TWNPQ · Twin Hospitality Group Inc. · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“These factors create substantial doubt about the Company’s ability to continue as a going concern within the twelve-month period subsequent to the date that these financial statements are issued. While the Company believes its plans to restructure its indebtedness or obtain relief from the noteholders can alleviate the conditions that raise substantial doubt about the Company’s ability to continue as a going concern, these plans are not within the Company’s control and cannot be assessed as being probable of occurring. Without a restructuring of our debt or relief from our noteholders under our Securitized Notes, we will not be able to meet our cash obligations for the next twelve months.”View the 10-Q filed Nov 12, 2025
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-07-31 | Boerema Kim Allen |
President and CEO |
Buy↑
|
Class A Common Stock
|
4,200 |
| 2025-06-24 | Anderson Kenneth Jeffery |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
Each restricted stock unit represents a right to receive one share of Class A Common Stock of Twin Hospitality Group Inc. |
Restricted Stock Units
|
100,000 |
| 2025-06-24 | Sussman Allen |
Chief Legal Officer |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
Each restricted stock unit represents a right to receive one share of Class A Common Stock of Twin Hospitality Group Inc. |
Restricted Stock Units
|
200,000 |
| 2025-06-24 | Jobe David Ward |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
Each restricted stock unit represents a right to receive one share of Class A Common Stock of Twin Hospitality Group Inc. |
Restricted Stock Units
|
100,000 |
| 2025-06-24 | Kuick Kenneth |
Chief Financial Officer |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
Each restricted stock unit represents a right to receive one share of Class A Common Stock of Twin Hospitality Group Inc. |
Restricted Stock Units
|
300,000 |
| 2025-06-24 | Ellis James G |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
Each restricted stock unit represents a right to receive one share of Class A Common Stock of Twin Hospitality Group Inc. |
Restricted Stock Units
|
100,000 |
| 2025-06-24 | Collier Lynne Leigh |
Director |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
Each restricted stock unit represents a right to receive one share of Class A Common Stock of Twin Hospitality Group Inc. |
Restricted Stock Units
|
100,000 |
| 2025-06-04 | Fat Brands, Inc |
10% Owner |
Buy↑
Filing footnotes — Class A Common Stock (Direct)
Reflects the exchange of liabilities reported by the issuer as "due to affiliates" for shares of Class A Common Stock of the issuer. |
Class A Common Stock
|
7,139,667 |
| 2025-05-27 | Jobe David Ward |
Director |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
The stock option vests in three equal annual installments beginning on the first anniversary of the grant date. |
Stock option (right to buy)
|
10,000 |
| 2025-05-27 | Ellis James G |
Director |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
The stock option vests in three equal annual installments beginning on the first anniversary of the grant date. |
Stock option (right to buy)
|
10,000 |
| 2025-05-27 | Anderson Kenneth Jeffery |
Director |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
The stock option vests in three equal annual installments beginning on the first anniversary of the grant date. |
Stock option (right to buy)
|
10,000 |
| 2025-05-27 | Collier Lynne Leigh |
Director |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
The stock option vests in three equal annual installments beginning on the first anniversary of the grant date. |
Stock option (right to buy)
|
10,000 |
| 2025-05-19 | Boerema Kim Allen |
President and CEO |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
The stock option vests in three equal annual installments beginning on the first anniversary of the grant date. |
Stock option (right to buy)
|
50,000 |
| 2025-05-19 | Boerema Kim Allen |
President and CEO |
Award↑
Filing footnotes — Restricted Stock Units (Direct)
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of Twin Hospitality Group Inc. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date. |
Restricted Stock Units
|
250,000 |
| 2025-01-27 | Fat Brands, Inc |
10% Owner |
Other↓
Filing footnotes — Class A Common Stock (Direct)
The reporting person declared a distribution of these shares in a partial "spin-off" transaction on a pro rata basis to its shareholders of record as of the close of business on January 27, 2025, the record date for the distribution. |
Class A Common Stock
|
2,659,490 |
| 2025-01-24 | Fat Brands, Inc |
10% Owner |
Other↑
Filing footnotes — Class A Common Stock (Direct)
These shares were issued to the reporting person as the starting share capitalization of the issuer in exchange for 5,000 founder shares pursuant to the Master Separation and Distribution Agreement, dated as of January 24, 2025, between the issuer and the reporting person. |
Class A Common Stock
|
47,298,271 |
| 2025-01-24 | Fat Brands, Inc |
10% Owner |
Other↑
Filing footnotes — Class B Common Stock (Direct)
The shares of Class B Common Stock are convertible into the issuer's Class A Common Stock on a 1-for-1 basis and have no expiration date. These shares were issued to the reporting person as the starting share capitalization of the issuer in exchange for 5,000 founder shares pursuant to the Master Separation and Distribution Agreement, dated as of January 24, 2025, between the issuer and the reporting person. |
Class B Common Stock
|
2,870,000 |
| 2025-01-24 | Fat Brands, Inc |
10% Owner |
Other↑
Filing footnotes — Class B Common Stock (Direct)
These shares were issued to the reporting person as the starting share capitalization of the issuer in exchange for 5,000 founder shares pursuant to the Master Separation and Distribution Agreement, dated as of January 24, 2025, between the issuer and the reporting person. |
Class B Common Stock
|
2,870,000 |