Craig Demarest - Jun 21, 2023 Form 4 Insider Report for CROWN CRAFTS INC (CRWS)

Role
Vice President and CFO
Signature
/s/ Daniel W. Miller, on behalf of Craig J. Demarest
Stock symbol
CRWS
Transactions as of
Jun 21, 2023
Transactions value $
$0
Form type
4
Date filed
6/23/2023, 06:02 PM
Previous filing
Mar 22, 2023
Next filing
Aug 18, 2023

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 CRWS Nonstatutory Stock Option (Right to Buy) Award +20K +66.67% 50K Jun 21, 2023 Common Stock 20K $5.26 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option was granted pursuant to the Issuer's 2021 Incentive Plan and is exercisable as follows: (a) 10,000 shares on or after June 21, 2024; and (b) 10,000 shares on or after June 21, 2025.
F2 Derivative securities represent the grant of a stock option made in consideration of the services to be rendered by the Reporting Person to the Issuer.