Kevin McLain - Mar 24, 2023 Form 4 Insider Report for Ollie's Bargain Outlet Holdings, Inc. (OLLI)

Role: SVP, Merchandising
Signature: /s/ James J. Comitale as Attorney-In-Fact
Stock symbol: OLLI
Transactions as of: Mar 24, 2023
Transactions value $: -$20,451
Form type: 4
Date filed: 3/28/2023, 02:20 PM
Previous filing: Mar 27, 2023
Next filing: Mar 28, 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	+1.21K	+21.51%	$0.00	6.83K	Mar 24, 2023	Direct	F1, F2
transaction	OLLI	Common Stock, par value $0.001 per share	Tax liability	-$20.5K	-352	-5.15%	$58.10	6.48K	Mar 24, 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	-1.21K	-50%	$0.00	1.21K	Mar 24, 2023	Common Stock	1.21K		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 restricted stock awards 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 24, 2023.
F5	Each restricted stock unit represents a contingent right to receive one share of common stock at vesting.
F6	The reporting person was granted 4,836 restricted stock units on March 24, 2020, of which 1,209 of the restricted stock units vested on March 24, 2023. The common stock into which such vested restricted stock units converted on March 24, 2023 is reported in Table I on this Form 4. The remaining unvested stock units will continue to vest with 1,209 of the restricted stock units vesting on March 24, 2024.