Larry Kraus - Mar 22, 2023 Form 4 Insider Report for Ollie's Bargain Outlet Holdings, Inc. (OLLI)

Role: VP, CIO
Signature: /s/ James J. Comitale as Attorney-In-Fact
Stock symbol: OLLI
Transactions as of: Mar 22, 2023
Transactions value $: -$7,484
Form type: 4
Date filed: 3/24/2023, 03:00 PM
Previous filing: Mar 22, 2023
Next filing: Mar 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OLLI	Common Stock, par value $0.001 per share	Options Exercise	$0	+458	+11.05%	$0.00	4.6K	Mar 22, 2023	Direct	F1, F2
transaction	OLLI	Common Stock, par value $0.001 per share	Tax liability	-$7.48K	-128	-2.78%	$58.47	4.47K	Mar 22, 2023	Direct	F3, F4

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	OLLI	Restricted Stock Units	Options Exercise	$0	-458	-33.36%	$0.00	915	Mar 22, 2023	Common Stock	458		Direct	F1, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the conversion upon vesting of a restricted stock award into common stock.
F2	Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis.
F3	Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the reporting person and cancelled by the issuer in exchange for the issuer's agreement to pay federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units.
F4	The price reported in column 4 is equivalent to the fair market value based on the closing market price as of March 22, 2023.
F5	Each restricted stock unit represents a contingent right to receive one share of common stock at vesting.
F6	The restricted stock units vest and become exercisable in 25% installments on each anniversary date of the grant, March 22, 2021, subject to continued service through each applicable vesting date. The reporting person was granted 1,831 restricted stock units, of which 458 of the restricted stock units vested on March 22, 2022; 458 of the restricted stock units vested on March 22, 2023; 457 of the restricted stock units vest on March 22, 2024 and 458 of the restricted stock units vest on March 22, 2025.