# EDGAR Filing Document

**Accession Number:** 0001269480
**File Stem:** 0001415889-23-003367
**Filing Date:** 2023-2
**Character Count:** 6871
**Document Hash:** 2222cb468207b7185398cabacaa00e8f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001415889-23-003367.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001415889-23-003367

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230223

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** HERSKOVITS THOMAS
- **CENTRAL INDEX KEY:** 0001269480

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35588
- **FILM NUMBER:** 23674719

**MAIL ADDRESS:**
- **STREET 1:** C/O NATURAL GOLF CORP
- **STREET 2:** 1200 E BUSINESS CENTER DR
- **CITY:** MOUNT PROSPECT
- **STATE:** IL
- **ZIP:** 60056
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franchise Group, Inc.
- **CENTRAL INDEX KEY:** 0001528930
- **STANDARD INDUSTRIAL CLASSIFICATION:** PATENT OWNERS & LESSORS [6794]
- **IRS NUMBER:** 273561876
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 109 INNOVATION COURT
- **STREET 2:** SUITE J
- **CITY:** DELAWARE
- **STATE:** OH
- **ZIP:** 43015
- **BUSINESS PHONE:** 508-630-4426

**MAIL ADDRESS:**
- **STREET 1:** 109 INNOVATION COURT
- **STREET 2:** SUITE J
- **CITY:** DELAWARE
- **STATE:** OH
- **ZIP:** 43015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Liberty Tax, Inc.
- **DATE OF NAME CHANGE:** 20140714

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JTH Holding, Inc.
- **DATE OF NAME CHANGE:** 20110830

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>HERSKOVITS THOMAS<br><sub>(Last) (First) (Middle)</sub><br>109 INNOVATION COURT SUITE J<br><sub>(Street)</sub><br>DELAWARE, OH 43015<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-23 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Franchise Group, Inc. [ FRG FRGAP ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-02-23 |  | P |  | 85<sup>(1)</sup> | A | $31.63 | 28570 | D |  |
| Common Stock | 2023-02-23 |  | M<sup>(2)</sup> |  | 2063 | A | <sup>(3)</sup> | 30633 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units | <sup>(3)</sup> | 2023-02-23 |  | M |  |  | 2063 | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 2063 | $0 | 0 | D |  |
| Restricted Stock Units | <sup>(3)</sup> | 2023-02-24 |  | A |  | 3260 |  | <sup>(5)</sup> | <sup>(5)</sup> | Common Stock | 3260 | $0 | 3260 | D |  |

---

### Footnotes:

(1) Shares acquired under a broker automatic dividend reinvestment plan.

(2) Represents the conversion upon vesting of restricted stock units into Common Stock. On February 23, 2022, the reporting person was granted 2063 restricted stock units, of which all of the shares subject to the restricted stock units vested on February 23, 2023. Such restricted stock units were previously reported in Table II on the Form 4 filed with the Securities and Exchange Commission on February 24, 2022.

(3) Each restricted stock unit represents the right to receive, upon vesting, one share of Common Stock.

(4) The restricted stock unit award was granted on February 23, 2022 and vested in full on February 23, 2023.

(5) The restricted stock unit award was granted on February 24, 2023 and vests in full on February 24, 2024.

**Signature:** /s/ Thomas Herskovits  
**Date:** 2023-02-27

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**