Gen Restaurant Group, Inc.
A chain of all-you-can-eat Korean barbecue restaurants where guests grill their own meats, seafood, and vegetables on tabletop grills alongside classic side dishes. Two Korean immigrants, David Kim and Jae Chang, founded the first Gen Korean BBQ House in Tustin, California, in 2011, and the brand has since spread to dozens of locations across the country. The name "Gen" is often taken to mean "origin," a fitting nod to the founders' roots and the restaurant's claim to have started the modern all-you-can-eat barbecue trend.
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred to the Reporting Persons for no consideration by Jae Chang, a director of the Issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interest contributed pursuant to Contribution Agreements (as defined in the Reallocation Agreememt). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference.
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred to the Reporting Persons for no consideration by Jae Chang, a director of the Issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interest contributed pursuant to Contribution Agreements (as defined in the Reallocation Agreememt). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference.
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred by the Reporting Persons for no consideration to David Kim, the chief executive officer and a director of the issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interests contributed pursuant to the Contributiom Agreements (as defined in the Reallocation Agreement). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference.
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred by the Reporting Persons for no consideration to David Kim, the chief executive officer and a director of the issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interests contributed pursuant to the Contributiom Agreements (as defined in the Reallocation Agreement). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference.
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred by the Reporting Persons for no consideration to David Kim, the chief executive officer and a director of the issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interests contributed pursuant to the Contributiom Agreements (as defined in the Reallocation Agreement). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference.
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred by the Reporting Persons for no consideration to David Kim, the chief executive officer and a director of the issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interests contributed pursuant to the Contributiom Agreements (as defined in the Reallocation Agreement). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference.
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred to the Reporting Persons for no consideration by Jae Chang, a director of the Issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interest contributed pursuant to Contribution Agreements (as defined in the Reallocation Agreememt). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference.
| Holder | Schedule | % of class | Shares | Filed |
|---|---|---|---|---|
| WASATCH ADVISORS LP | 13G/APassive | 2.2% | 109.0K | Jun 6, 2025 |
| Portolan Capital Management, LLC | 13G/APassive | 0% | 0 | May 15, 2025 |
| George McCabe | 13G/APassive | 0% | 0 | May 15, 2025 |
| David Wook Jin Kim | 13D/AActivist | 68.6% | 11.05M | Apr 30, 2025 |
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred to the Reporting Persons for no consideration by Jae Chang, a director of the Issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interest contributed pursuant to Contribution Agreements (as defined in the Reallocation Agreememt). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference. | ||||
| DJK Trust, as Amended and Restated in 2007 | 13D/AActivist | 63.7% | 9.14M | Apr 30, 2025 |
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred to the Reporting Persons for no consideration by Jae Chang, a director of the Issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interest contributed pursuant to Contribution Agreements (as defined in the Reallocation Agreememt). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference. | ||||
| Jae Chang | 13D/AActivist | 60.7% | 8.29M | Apr 30, 2025 |
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred by the Reporting Persons for no consideration to David Kim, the chief executive officer and a director of the issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interests contributed pursuant to the Contributiom Agreements (as defined in the Reallocation Agreement). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference. | ||||
| Juhee Han | 13D/AActivist | 60.7% | 8.29M | Apr 30, 2025 |
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred by the Reporting Persons for no consideration to David Kim, the chief executive officer and a director of the issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interests contributed pursuant to the Contributiom Agreements (as defined in the Reallocation Agreement). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference. | ||||
| JC Group International Holdings, Inc. | 13D/AActivist | 60.6% | 8.28M | Apr 30, 2025 |
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred by the Reporting Persons for no consideration to David Kim, the chief executive officer and a director of the issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interests contributed pursuant to the Contributiom Agreements (as defined in the Reallocation Agreement). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference. | ||||
| JC Holding Group, LLC | 13D/AActivist | 60.6% | 8.28M | Apr 30, 2025 |
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred by the Reporting Persons for no consideration to David Kim, the chief executive officer and a director of the issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interests contributed pursuant to the Contributiom Agreements (as defined in the Reallocation Agreement). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference. | ||||
| Kim Family Living Trust, Surviving Spouse's Trust, Trust for Andrea | 13D/AActivist | 9.8% | 586.2K | Apr 30, 2025 |
Item 4 to the Schedule 13D is hereby amended and supplemented as follows. Pursuant to the Reallocation Agreement, certain shares of Class B Common Stock and Class B Units were transferred to the Reporting Persons for no consideration by Jae Chang, a director of the Issuer, and certain of his affiliates to update the recorded holdings of the Reporting Persons following the IPO to more appropriately reflect the relative value of the equity interest contributed pursuant to Contribution Agreements (as defined in the Reallocation Agreememt). A copy of the Reallocation Agreement is attached hereto as Exhibit 99.2 and incorporated herein by reference. | ||||