Cabell Lolmaugh - 27 Feb 2025 Form 4 Insider Report for TILE SHOP HOLDINGS, INC. (TTSH)

Role
Chief Executive Officer, Director
Signature
/s/ Mark B. Davis, as Attorney-in-Fact
Issuer symbol
TTSH
Transactions as of
27 Feb 2025
Net transactions value
$0
Form type
4
Filing time
28 Feb 2025, 19:14:13 UTC
Previous filing
19 Mar 2024
Next filing
05 Mar 2025
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 -32,516 -14% $0.000000 194,831 27 Feb 2025 Direct F1, F2, F3

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) 26,900 27 Feb 2025 Common Stock 26,900 $8.50 Direct F4
holding TTSH Stock Option (Right to Buy) 56,000 27 Feb 2025 Common Stock 56,000 $5.55 Direct F4
holding TTSH Stock Option (Right to Buy) 97,067 27 Feb 2025 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 granted in 2022, 2023 and 2024 as a result of the applicable performance targets not being achieved.
F2 Includes (i) 5,137 shares of restricted stock for which the risks of forfeiture will lapse on 3/7/25; (ii) 12,346 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; (iii) 15,125 shares of restricted stock 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 (iv) the following shares of performance-based restricted stock, which are, in each case, subject to Mr. Lolmaugh 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) 14,815 shares for which the risks of forfeiture will lapse on the date the Issuer files its annual report for the 2025 fiscal year; and (B) 21,174 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 2025 and 2026 fiscal years, respectively. The Issuer's proxy statement contains additional information regarding the applicable performance targets.
F4 Fully exercisable.

Remarks:

Power of Attorney is attached hereto as Exhibit 24.