Amy E. Sullivan - Feb 4, 2024 Form 4 Insider Report for KIRKLAND'S, INC (KIRK)

Signature
Carter R. Todd, Attorney-in-Fact for Amy E. Sullivan
Stock symbol
KIRK
Transactions as of
Feb 4, 2024
Transactions value $
$0
Form type
4
Date filed
2/5/2024, 04:28 PM
Previous filing
Oct 5, 2023
Next filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KIRK Common Stcok Award $0 +50K +88.61% $0.00 106K Feb 4, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KIRK Stock Option Award $0 +50K $0.00 50K Feb 4, 2024 Common Stock 50K $5.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The reporting person was granted restricted stock units ("RSUs") under Kirkland's 2002 Equity Incentive Plan. The RSUs will vest 50% on February 4, 2026 and 50% on February 4, 2027.
F2 The reporting person was granted stock options under Kirkland's 2002 Equity Incentive Plan. The stock options will vest 50% on February 4, 2026 and 50% on February 4, 2027.