Kevin McLain - Mar 25, 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 25, 2023
Transactions value $: -$25,680
Form type: 4
Date filed: 3/28/2023, 08:08 PM
Previous filing: Mar 28, 2023
Next filing: Mar 26, 2024

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		+1.52K	+23.45%		8K	Mar 25, 2023	Direct	F1, F2
transaction	OLLI	Common Stock, par value $0.001 per share	Tax liability	-$25.7K	-442	-5.53%	$58.10	7.56K	Mar 25, 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	-1.52K	-25%	$0.00	4.56K	Mar 25, 2023	Common Stock	1.52K		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 24, 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 25, 2022, subject to continued service through each applicable vesting date. The reporting person was granted 6,075 restricted stock units, of which 1,519 vested on March 25, 2023; 1,519 vest on March 25, 2024; 1,518 vest on March 25, 2025 and 1,519 of the options vest on March 25, 2026.