Griffin Patrick J 4

What Happened

• Patrick J. Griffin (reported as a 10% owner) had 1,840 restricted stock units (RSUs) vest on March 11, 2026. The RSUs converted one-for-one into 1,840 shares of Escalade common stock. The filing shows a simultaneous disposition of 1,840 shares at $0.00.
• No purchase price or cash proceeds are reported for the conversion/disposition. This was a vesting/conversion of awards, not an open-market buy or sale.

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 12, 2026 (timely).
• Reported transaction code: M (exercise/conversion of derivative — here RSU conversion into shares).
• Shares vested/issued: 1,840 RSUs → 1,840 common shares. Disposition shown: 1,840 shares @ $0.00.
• Footnotes of note:
  • F1/F7: Each RSU converts to one share under the Escalade 2017 Incentive Plan.
  • F8: These RSUs were part of a 5,520 RSU grant on March 11, 2025; 1,840 vested on 3/11/2026, with the remaining tranches vesting in 2027 and 2028.
  • F2–F6: Griffin disclaims beneficial ownership of certain family-held shares except to the extent of pecuniary interest; he is deemed to have indirect beneficial ownership of large blocks held in trusts (noted in filings).
• Shares owned after transaction: total post-transaction holdings are not specified in the provided excerpt.

Context

• When RSUs vest, it's common for some or all shares to be withheld or surrendered to cover taxes. The filing shows a disposition of the exact 1,840 shares at $0.00, which typically indicates withholding or surrender rather than a market sale.
• This was an award vesting event (routine compensation), not an insider purchase or market sale that would more directly signal trading conviction.