February 16, 2024 · Form 4 insider transaction
Herbst Marcel sold 0 shares of Noble Roman's, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4, filed 12 days after the transaction.
The purpose of this filing is to update beneficial ownership from 130000 to 70000 shares because of a change in discretionary trading authority. See footnote 1 for details.; 60000 shares are held in the account of Herbst Capital Management, LLC. (the ""fund"") for which Herbst Capital Partners, LLC (the ""General Partner"") serves as its manager. Marcel Herbst is the General Manager of Herbst Capital Partners, LLC and also serves as the Portfolio Manager of Herbst Capital Management, LLC. Mr. Herbst may be deemed to beneficially own these securities held by the fund by virtue of the General Partner's position in the fund and Mr. Herbst's status as the general manager of the General Partner and his status as portfolio manager of the fund. 10000 shares are held direct. 60000 shares are held in individual client accounts over which Marcel Herbst had discretionary trading authority. Marcel Herbst no longer has trading authority over those shares. By virtue of removal of this discretionary trading authority, these shares can no longer be deemed beneficially owned.