Cabell Lolmaugh - 03 Mar 2022 Form 4 Insider Report for TILE SHOP HOLDINGS, INC. (TTSH)

Role
Chief Executive Officer, Director
Signature
/s/ Cabell Lolmaugh
Issuer symbol
TTSH
Transactions as of
03 Mar 2022
Net transactions value
$0
Form type
4
Filing time
04 Mar 2022, 11:13:46 UTC
Previous filing
23 Feb 2022
Next filing
08 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTSH Common Stock Disposed to Issuer $0 -9,129 -5.2% $0.000000 164,789 03 Mar 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) 2,750 03 Mar 2022 Common Stock 2,750 $10.00 Direct F3
holding TTSH Stock Option (Right to Buy) 1,613 03 Mar 2022 Common Stock 1,613 $14.19 Direct F3
holding TTSH Stock Option (Right to Buy) 26,900 03 Mar 2022 Common Stock 26,900 $8.50 Direct F3
holding TTSH Stock Option (Right to Buy) 56,000 03 Mar 2022 Common Stock 56,000 $5.55 Direct F3
holding TTSH Stock Option (Right to Buy) 97,067 03 Mar 2022 Common Stock 97,067 $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.