Mark B. Davis - Mar 3, 2022 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
Mar 3, 2022
Transactions value $
$0
Form type
4
Date filed
3/4/2022, 11:16 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 -4.57K -4.64% $0.00 93.9K Mar 3, 2022 Direct F1, F2, F3
holding TTSH Common Stock 820 Mar 3, 2022 By Child #1
holding TTSH Common Stock 775 Mar 3, 2022 By Child #2
holding TTSH Common Stock 765 Mar 3, 2022 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 Mar 3, 2022 Common Stock 2.74K $14.19 Direct F4
holding TTSH Stock Option (Right to Buy) 5.4K Mar 3, 2022 Common Stock 5.4K $8.50 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) 1,598 shares of restricted stock for which the risks of forfeiture will lapse 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) 10,649 shares of performance-based restricted stock for which the risks of forfeiture will lapse in three installments of 4,564 and 6,085 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. 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.