Stephen Wawrin - Mar 2, 2023 Form 4 Insider Report for ESCALADE INC (ESCA)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ STEPHEN WAWRIN
Stock symbol: ESCA
Transactions as of: Mar 2, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/6/2023, 03:56 PM
Previous filing: Dec 16, 2022
Next filing: Dec 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESCA	Common Stock	Options Exercise		+2.5K	+8.33%		32.5K	Mar 2, 2023	Direct	F1
transaction	ESCA	Common Stock	Options Exercise		+1.03K	+3.18%		33.5K	Mar 4, 2023	Direct	F1
transaction	ESCA	Common Stock	Options Exercise		+3.67K	+10.94%		37.2K	Mar 4, 2023	Direct	F1

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	-2.5K	-33.33%	$0.00	5K	Mar 2, 2023	Common Stock	2.5K		Direct	F1, F2, F3
transaction	ESCA	Restricted Stock Units	Options Exercise	$0	-3.67K	-100%	$0.00^*	0	Mar 4, 2023	Common Stock	3.67K		Direct	F1, F2, F4
transaction	ESCA	Restricted Stock Units	Options Exercise	$0	-1.03K	-50%	$0.00	1.03K	Mar 4, 2023	Common Stock	1.03K		Direct	F1, F2, F5
transaction	ESCA	Restricted Stock Units	Award	$0	+8.33K		$0.00	8.33K	Mar 3, 2023	Common Stock	8.33K		Direct	F2, F6

* 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 March 2, 2022, the reporting person was granted 7,500 RSUs pursuant to the Escalade 2017 Plan, of which 2,500 RSUs vested and settled on March 2, 2023, as reported on this Form 4. One half of the remaining 5,000 RSUs will vest on March 2, 2024 and the other half will vest on March 2, 2025, provided that the reporting person remains an officer of Escalade. All RSUs settle in shares of ESCA common stock.
F4	On March 4, 2020, the reporting person was granted 11,000 RSUs pursuant to the Escalade 2017 Plan, of which 7,333 RSUs previously vested and settled, as previously reported. The remaining 3,667 RSUs vested on March 4, 2023 and settled on March 6, 2023, as reported on this Form 4. All RSUs settle in shares of ESCA common stock.
F5	On March 4, 2021, the reporting person was granted 3,095 RSUs pursuant to the Escalade 2017 Plan, of which 1,031 RSUs vested and settled on March 4, 2022, as previously reported. Of the remaining 2,064 RSUs, 1,032 vested on March 4, 2023 and settled on March 6, 2023, as reported on this Form 4, and the other half will vest on March 4, 2024, provided that the reporting person remains an officer of Escalade as of such vesting date. All RSUs settle in shares of ESCA common stock.
F6	On March 3, 2023, the reporting person was granted 8,331 RSUs pursuant to the Escalade 2017 Plan, of which one third will vest on March 3, 2024, one third on March 3, 2025 and one third on March 3, 2026, provided that the reporting person remains an officer of Escalade. All RSUs settle in shares of ESCA common stock.