Adw Capital Management, LLC and 2 Others Exercises Options at RCI Hospitality Holdings Inc (RICK) — SEC Form 4, Feb 22, 2023

SEC Form 4 · No Market Transaction
Option Exercise

Derivative exercise — no open market transaction.

Reporting Owners
Adw Capital Management, LLC
10%+
Adam D Wyden
10%+
Adw Capital Partners, L.P.
10%+
TXN 2023-02-17 · FILED 2023-02-22
Equity Position 949K sh 899,000 → 949,000
Equity Change +5.6% shares held after vs before
Filing Lag 2 business days within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership

RCI Hospitality Holdings Inc

RICK CIK 0000935419
All RCI Hospitality Holdings Inc insider activity
Filing Date
2023-02-22
Report Date
2023-02-17
Accession No.
0000899243-23-005803
Accepted At
2023-02-22 18:26 UTC
Reporting Owners
Name Relationship
Adw Capital Management, LLC CIK 0001745214
10% Owner
Adam D Wyden CIK 0001745215
10% Owner
Adw Capital Partners, L.P. CIK 0001511001
10% Owner
Adw Capital Management, LLC at RCI Hospitality Holdings Inc Full insider history
Bought (12 mo) —
Sold (12 mo) —
More from this insider at RCI Hospitality Holdings Inc
2023-09-28 Sell -$480,880 View
2021-01-08 Sell -$493,750 View
All filings by this insider at RCI Hospitality Holdings Inc
Non-Derivative Securities Transactions
Title Date Type Shares Price Net Total Post-Txn Ownership
Common stock, $0.01 par valueF1F2F3 2023-02-17 X - In-Money Exercise 50,000 A $30.00 +$1,500,000 949,000 Indirect
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Call Option (Right to Buy)F4F1F2F3 $30.00 2023-02-17 X - In-Money Exercise 500 D $0.00 2023-02-17 50,000 Common stock, $0.01 par value Indirect
Footnotes (4)
F1
This statement is being jointly filed by and on behalf of each of ADW Capital Partners, L.P., a Delaware limited partnership ("ADW Capital Partners"), ADW Capital Management, LLC, a Delaware limited liability company ("ADW Capital Management"), and Adam D. Wyden. ADW Capital Partners is the record and direct beneficial owner of the securities covered by this statement. ADW Capital Management is the general partner and investment manager of, and may be deemed to beneficially own securities owned by, ADW Capital Partners. Mr. Wyden is the sole manager of, and may be deemed to beneficially own securities owned by, ADW Capital Management. Show more
F2
Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act"), or otherwise, the beneficial owner of any securities covered by this statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities. Show more
F3
Each reporting person, among others, may be deemed to be a member of a group with respect to RCI Hospitality Holdings, Inc., a Texas corporation (the "Issuer"), or securities of the Issuer for purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, a member of a group with respect to the Issuer or securities of the Issuer. Show more
F4
Freely exercisable. Show more

Related filings at RCI Hospitality Holdings Inc

Institutional Holders
13F holders · Jun 30, 2026 97 institutional managers reporting a position
Largest by reported value
  1. Black Rock, Inc. $16.8M
  2. Steel Partners Holdings L.P. $8.55M
  3. Vanguard Capital Management Llc $8.05M
5%+ Holders · 13D/G 1 filer

Latest Schedule 13D/G per filer; stakes the filer reported closed are left out.

Other insiders at RCI Hospitality Holdings Inc
All RCI Hospitality Holdings Inc insider activity
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