Company: RRGB
Filing Date: 2025-11-10
Form Type: 424B5
Source: 0000950142-25-002929
Chunk: 47

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-11-10
Form: 424B5
Chunk 47
---
 deposit agreement and the applicable prospectus supplement, including the definitions.

Immediately following our issuance of shares
of a series of preferred stock that will be offered as fractional shares, we will deposit the shares with the depositary, which will then
issue and deliver the depositary receipts to the purchasers thereof. Depositary receipts will only be issued evidencing whole depositary
shares. A depositary receipt may evidence any number of whole depositary shares.

Pending the preparation of definitive depositary
receipts, the depositary may, upon our written order, issue temporary depositary receipts substantially identical to (and entitling the
holders thereof to all the rights pertaining to) the definitive depositary receipts but not in definitive form. Definitive depositary
receipts will be prepared thereafter without unreasonable delay, and such temporary depositary receipts will be exchangeable for definitive
depositary receipts at our expense.

Dividends and Other Distributions

The depositary will distribute all cash dividends
or other cash distributions received in respect of the related series of preferred stock to the record holders of depositary shares relating
to the series of preferred stock in proportion to the number of the depositary shares owned by the holders.

In the event of a distribution other than
in cash, the depositary will distribute property received by it to the record holders of depositary shares entitled thereto in
proportion to the number of depositary shares owned by the holders, unless the depositary determines that the distribution cannot be
made proportionately among the holders or that it is not feasible to make the distributions, in which case the depositary may, with
our approval, adopt any method as it deems equitable and practicable for the purpose of effecting the distribution, including the
sale (at public or private sale) of the securities or property thus received, or any part thereof, at the place or places and upon
those terms as it may deem proper.

| 19 |

The amount distributed in any of the foregoing
cases will be reduced by any amounts required to be withheld by us or the depositary on account of taxes or other governmental charges.

Redemption of Depositary Shares

If any series of the preferred stock underlying
the depositary shares is subject to redemption, the depositary shares will be redeemed from the proceeds received by the depositary resulting
from any redemption, in whole or in part, of the series of the preferred stock held by the depositary. The redemption price per depositary
share will be equal to the applicable fraction of