Crestview Partners II GP, L.P. 4

What Happened

• Crestview Partners II GP, L.P. (a reporting 10% owner) reported an award of 20,325 restricted stock units (RSUs) relating to Camping World Holdings, Inc. (CWH) Class A shares on May 21, 2026. The units were reported at $0.00 (no cash paid at grant). The RSUs were granted to Brian P. Cassidy under the company's 2016 Incentive Award Plan and have been assigned to Crestview Advisors, L.L.C.

Key Details

• Transaction date: May 21, 2026; Filing date: May 26, 2026 (filed five days after the transaction).
• Transaction type/code: A = Award/Grant of RSUs; reported price $0.00; immediate value $0.
• Vesting: RSUs scheduled to vest on May 21, 2027, subject to plan and award agreement terms (Footnote F2).
• Shares owned after transaction (per filing): (i) 1,873,626 Class A shares directly owned by CVRV Acquisition II LLC and (ii) 57,270 Class A shares either underlying RSUs (reported herein or previously granted) or held by Crestview Advisors — total reflected ~1,930,896 Class A shares attributable to related Crestview entities (Footnote F3).
• Relationship/beneficial ownership: RSUs were granted to Brian P. Cassidy (a board member and partner at Crestview entities) and assigned to Crestview Advisors; Crestview Partners II GP, L.P. may be deemed to beneficially own shares held by related CVRV entities and disclaims ownership except to extent of pecuniary interest (F1, F5–F7).
• Administrative note: EDGAR filing codes for certain affiliated entities were not available at filing time; the Form 4 may be amended to include them (F8).

Context

• This was an equity compensation grant (RSUs), not a market purchase or sale — typical for executive compensation and not an immediate cash investment or divestment signal.
• The award vests one year from grant (May 21, 2027), so the shares are not yet owned outright. As a 10% owner/institutional reporting person, this reflects internal compensation and allocation among related entities rather than an open-market trade.