Joseph Kinder - Mar 6, 2024 Form 4 Insider Report for TILE SHOP HOLDINGS, INC. (TTSH)

Signature
/s/ Joseph Kinder
Stock symbol
TTSH
Transactions as of
Mar 6, 2024
Transactions value $
-$13,775
Form type
4
Date filed
3/8/2024, 09:00 PM
Previous filing
Mar 4, 2024
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTSH Common Stock Tax liability -$7.56K -1.11K -1.04% $6.82 106K Mar 6, 2024 Direct F1
transaction TTSH Common Stock Tax liability -$6.21K -923 -0.87% $6.73 105K Mar 7, 2024 Direct F1, F2, F3
holding TTSH Common Stock 600 Mar 6, 2024 By Spouse

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) 26.9K Mar 6, 2024 Common Stock 26.9K $8.50 Direct F4
holding TTSH Stock Option (Right to Buy) 50K Mar 6, 2024 Common Stock 50K $8.80 Direct F4
* 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) 14,247 shares of restricted stock for which the risks of forfeiture will lapse on 3/16/24; (ii) 2,540 shares of restricted stock for which the risks of forfeiture will lapse on 3/15/24; (iii) 2,568 shares of restricted stock for which the risks of forfeiture will lapse on 3/7/25; (iv) 6,173 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/6/25 and 3/6/26; (v) 7,562 shares for which the risks of forfeiture will lapse in equal annual installments on each of 3/4/25, 3/4/26 and 3/4/27; and
F3 (vi) the following shares of performance-based restricted stock, which are, in each case, subject to Mr. Kinder remaining in continuous employment with the Issuer through December 31 of the year preceding the applicable vesting date and the Issuer achieving its performance target for each respective year: (A) 6,165 shares for which the risks of forfeiture will lapse on the date the Issuer files its annual report for the 2024 fiscal year; (B) 12,963 shares for which the risks of forfeiture will lapse as to 30% and 40% of the initial number of shares granted on each of the dates the Issuer files its annual report for the 2024 and 2025 fiscal years, respectively; and (C) 15,125 shares for which the risks of forfeiture will lapse as to 30%, 30% and 40% on each of the dates the Issuer files its annual report for the 2024, 2025 and 2026 fiscal years, respectively. The Issuer's proxy statement contains additional information regarding the applicable performance targets.
F4 Fully exercisable.

Remarks:

SVP, Supply Chain & Distribution