Lolmaugh Cabell 4

What Happened
Lolmaugh Cabell, CEO of Tile Shop Holdings (TTSH), directed the company to withhold 2,217 shares to satisfy his tax withholding obligation tied to the vesting of a previously reported restricted stock award. The withheld shares were valued at $3.34 each for a total of approximately $7,405. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date and price: March 6, 2026 — 2,217 shares at $3.34 per share (total ~$7,405).
• Transaction type/code: F — shares withheld by issuer to satisfy tax withholding on vesting.
• Shares owned after transaction: The Form 4 does not state total post-transaction beneficial ownership.
• Notable footnotes from the filing:
  • F1: Reporting person elected to satisfy tax withholding by having the issuer withhold shares issuable upon vesting.
  • F2: Lists time-based restricted stock: 5,041 shares (vesting 3/4/27) and 9,028 shares (vesting in equal annual installments on 3/3/27 and 3/3/28).
  • F3: Performance-based restricted stock: 12,099 shares may vest on release of 2026 financials; 10,833 shares vest 30%/40% on release of 2026/2027 financials, subject to continued employment and performance targets (see company 2025 Form 10‑K for targets).
  • F4: Certain options vest in three equal installments on 3/2/2027, 3/2/2028 and 3/2/2029, subject to continued employment.
  • F5: Some awards/options are fully exercisable (as noted in filing).
• Timeliness: Form 4 was filed on March 9, 2026 for a March 6 transaction — filed within required reporting window (timely).

Context
This was a routine tax-withholding action tied to vested restricted stock rather than an express sale of shares on the market. Withholding to cover taxes is a common administrative step and does not necessarily indicate the insider's view on the company's prospects. Performance-based and time-based awards cited in the footnotes remain subject to vesting conditions (continued employment and achievement of performance targets).