HENDRICKSON THOMAS 4

What Happened

• Thomas Hendrickson, a director of Ollie's Bargain Outlet Holdings, converted 1,091 derivative/restricted shares into common stock (recorded as an acquisition at $0) and simultaneously recorded the disposition of the related derivative interest. He was also granted 1,644 restricted stock units (RSUs) on April 1, 2026 (recorded at $0). No cash was paid or received in these transactions.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely).
• Conversions/exercise: 1,091 shares (derivative exercise/conversion) — $0 per share.
• Grant: 1,644 RSUs — $0 per share; these RSUs vest in full on April 1, 2027 (footnote F6).
• Vesting note: The RSUs granted April 1, 2025 vested in full on April 1, 2026 (footnote F5), which explains the conversion reported.
• Ownership: Reporting person also retains an indirect interest of 7,343 securities via a trust before and after these transactions (footnote F3).
• Footnotes summary: F1–F4 explain that restricted stock/RSUs convert one-for-one into common stock upon vesting; F5/F6 show which grants vested now vs. will vest in 2027.
• No open-market purchase or sale was reported; these were vesting/conversion and a grant.

Context

• These actions represent routine compensation vesting and bookkeeping (conversion of restricted awards and a new RSU grant), not an open-market buy or sell. No cash changed hands, so this is not a market-direction trade. For retail investors, vested awards increase the insider’s direct/common share count but are common for executives/directors as part of compensation.