Fat Brands, Inc — Director's Dealing 2025

Jan 29, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Twin Hospitality Group Inc. (TWNP)
CIK: 0002011954
Period of Report: 2025-01-24

Reporting Person: Fat Brands, Inc (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-01-24	Class A Common Stock	J	47298271	—	Acquired	47298271	Direct
2025-01-24	Class B Common Stock	J	2870000	—	Acquired	2870000	Direct
2025-01-27	Class A Common Stock	J	2659490	—	Disposed	44638781	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-01-24	Class B Common Stock	$	J	2870000	Acquired		Class A Common Stock (2870000)	Direct

Footnotes

F1: 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.

F2: 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.

F3: 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.