Davis Mark Burton 4
4 · TILE SHOP HOLDINGS, INC. · Filed Feb 28, 2025
Insider Transaction Report
Form 4
Davis Mark Burton
Senior VP, CFO and Secretary
Transactions
- Disposition to Issuer
Common Stock
2025-02-27−16,259→ 105,443 total
Holdings
- 5,400
Stock Option (Right to Buy)
Exercise: $8.50Exp: 2027-11-06→ Common Stock (5,400 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) 2,568 shares of restricted stock for which the risks of forfeiture will lapse on 3/7/25; (ii) 6,173 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) 7,562 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; (iv) 2,464 shares of restricted stock for which the risks of forfeiture will lapse in equal annual installments on each of 5/13/25, 5/13/26 and 5/13/27; and (v) the following shares of performance-based restricted stock, which are, in each case, subject to Mr. Davis 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:
- [F3](cont.) (A) 7,407 shares for which the risks of forfeiture will lapse on the date the Issuer files its annual report for the 2025 fiscal year; (B) 10,587 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; and (C) 4,928 shares for which the risks of forfeiture will lapse as to 30%, 30% and 40% on each of May 13, 2025 and 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.