Lolmaugh Cabell 4
4 · TILE SHOP HOLDINGS, INC. · Filed Feb 28, 2025
Insider Transaction Report
Form 4
Lolmaugh Cabell
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Common Stock
2025-02-27−32,516→ 194,831 total
Holdings
- 56,000
Stock Option (Right to Buy)
Exercise: $5.55Exp: 2028-02-22→ Common Stock (56,000 underlying) - 97,067
Stock Option (Right to Buy)
Exercise: $6.26Exp: 2029-02-20→ Common Stock (97,067 underlying) - 26,900
Stock Option (Right to Buy)
Exercise: $8.50Exp: 2027-11-06→ Common Stock (26,900 underlying)
Footnotes (4)
- [F1]Represents forfeiture of unvested performance-based restricted stock granted in 2022, 2023 and 2024 as a result of the applicable performance targets not being achieved.
- [F2]Includes (i) 5,137 shares of restricted stock for which the risks of forfeiture will lapse on 3/7/25; (ii) 12,346 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/6/25 and 3/6/26; (iii) 15,125 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 3/4/25, 3/4/26 and 3/4/27; and
- [F3](iv) the following shares of performance-based restricted stock, which are, in each case, subject to Mr. Lolmaugh remaining in continuous employment with the Issuer through December 31 of the year preceding the applicable vesting date and the Issuer achieving its performance target for each respective year: (A) 14,815 shares for which the risks of forfeiture will lapse on the date the Issuer files its annual report for the 2025 fiscal year; and (B) 21,174 shares for which the risks of forfeiture will lapse as to 30% and 40% of the initial number of shares granted on each of the dates the Issuer files its annual report for the 2025 and 2026 fiscal years, respectively. The Issuer's proxy statement contains additional information regarding the applicable performance targets.
- [F4]Fully exercisable.