Craig Demarest - 02 Jul 2025 Form 4 Insider Report for CROWN CRAFTS INC (CRWS)

Reporting relationship: Vice President and CFO
Issuer ticker: CRWS
Reported as of: 02 Jul 2025
Net transaction value: -$8,968
SEC form: 4
Accepted by SEC: 07 Jul 2025, 18:00:18 UTC
Prior SEC filing: 25 Mar 2025
Source filing: View source filing
Reporting owner signature: /s/ Daniel W. Miller, on behalf of Craig Demarest

Key filing fact

Craig Demarest filed Form 4 for CROWN CRAFTS INC (CRWS) on 07 Jul 2025.

Key facts

This page summarizes Craig Demarest's Form 4 filing for CROWN CRAFTS INC (CRWS).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 07 Jul 2025, 18:00.

Change

Previous filing in this sequence was filed on 25 Mar 2025.
Current net transaction value: -$8,968.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001436705 Primary reporting owner

Demarest Craig

Relationship: Vice President and CFO
Address: PO BOX 1028, GONZALES
Signature: /s/ Daniel W. Miller, on behalf of Craig Demarest
Signature date: 07 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CRWS transaction

Common Stock

Tax liability

Transaction value: $8,968
Shares: -3,103
Change %: -6.4%
Price: $2.89
Shares after: 45,262
Date: 02 Jul 2025
Ownership: Direct
Footnotes: F1

CRWS transaction

Common Stock

Disposed to Issuer

Transaction value: $0
Shares: -14,429
Change %: -32%
Price: $0.000000
Shares after: 30,833
Date: 02 Jul 2025
Ownership: Direct
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Craig Demarest is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

This transaction represents the surrender to the Issuer by the Reporting Person of 3,103 shares of common stock to satisfy the tax withholding obligations incurred by the Reporting Person upon the vesting of 10,571 shares of common stock awarded to the Reporting Person on March 26, 2024.

Footnote F2

This transaction represents the forfeiture to the Issuer by the Reporting Person of 14,429 shares of common stock awarded to the Reporting Person on March 26, 2024.

SEC remarks

In connection with the retirement from all positions that the Reporting Person held with the Issuer, the Compensation Committee of the Board of Directors of the Issuer accelerated the vesting of a portion of the total quantity of 25,000 shares of common stock awarded to the Reporting Person on March 26, 2024, such award originally scheduled to vest in its entirety on March 26, 2027. Pursuant to such acceleration, 10,571 shares of common stock vested effective as of the last day of the Reporting Person's employment with the Issuer on July 2, 2025, such quantity of shares of common stock vested calculated as the product of (i) 25,000, multiplied by (ii) a fraction, the numerator of which is the number of calendar days that the Reporting Person was employed by the Issuer from March 26, 2024 through July 2, 2025 and the denominator of which is the number of calendar days in the original vesting period of March 26, 2024 through March 26, 2027. The remaining unvested portion of the award, consisting of 14,429 shares of common stock and calculated as the difference between the 25,000 shares of common stock originally awarded to the Reporting Person on March 26, 2024 and the 10,571 shares of common stock from such award that vested on the last day of the Reporting Person's employment with the Issuer on July 2, 2025, were forfeited to the Issuer.