Mark B. Davis - Oct 23, 2021 Form 4 Insider Report for TILE SHOP HOLDINGS, INC. (TTSH)

Role
VP Inv. Relations & CAO
Signature
/s/ Mark Davis
Stock symbol
TTSH
Transactions as of
Oct 23, 2021
Transactions value $
-$34,385
Form type
4
Date filed
10/25/2021, 04:08 PM
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTSH Common Stock Tax liability -$34.4K -4.4K -4.25% $7.82 99K Oct 23, 2021 Direct F1, F2, F3
holding TTSH Common Stock 820 Oct 23, 2021 By Child #1
holding TTSH Common Stock 775 Oct 23, 2021 By Child #2
holding TTSH Common Stock 765 Oct 23, 2021 By Child #3

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
holding TTSH Stock Option (Right to Buy) 2.74K Oct 23, 2021 Common Stock 2.74K $14.19 Direct F4
holding TTSH Stock Option (Right to Buy) 5.4K Oct 23, 2021 Common Stock 5.4K $8.50 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person has elected to satisfy his tax withholding obligation in connection with the vesting of a prior restricted stock grant by directing the Issuer to withhold shares otherwise issuable upon vesting of the previously reported grant.
F2 Includes (i) 3,195 shares of restricted stock for which the risks of forfeiture will lapse as to 1,597 shares on 2/20/22 and 1,598 shares on 2/20/23; (ii) 28,736 shares of restricted stock for which the risks of forfeiture will lapse as to 14,368 shares on each of 10/23/22 and 10/23/23; (iii) 10,685 shares of restricted stock for which the risks of forfeiture will lapse as to 3,562 shares on each of 3/16/22 and 3/16/23 and 3,561 shares on 3/16/24; (iv) 7,607 shares of restricted stock for which the risks of forfeiture will lapse as to 2,535 shares on 3/15/22 and 2,536 shares on each of 3/15/23 and 3/15/24; and
F3 (v) 15,214 shares of performance-based restricted stock for which the risks of forfeiture will lapse in three installments of 4,564, 4,564 and 6,086 on each of the dates that the Issuer files its annual report for the years ending December 31, 2021, 2022 and 2023, respectively, subject to Mr. Davis remaining in continuous employment with the Issuer prior to and as of December 31 of the year preceding the applicable vesting date and the Issuer achieving its performance target for each respective year.
F4 Fully exercisable.
F5 Options to purchase 1,350 shares will vest on 11/6/2021.