Sarah A. Mussetter, who serves as Chief Legal Officer at Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB), completed a sale of common stock on March 16, 2026, according to a Form 4 filing with the Securities and Exchange Commission.
The filing shows Mussetter sold 4,037 shares at a price of $3.2108 per share, generating proceeds of $12,961. The Form 4 notes that the disposition was carried out to satisfy tax withholding obligations and to cover fees associated with the vesting of restricted stock units (RSUs).
Following this transaction, Mussetter's direct holdings in the company total 109,801 shares. That figure includes 73,004 time-based restricted stock units that remain subject to vesting schedules and potential forfeiture, as detailed in the filing.
Market data referenced in the filing indicates the stock was trading at $3.34 at the time of reporting. The security has experienced recent downward movement, slipping 16% over the past week and falling 52% over the prior six months, according to the same report.
The regulatory disclosure provides no indication that the sale was anything other than a routine action to meet withholding and fee liabilities triggered by the vesting of RSUs. The presence of a substantial portion of Mussetter's holdings tied up in time-based RSUs means future vesting events could lead to additional taxable events and potential sales, though the filing itself simply records the transaction that took place on March 16, 2026.
Separately, Red Robin disclosed fourth-quarter 2025 financial results that topped analysts' forecasts. The company reported an earnings per share (EPS) of -0.41, outperforming the consensus estimate of -0.59, a positive surprise of 30.51%. Revenue for the quarter came in at $269 million, exceeding the expected $264.13 million. Those figures were highlighted in the disclosure as reflecting a stronger-than-expected quarter relative to analyst projections.
The filing additionally noted that, despite recent price declines, certain analysis tools continue to regard the shares as undervalued at current levels and that supplemental research items are available to subscribers of those services. The Form 4 itself focuses narrowly on the insider sale and post-transaction holdings, and does not provide forward-looking commentary on the company’s operational trajectory.
Summary: Red Robin’s Chief Legal Officer sold 4,037 shares on March 16, 2026 for $12,961 to cover tax and fee obligations from RSU vesting, leaving her with 109,801 shares including 73,004 time-based RSUs. The stock has declined recently but the company posted a better-than-expected Q4 2025 with EPS of -0.41 and revenue of $269 million.