Daniel Gus - 21 Apr 2025 Form 4 Insider Report for ENNIS, INC. (EBF)

Role: General Counsel & Secretary
Signature: /s/Vera Burnett, Attorney-in-Fact for Daniel Gus
Issuer symbol: EBF
Transactions as of: 21 Apr 2025
Net transactions value: +$62,224
Form type: 4
Filing time: 22 Apr 2025, 19:19:25 UTC
Previous filing: 12 Nov 2024
Next filing: 03 Nov 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EBF	Common Stock	Options Exercise	$0	+1,802	+13%	$0.000000	15,795	21 Apr 2025	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	EBF	RSU granted 4/19/2024	Options Exercise	$0	-3,603	-18%	$0.000000	15,958	21 Apr 2025	Common Stock	3,603	$0.000000	Direct	F1
transaction	EBF	ISO granted 4/21/2025	Award	$62,224	+3,603	+23%	$17.27	19,561	21 Apr 2025	Common Stock	3,603	$17.27	Direct	F1
holding	EBF	ISO granted 4/21/2023						8,750	21 Apr 2025	Common Stock	8,750	$19.88	Direct	F2
holding	EBF	RSU granted 4/19/2024						19,561	21 Apr 2025	Common Stock	10,811	$0.000000	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Time-Based Restricted Units granted 4/19/2024 vest as follows: 1) thirty-three percent (33%) vest on April 21, 2025; 2) thirty-three percent (33%) vest on April 20, 2026; and 3) thirty-four percent (34%) vest on April 19, 2027. If the participant does not own Ennis common stock equal to value of 200% of the Participant's annual base salary at the time of each vesting date, then the time-based Subject Units vesting on that date shall vest as follows: 1) fifty percent (50%) of the Time-Based Subject Units shall convert to incentive stock options with two incentive stock options issued for each Subject Unit.
F2	Option contract expires ten years from date of grant, and provides that shares will become exercisable 1/3 annually commencing on the first anniversary of grant. All option contracts are granted at market price on date of grant.

Content

Time-Based Restricted Units granted 4/19/2024 vest as follows: 1) thirty-three percent (33%) vest on April 21, 2025; 2) thirty-three percent (33%) vest on April 20, 2026; and 3) thirty-four percent (34%) vest on April 19, 2027. If the participant does not own Ennis common stock equal to value of 200% of the Participant's annual base salary at the time of each vesting date, then the time-based Subject Units vesting on that date shall vest as follows: 1) fifty percent (50%) of the Time-Based Subject Units shall convert to incentive stock options with two incentive stock options issued for each Subject Unit.

Option contract expires ten years from date of grant, and provides that shares will become exercisable 1/3 annually commencing on the first anniversary of grant. All option contracts are granted at market price on date of grant.