SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
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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*
Kanen David

(Last) (First) (Middle)
6810 LYONS TECHNOLOGY CIRCLE
SUITE 160

(Street)
COCONUT CREEK FL 33073

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ONE Group Hospitality, Inc. [ STKS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) X Other (specify below)
See Explanation of Responses
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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
Class A Common Stock, par value $0.0001(1) 03/15/2024 P 191,585 A $3.7532 313,139 I Philotimo Focused Growth & Income Fund(2)
Class A Common Stock, par value $0.0001(1) 03/18/2024 P 73,733 A $4.2133 386,872 I Philotimo Focused Growth & Income Fund(2)
Class A Common Stock, par value $0.0001(1) 03/19/2024 P 7,103 A $4.1929 393,975 I Philotimo Focused Growth & Income Fund(2)
Class A Common Stock, par value $0.0001(1) 20,237 D
Class A Common Stock, par value $0.0001(1) 1,970,000 I Philotimo Fund, LP(3)
Class A Common Stock, par value $0.0001(1) 2,479,100 I Kanen Wealth Management, LLC(4)
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: 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
1. Name and Address of Reporting Person*
Kanen David

(Last) (First) (Middle)
6810 LYONS TECHNOLOGY CIRCLE
SUITE 160

(Street)
COCONUT CREEK FL 33073

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Kanen Wealth Management LLC

(Last) (First) (Middle)
6810 LYONS TECHNOLOGY CIRCLE
SUITE 160

(Street)
COCONUT CREEK FL 33073

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Philotimo Fund, LP

(Last) (First) (Middle)
6810 LYONS TECHNOLOGY CIRCLE
SUITE 160

(Street)
COCONUT CREEK FL 33073

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Philotimo Focused Growth & Income Fund

(Last) (First) (Middle)
6810 LYONS TECHNOLOGY CIRCLE
SUITE 160

(Street)
COCONUT CREEK FL 33073

(City) (State) (Zip)
Explanation of Responses:
1. This Form 4 is filed jointly by David Kanen, Kanen Wealth Management, LLC ("KWM"), Philotimo Fund, LP, and Philotimo Focused Growth and Income Fund (collectively, the "Reporting Persons"). Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for the purposes of Section 16 or any other purpose.
2. Securities directly beneficially owned by Philotimo Focused Growth and Income Fund. KWM, as the investment manager of Philotimo Focused Growth and Income Fund, and Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the securities owned by Philotimo Focused Growth and Income Fund.
3. Securities directly beneficially owned by Philotimo Fund, LP. KWM, as the general partner of Philotimo Fund, LP, and Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the securities owned by Philotimo Fund, LP.
4. Securities directly beneficially owned by KWM. Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the securities owned by KWM.
/s/ David Kanen 03/19/2024
** Signature of Reporting Person Date

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).

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