SWYGERT JOHN W 4

What Happened
John W. Swygert, Executive Chairman and Director of Ollie's Bargain Outlet (OLLI), had 9,257 restricted stock units (RSUs) convert to common stock on March 25, 2026 (derivative exercise/conversion). Of those shares, 4,026 were surrendered to cover federal/state tax withholding (worth $366,406 based on $91.01 fair market value used for withholding) and 3,898 shares were sold in the open market on March 27, 2026 for a weighted average price of $89.40, generating approximately $348,481. Net from this reported vesting/conversion he retained 1,333 shares from that award (9,257 − 4,026 − 3,898 = 1,333).

Key Details

• Dates: RSU conversion/vesting recorded 2026-03-25; open-market sale executed 2026-03-27; Form 4 filed 2026-03-27 (appears timely).
• Transaction codes: M = conversion/exercise of derivative (RSUs → common stock); F = shares surrendered/withheld to satisfy tax obligations; S = open market sale.
• Prices/values: conversion price $0.00; withholding price reported as $91.01 (fair market value as of 3/25/2026); sale weighted avg $89.40 (sales executed between $88.55–$90.29).
• Shares moved: 9,257 RSUs converted; 4,026 shares withheld for taxes ($366,406); 3,898 shares sold ($348,481); 1,333 shares remained from this conversion.
• Footnotes of note: RSUs convert one-for-one into common stock and the filing states the reporting person was originally granted 37,028 RSUs (all vested as of 3/25/2026). The tax-withholding share surrender was an exempt transaction under Rule 16b‑3. The open-market sale was made under a pre-established Rule 10b5‑1 trading plan adopted 6/23/2025 and disclosed in the issuer’s 10-Q.

Context
This was primarily a vesting/settlement of RSUs with routine tax withholding plus a subsequent sale under a pre-arranged 10b5‑1 plan. The withholding of shares to cover taxes and a subsequent sale are common administrative steps following equity award vesting and do not, by themselves, indicate a change in long-term insider sentiment.