Larry Kraus - Mar 28, 2022 Form 4 Insider Report for Ollie's Bargain Outlet Holdings, Inc. (OLLI)

Role: VP, CIO
Signature: By: /s/ James J. Comitale as Attorney-In-Fact
Stock symbol: OLLI
Transactions as of: Mar 28, 2022
Transactions value $: -$22,645
Form type: 4
Date filed: 3/29/2022, 04:15 PM
Previous filing: Mar 28, 2022
Next filing: Mar 22, 2023

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	+1.75K	+96.74%	$0.00	3.57K	Mar 28, 2022	Direct	F1, F2
transaction	OLLI	Common Stock, par value $0.001 per share	Tax liability	-$22.6K	-537	-15.06%	$42.17	3.03K	Mar 28, 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	-1.75K	-100%	$0.00^*	0	Mar 28, 2022	Common Stock	1.75K		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 28, 2022.
F5	Each restricted stock award is the economic equivalent of one share of Ollie's Bargain Outlet Holdings, Inc. common stock.
F6	The reporting person was granted 1,753 restricted stock units on March 28 2018. The restricted stock units vested in their entirety on March 28, 2022.