Mark B. Davis - 02 Mar 2026 Form 4 Insider Report for TILE SHOP HOLDINGS, INC. (TTSH)

Role: Senior VP, CFO and Secretary
Signature: /s/ Mark B. Davis
Issuer symbol: TTSH
Transactions as of: 02 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2026, 16:15:23 UTC
Previous filing: 27 Feb 2026
Next filing: 05 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Davis Mark Burton	Senior VP, CFO and Secretary	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PARKWAY, PLYMOUTH	/s/ Mark B. Davis	03 Mar 2026	0001787766

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TTSH	Common Stock						108,975	02 Mar 2026	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
transaction	TTSH	Stock Option (Right to Buy)	Award	$0	+80,000		$0.000000	80,000	02 Mar 2026	Common Stock	80,000	$3.41	Direct	F3
holding	TTSH	Stock Option (Right to Buy)						5,400	02 Mar 2026	Common Stock	5,400	$8.50	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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) 1,642 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 5/13/26 and 5/13/27; (iv) 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 (v) the following shares of performance-based restricted stock, which are, in each case, subject to Mr. Davis 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:
F2	(cont.) (A) 6,049 shares for which the risks of forfeiture will lapse on the date the Issuer releases its annual financial statements for the 2026 fiscal year; (B) 1,972 shares for which the risks of forfeiture will lapse on the date the Issuer releases its annual financial statements for the 2026 fiscal year; and (C) 12,638 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 releases its annual financial statements for the 2026 and 2027 fiscal years, respectively. The Issuer's Form 10-K for the year ended December 31, 2025 contains additional information regarding the applicable performance targets.
F3	The options vest in three substantially equal installments on each of 3/2/2027, 3/2/2028 and 3/2/2029, subject to continuous employment as of the applicable vesting date.
F4	Fully exercisable.