Patrick J. Griffin - Mar 2, 2024 Form 4 Insider Report for ESCALADE INC (ESCA)

Role: VICE PRESIDENT, Director, 10%+ Owner
Signature: /s/ PATRICK J. GRIFFIN
Stock symbol: ESCA
Transactions as of: Mar 2, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/5/2024, 04:32 PM
Previous filing: Dec 14, 2023
Next filing: Apr 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESCA	Common Stock	Options Exercise		+1.67K	+0.3%		549K	Mar 2, 2024	Direct	F1
transaction	ESCA	Common Stock	Options Exercise		+1.85K	+0.34%		551K	Mar 3, 2024	Direct	F1
transaction	ESCA	Common Stock	Options Exercise		+1.03K	+0.19%		552K	Mar 4, 2024	Direct	F1
holding	ESCA	Common Stock						2K	Mar 2, 2024	By adult son	F2
holding	ESCA	Common Stock						1.33M	Mar 2, 2024	By Family Limited Partnership	F3

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	-1.67K	-50%	$0.00	1.67K	Mar 2, 2024	Common Stock	1.67K		Direct	F1, F4, F5
transaction	ESCA	Restricted Stock Units	Options Exercise	$0	-1.03K	-100%	$0.00^*	0	Mar 4, 2024	Common Stock	1.03K		Direct	F1, F4, F6
transaction	ESCA	Restricted Stock Units	Options Exercise	$0	-1.85K	-33.33%	$0.00	3.7K	Mar 3, 2024	Common Stock	1.85K		Direct	F4, F7

* 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	Mr. Griffin disclaims beneficial interest in shares held by his adult son, except to the extent of his pecuniary interest therein.
F3	This reporting person disclaims beneficial ownership in shares held by the family limited partnership, except to the extent of his pecuniary interest therein. All shares held by the family limited partnership are also deemed to be beneficially owned by Mr. Robert E. Griffin, his father, which shares are also included by Mr. Robert E. Griffin on his Section 16 reports.
F4	Each RSU represents a right to receive one share of ESCA common stock granted pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).
F5	On March 2, 2022, the reporting person was granted 5,000 RSUs pursuant to the Escalade 2017 Plan, of which 1,666 RSUs vested and settled on March 2, 2023, as previously reported . An additional 1,667 RSUs vested on March 2, 2024 and settled on March 4, 2024, as reported on this Form 4. The remaining 1,667 RSUs 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.
F6	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 and 1,032 RSUs vested and settled on March 4, 2023, as previously reported. The remaining 1,032 RSUs vested and settled on March 4, 2024, as reported on this Form 4. All RSUs settle in shares of ESCA common stock.
F7	On March 3, 2023, the reporting person was granted 5,550 RSUs pursuant to the Escalade 2017 Plan, of which one third vested on March 3, 2024 and settled on March 4, 2024, as reported on this Form 4. The remaining 3,700 RSUs will vest one half on March 3, 2025 and one half on March 3, 2026, provided that the reporting person remains an officer of Escalade. All RSUs settle in shares of ESCA common stock.