KINDER JOSEPH 4

What Happened
Joseph Kinder, SVP and Chief Merchant Officer of Tile Shop Holdings, reported a disposition of 1,108 shares on March 6, 2026. The shares were withheld by the company to satisfy tax withholding on a prior restricted stock grant (transaction code F) at $3.34 per share, for an aggregate value of $3,701. This was a tax-withholding event (not an open-market sale).

Key Details

• Transaction date and price: 2026-03-06 — 1,108 shares @ $3.34, proceeds/result $3,701.
• Transaction code: F — shares withheld to satisfy tax withholding on vesting (see footnote F1).
• Shares owned after transaction: the Form 4 does not state a single total; footnotes list restricted stock and performance awards totaling 27,225 restricted shares (see F2 & F3) plus additional stock options (see F4 & F5).
• Footnotes of note: F1 explains tax-withholding via share withholding; F2–F3 detail time- and performance-based restricted stock schedules; F4 describes option vesting schedule; F5 notes some options are fully exercisable. The company's 2025 Form 10-K contains details on the performance targets referenced.
• Filing timeliness: Report filed 2026-03-09 for a 2026-03-06 transaction — filed within required business-day window.

Context
This was a routine tax-withholding/cashless satisfaction of tax liability tied to restricted stock vesting, not an indication of a discretionary open-market sale or purchase. Such withholdings are common when awards vest and do not, by themselves, signal the insider's view of the company.