Cabell Lolmaugh - Mar 3, 2022 Form 4 Insider Report for TILE SHOP HOLDINGS, INC. (TTSH)

Role
Chief Executive Officer, Director
Signature
/s/ Cabell Lolmaugh
Stock symbol
TTSH
Transactions as of
Mar 3, 2022
Transactions value $
$0
Form type
4
Date filed
3/4/2022, 11:13 AM
Previous filing
Feb 23, 2022
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTSH Common Stock Disposed to Issuer $0 -9.13K -5.25% $0.00 165K Mar 3, 2022 Direct F1, F2

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) 2.75K Mar 3, 2022 Common Stock 2.75K $10.00 Direct F3
holding TTSH Stock Option (Right to Buy) 1.61K Mar 3, 2022 Common Stock 1.61K $14.19 Direct F3
holding TTSH Stock Option (Right to Buy) 26.9K Mar 3, 2022 Common Stock 26.9K $8.50 Direct F3
holding TTSH Stock Option (Right to Buy) 56K Mar 3, 2022 Common Stock 56K $5.55 Direct F3
holding TTSH Stock Option (Right to Buy) 97.1K Mar 3, 2022 Common Stock 97.1K $6.26 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents forfeiture of unvested performance-based restricted stock as a result of the applicable performance target not being achieved.
F2 Includes (i) 85,482 shares of restricted stock for which the risks of forfeiture will lapse as to 28,494 shares on each of 3/16/22, 3/16/23 and 3/16/24; (ii) 15,214 shares of restricted stock for which the risks of forfeiture will lapse as to 5,071 shares on each of 3/15/22 and 3/15/23 and 5,072 shares on 3/15/24; and (iii) 21,299 shares of performance-based restricted stock for which the risks of forfeiture will lapse in three installments of 9,128 and 12,171 on each of the dates that the Issuer files its annual report for the years ending December 31, 2022 and 2023, respectively, subject to Mr. Lolmaugh 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.
F3 Fully exercisable.
F4 Options to purchase 24,267 shares vest on 2/20/23.