FORM 4
☐

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

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person *
WIEDERHORN ANDREW
 2. Issuer Name and Ticker or Trading Symbol
Fat Brands, Inc [FAT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

9720 WILSHIRE BLVD.,, SUITE 500		 3. Date of Earliest Transaction (Month/Day/Year)
03/18/2025
(Street)

BEVERLY HILLS, CA 90212
(City)
(State)
(Zip)
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing
(Check applicable line)

__X__ Form Filed by One Reporting Person
_____ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)

2. Transaction Date (Month/Day/Year)

2A. Deemed Execution Date, if any (Month/Day/Year)

3. Transaction Code (Instr. 8)

4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)

6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

7. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

Amount

(A) or (D)

Price



Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock option (right to buy)

 $4.803/18/2025 D  15,318  (1) 12/10/2028

Class A Common Stock

15,318 (1) 0 D 

Stock option (right to buy)

 $2.203/18/2025 A 15,318   (1) 12/10/2028

Class A Common Stock

15,318 (1) 15,318D 

Stock option (right to buy)

 $10.6803/18/2025 D  15,318  (2) 10/20/2027

Class A Common Stock

15,318 (2) 0 D 

Stock option (right to buy)

 $8.0803/18/2025 A 15,318   (2) 10/20/2027

Class A Common Stock

15,318 (2) 15,318D 

Stock option (right to buy)

 $11.4303/18/2025 D  100,000  (3) 11/16/2031

Class A Common Stock

100,000 (3) 0 D 

Stock option (right to buy)

 $8.8303/18/2025 A 100,000   (3) 11/16/2031

Class A Common Stock

100,000 (3) 100,000D 

Stock option (right to buy)

 $7.103/18/2025 D  30,636  (4) 04/17/2034

Class A Common Stock

30,636 (4) 0 D 

Stock option (right to buy)

 $4.503/18/2025 A 30,636   (4) 04/17/2034

Class A Common Stock

30,636 (4) 30,636D 

Stock option (right to buy)

 $7.4503/18/2025 D  30,636  (5) 05/04/2033

Class A Common Stock

30,636 (5) 0 D 

Stock option (right to buy)

 $4.8503/18/2025 A 30,636   (5) 05/04/2033

Class A Common Stock

30,636 (5) 30,636D 

Explanation of Responses:
1.

The reported transactions involve an amendment of an outstanding option to reduce the exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on December 10, 2018 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.

2.

The reported transactions involve an amendment of an outstanding option to reduce the option exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on October 20, 2017 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.

3.

The reported transactions involve an amendment of an outstanding option to reduce the option exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on November 16, 2021 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.

4.

The reported transactions involve an amendment of an outstanding option to reduce the option exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on April 17, 2024 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.

5.

The reported transactions involve an amendment of an outstanding option to reduce the option exercise price by $2.599553 per share, resulting in the deemed cancellation of the "old" option with respect to those shares and the grant of a replacement option. The option was originally granted on May 4, 2023 and provides for vesting in three equal annual installments beginning on the first anniversary of the grant date.



Signatures

/s/ Allen Sussman, Attorney-in-Fact

03/24/2025
** Signature of Reporting PersonDate
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