Walter P. Glazer Jr. - Jan 1, 2023 Form 4 Insider Report for ESCALADE INC (ESCA)

Role: CEO & PRESIDENT, Director
Signature: /s/ WALTER P. GLAZER, JR.
Stock symbol: ESCA
Transactions as of: Jan 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/3/2023, 03:12 PM
Previous filing: Mar 7, 2022
Next filing: Mar 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESCA	Common Stock	Options Exercise		+18.1K	+6.2%		309K	Jan 1, 2023	Direct	F1
holding	ESCA	Common Stock						8.5K	Jan 1, 2023	Shares held 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
transaction	ESCA	Restricted Stock Units	Options Exercise	$0	-18.1K	-33.33%	$0.00	36.1K	Jan 1, 2023	Common Stock	18.1K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.
F2	Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).
F3	On January 1, 2022, the reporting person was granted 54,152 RSUs under the Plan upon his commencement of full-time employment as Escalade's CEO and President, of which one third (18,050) vested and settled as of January 1, 2023 as reported on this Form 4.. The remaining RSUs will vest in increments of 18,050 on each of January 1, 2024, and January 1, 2025.