Kevin McLain - Mar 22, 2022 Form 4 Insider Report for Ollie's Bargain Outlet Holdings, Inc. (OLLI)

Role: SVP, Merchandising
Signature: By: /s/ James J. Comitale as Attorney-In-Fact
Stock symbol: OLLI
Transactions as of: Mar 22, 2022
Transactions value $: -$9,361
Form type: 4
Date filed: 3/24/2022, 04:32 PM
Previous filing: Jul 16, 2021
Next filing: Mar 25, 2022

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	+632	+144.62%	$0.00	1.07K	Mar 22, 2022	Direct	F1, F2
transaction	OLLI	Common Stock, par value $0.001 per share	Tax liability	-$9.36K	-218	-20.39%	$42.94	851	Mar 22, 2022	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	+632	+50%	$0.00	1.9K	Mar 22, 2022	Common Stock	632		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 March 22, 2022.
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, March 22, 2021, subject to continued service through each applicable vesting date. The reporting person was granted 2,528 restricted stock units, of which 632 of the restricted stock units vested on March 22, 2022; 632 of the restricted stock units vest on March 22, 2023; 632 of the restricted stock units vest on March 22, 2024 and 632 of the restricted stock units vest on March 22, 2025.

Remarks:

See Exhibit 24.1 - Power of Attorney