BurgerFi International, Inc.: insider trades · United States · SEC (Form 4)

About BurgerFi International, Inc.

BurgerFi International, Inc. is a U.S.-based restaurant company listed on the NASDAQ, with the ticker BFIIW/BFI depending on the security class and period referenced in market filings. For international investors, the key historical takeaway is that BurgerFi was built as a fast-casual “better burger” brand, focused on premium burgers, hot dogs, crispy chicken, hand-cut fries, frozen custard desserts, shakes, and select beer-and-wine offerings. The company was founded in 2011 in Lauderdale-by-the-Sea, Florida, with a mission to “redefine” the burger experience at a fast-casual price point. Its headquarters and SEC-reported business addresses are in Florida, including Fort Lauderdale / North Palm Beach references in filing records. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1723580/000119312523159855/d506600d424b5.htm)) BurgerFi historically operated through a blended model of company-owned and franchised restaurants, which enabled expansion across the United States, Puerto Rico, and, at certain points, Saudi Arabia. The brand differentiated itself through a chef-driven menu, an all-natural ingredient message, and eco-friendly restaurant design, positioning itself above traditional quick-service burgers and closer to premium fast-casual dining. In 2021, BurgerFi expanded beyond burgers by acquiring Anthony’s Coal Fired Pizza & Wings, adding a second operating platform centered on coal-fired pizza, wings, meatballs, sandwiches, and salads. Prior to the restructuring, the company therefore had two reportable segments: BurgerFi and Anthony’s. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1723580/000119312523158959/d365698dars.pdf)) From a competitive standpoint, BurgerFi played in a crowded U.S. restaurant landscape dominated by national burger chains, fast-casual peers, and regional concepts competing on price, quality, and convenience. Its competitive edge came from brand positioning, ingredient claims, and menu differentiation, rather than scale. The company also received several industry recognitions that helped build awareness among consumers and franchise prospects. ([burgerfi.com](https://www.burgerfi.com/franchise/)) The most important recent development is negative: BurgerFi entered Chapter 11 and a U.S. bankruptcy court approved a second amended plan of liquidation in March 2025. Market data and court-related reporting indicate that the company was winding down and had no ongoing business operations at that stage. For investors, that means BurgerFi should be viewed primarily as a restructuring/liquidation case rather than as a going-concern growth story. ([marketscreener.com](https://www.marketscreener.com/quote/stock/BURGERFI-INTERNATIONAL-IN-176013795/news/Second-Amended-Liquidation-Plan-and-Disclosure-Statement-Approved-for-BurgerFi-International-Inc-49707799/))