Griffin Patrick J 4

What Happened

• Patrick J. Griffin, reported as a 10% owner of Escalade Inc. (ESCA), was granted 18,480 restricted stock units (RSUs) on March 5, 2026. The grant is listed as a derivative award (code A) at $0.00 per unit — this is a stock award, not a cash purchase or sale.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (appears timely under Form 4 rules).
• Award type/price: 18,480 RSUs granted @ $0.00 (derivative grant).
• Vesting: One-third vests on March 5, 2027; one-third on March 5, 2028; one-third on March 5, 2029, contingent on remaining an employee, director, or consultant of Escalade (per footnotes).
• Each RSU equals the right to receive one share of ESCA common stock upon vesting (Escalade 2017 Incentive Plan).
• Shares owned after the grant: not disclosed in this filing.
• Filing code: A = Award/Grant (not a market buy/sale); no 10b5-1 plan or tax-withholding details disclosed.

Context

• RSUs are a form of deferred equity: they confer a right to receive shares in the future if vesting conditions are met, so they do not immediately increase tradable share count. Such awards are commonly used for retention or compensation and are different from open-market purchases or sales. As a reported 10% owner, Griffin is a significant shareholder, but this filing documents a compensation/award event rather than an outright market transaction.