JOSEPH KINDER - 06 Mar 2025 Form 4 Insider Report for TILE SHOP HOLDINGS, INC. (TTSH)

Signature
/s/ Mark B. Davis, as Attorney-in-Fact
Issuer symbol
TTSH
Transactions as of
06 Mar 2025
Net transactions value
-$13,966
Form type
4
Filing time
10 Mar 2025, 19:01:09 UTC
Previous filing
05 Mar 2025
Next filing
27 Feb 2026

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTSH Common Stock Tax liability $7,586 -1,109 -1% $6.84 107,763 06 Mar 2025 Direct F1
transaction TTSH Common Stock Tax liability $6,380 -922 -0.86% $6.92 106,841 07 Mar 2025 Direct F1, F2, F3
holding TTSH Common Stock 600 06 Mar 2025 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) 26,900 06 Mar 2025 Common Stock 26,900 $8.50 Direct F4
holding TTSH Stock Option (Right to Buy) 50,000 06 Mar 2025 Common Stock 50,000 $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) 3,086 shares of restricted stock for which the risks of forfeiture will lapse on 3/6/26; (ii) 5,041 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/4/26 and 3/4/27; (iii) 9,028 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/3/26, 3/3/27 and 3/3/28; and
F3 (iv) 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) 7,407 shares for which the risks of forfeiture will lapse on the date the Issuer files its annual report for the 2025 fiscal year; (B) 10,587 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; and (C) 18,055 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 2025, 2026 and 2027 fiscal years, respectively. The Issuer's proxy statement contains additional information regarding the applicable performance targets.
F4 Fully exercisable.