68.50/share Stock options (right to buy) conversion price

Tax-withholding shares 6,744 shares Common Stock disposed to satisfy tax liability at $101.58

Tax-withholding price $101.58/share Value used for tax-withholding disposition on 2026-06-11

Shares held after 3,256 shares Total Common Stock directly owned after transactions

Option expiration August 10, 2026 Original expiration date of exercised stock options

Vesting schedule 4 annual tranches Options vesting each August 10 from 2022 through 2025

Key Terms

Stock Options (right to buy), 2019 Stock Incentive Plan, tax-withholding disposition, derivative exercise/conversion, +1 more

5 terms

Stock Options (right to buy) financial

"security_title: Stock Options (right to buy)"

2019 Stock Incentive Plan financial

"granted to the Reporting Person pursuant to the Issuer's 2019 Stock Incentive Plan"

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"transaction_action: derivative exercise/conversion"

non-derivative financial

"transaction_type: non-derivative"

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Levine Andrew M

(Last) (First) (Middle)

C/O NATHAN'S FAMOUS, INC.

ONE JERICHO PLAZA, SECOND FLOOR, WING A

(Street)

JERICHO NEW YORK 11753

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NATHANS FAMOUS, INC. [ NATH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	06/11/2026		M		10,000	A	$68.5	10,000	D
Common Stock	06/11/2026		F		6,744	D	$101.58	3,256	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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
Stock Options (right to buy)	$68.5	06/11/2026		M			10,000	(1)	08/10/2026	Common Stock, par value $0.01 per share	10,000	$0	0	D

Explanation of Responses:

1. The Options were granted to the Reporting Person pursuant to the Issuer's 2019 Stock Incentive Plan and will vest and become exercisable over a period of four years, with one-fourth (1/4) of such Options vesting on each of August 10, 2022, August 10, 2023, August 10, 2024 and August 10, 2025.

	/s/ Andrew Levine	06/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Andrew M. Levine report in his latest Form 4 for NATH?

Andrew M. Levine reported exercising options for 10,000 shares of NATHANS FAMOUS common stock at $68.50 per share. To cover tax obligations, 6,744 shares were disposed of at $101.58 per share, leaving him with 3,256 directly held shares.

Was the NATH Form 4 transaction an open-market buy or sell?

The NATH Form 4 did not show open-market buying or selling. It reflected an option exercise for 10,000 shares and a tax-withholding disposition of 6,744 shares, which is a compensation and tax event rather than a discretionary market trade.

How many NATHANS FAMOUS shares does Andrew M. Levine hold after this Form 4?

After the reported transactions, Andrew M. Levine directly holds 3,256 shares of NATHANS FAMOUS common stock. This figure reflects his position following the option exercise and the related tax-withholding share disposition reported in the Form 4.

What stock option grant was involved in Andrew Levine’s NATH Form 4?

The Form 4 involved stock options to purchase 10,000 NATHANS FAMOUS shares at $68.50 per share. These options were granted under the 2019 Stock Incentive Plan and vested in four equal annual installments from August 10, 2022 through August 10, 2025.

How many NATH shares were disposed of for taxes in this Form 4?

The filing shows 6,744 NATHANS FAMOUS common shares were disposed of at $101.58 per share. This was characterized as a tax-withholding disposition, meaning the shares were used to satisfy tax liabilities related to the option exercise.

Did Andrew Levine retain any options after this NATHANS FAMOUS transaction?

The Form 4 shows the 10,000 stock options exercised in full, leaving zero options from that grant outstanding. With derivative positions from this grant reduced to zero, Levine’s remaining exposure from this transaction is through directly held common shares.