Robert F. Helm - Oct 17, 2023 Form 4 Insider Report for Ollie's Bargain Outlet Holdings, Inc. (OLLI)

Role
SVP/CFO
Signature
/s/ James J. Comitale as Attorney-In-Fact
Stock symbol
OLLI
Transactions as of
Oct 17, 2023
Transactions value $
-$31,274
Form type
4
Date filed
10/19/2023, 04:17 PM
Previous filing
Mar 27, 2023
Next filing
Dec 15, 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 +1.5K $0.00 1.5K Oct 17, 2023 Direct F1, F2
transaction OLLI Common Stock, par value $0.001 per share Tax liability -$31.3K -429 -28.52% $72.90 1.08K Oct 17, 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 -1.5K -25% $0.00 4.51K Oct 17, 2023 Common Stock 1.5K 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 October 17, 2023.
F5 Each restricted stock award is the economic equivalent of one share of Ollie's Bargain Outlet Holdings, Inc. common stock.
F6 The reporting person was granted 6,017 restricted stock units on October 17, 2022, of which 1,504 of the restricted stock units vested on October 17, 2023. The common stock into which such vested restricted stock units converted on October 17, 2023 is reported in Table I on this Form 4. The remaining unvested stock units will continue to vest with 1,505 of the restricted stock units vesting on October 17, 2024; 1,504 of the restricted stock units vesting on October 17, 2025; and 1,504 of the restricted stock units vesting on October 17, 2026.