Boyne Brewer - May 12, 2025 Form 4 Insider Report for ENNIS, INC. (EBF)

Role: Chief Operating Officer
Signature: /s/Vera Burnett, Attorney-in-Fact for Boyne Brewer
Stock symbol: EBF
Transactions as of: May 12, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/13/2025, 03:57 PM
Previous filing: Apr 22, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
BREWER BOYNE WADE	Chief Operating Officer	2441 PRESIDENTIAL PARKWAY, MIDLOTHIAN	/s/Vera Burnett, Attorney-in-Fact for Boyne Brewer	2025-05-13	0001947527

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EBF	Common Stock	Conversion of derivative security	$43.2K	+2.5K	+13.03%	$17.27	21.7K	May 12, 2025	Direct	F3

Showing 1 to 1 of 1 entries

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	ISO granted 4/21/2025 (Right-to-Buy)	Conversion of derivative security	-$43.2K	-2.5K	-69.39%	$17.27	1.1K	May 12, 2025	Common Stock	2.5K	$17.27	Direct	F3
holding	EBF	ISO granted 4/21/2023 (Right-to-Buy)						6.67K	May 12, 2025	Common Stock	0	$19.88	Direct	F2
holding	EBF	RSU granted 4/19/2024						7.21K	May 12, 2025	Common Stock	0	$0.00	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.
F3	Option Contract expires ten years from date of grant and is immediately exercisable. All option contracts are granted at market price on date of grant.