Eric van der Valk - Jun 6, 2023 Form 4 Insider Report for Ollie's Bargain Outlet Holdings, Inc. (OLLI)

Role
EVP, COO
Signature
/s/ James J. Comitale as Attorney-In-Fact
Stock symbol
OLLI
Transactions as of
Jun 6, 2023
Transactions value $
-$91,155
Form type
4
Date filed
6/8/2023, 04:21 PM
Previous filing
May 5, 2023
Next filing
Feb 22, 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 $0 +5.16K +189.39% $0.00 7.88K Jun 6, 2023 Direct F1, F2
transaction OLLI Common Stock, par value $0.001 per share Tax liability -$91.2K -1.47K -18.65% $62.01 6.41K Jun 6, 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 -5.16K -50% $0.00 5.16K Jun 6, 2023 Common Stock 5.16K Direct 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 June 6, 2023
F5 Each restricted stock unit represents a contingent right to receive one share of common stock at vesting.
F6 50% of the restricted stock units vested and became exercisable on June 6, 2023, the first anniversary date of the grant, 25% of the restricted stock units vest and become exercisable on each of the second and third anniversaries of the date of grant, subject to continued service through each applicable vesting date. The reporting person was granted 10,314 restricted stock units on June 6, 2022, of which 5,157 vested on June 6, 2023; 2,579 will vest on June 6, 2024; and 2,578 will vest on June 6, 2025.