Scott Osborne - Jun 24, 2021 Form 4 Insider Report for Ollie's Bargain Outlet Holdings, Inc. (OLLI)

Role
VP, Store Operations
Signature
By: /s/ Robert Bertram as Attorney-In-Fact
Stock symbol
OLLI
Transactions as of
Jun 24, 2021
Transactions value $
-$1,949
Form type
4
Date filed
6/28/2021, 04:00 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLLI Common Stock, par value $0.001 per share Options Exercise $0 +78 +16.18% $0.00 560 Jun 24, 2021 Direct F1, F2
transaction OLLI Common Stock, par value $0.001 per share Tax liability -$1.95K -23 -4.11% $84.75 537 Jun 24, 2021 Direct F3, F4

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 OLLI Restricted Stock Units Options Exercise $0 -78 -33.33% $0.00 156 Jun 24, 2021 Common Stock 78 Direct F1, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion upon vesting restricted stock awards into common stock.
F2 Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis.
F3 Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the reporting person and cancelled by the issuer in exchange for the issuer's agreement to pay federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units.
F4 The price reported in column 4 is equivalent to the fair market value based on the closing market price as of June 24, 2021.
F5 Each restricted stock award is the economic equivalent of one share of Ollie's Bargain Outlet Holdings, Inc. common stock.
F6 The restricted stock units vest and become exercisable in 25% installments on each anniversary date of the grant, June 24, 2019, subject to continued service through each applicable vesting date. The reporting person was granted 311 restricted stock units, of which 77 of the restricted stock units vested on June 24, 2020; 78 of the restricted stock units vested on June 24, 2021; 78 of the restricted stock units will vest on June 24, 2022 and 78 of the restricted stock units will vest on June 24, 2023.