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ESCALADE INC·4

Apr 7, 4:30 PM ET

Griffin Patrick J 4

4 · ESCALADE INC · Filed Apr 7, 2026

Research Summary

AI-generated summary of this filing

Updated

Escalade (ESCA) 10% Owner Patrick Griffin Receives RSU Shares

What Happened

  • Patrick J. Griffin (reported as a 10% owner) had 2,100 restricted stock units (RSUs) vest and convert into 2,100 shares of Escalade common stock on April 3, 2026 (transaction code M = exercise/conversion of a derivative). The filing also shows 2,100 shares disposed at $0.00 on the same date, which is commonly the result of shares being surrendered to the company to satisfy tax withholding or similar obligations. No cash proceeds were reported.

Key Details

  • Transaction date: 2026-04-03 (reported on Form 4 filed 2026-04-07 — filing appears timely)
  • Acquired: 2,100 shares via RSU conversion (one-for-one per F1, F7)
  • Disposed: 2,100 shares @ $0.00 (derivative disposition)
  • Net change to Griffin’s public share count: effectively zero (2,100 in / 2,100 out)
  • Notable footnotes:
    • F1/F7: RSUs convert one-for-one to common shares under the Escalade 2017 Incentive Plan.
    • F8: Original grant was 6,300 RSUs (granted 4/3/2024); vesting schedule: 2,100 vested 4/3/2025, 2,100 vested/settled 4/3/2026, and 2,100 remain to vest 4/3/2027.
    • F2–F6: Griffin disclaims beneficial ownership of certain shares held by family members and trusts, though he is deemed to have indirect beneficial ownership in trust holdings (notably 614,964.629 shares and 300,000 shares referenced for certain trusts).
  • No cash value reported for the disposed shares.

Context

  • This transaction reflects RSU vesting and settlement rather than an open-market purchase or sale. The simultaneous zero-dollar disposition is typically how companies document shares surrendered on settlement to cover taxes or other withholding — not an indicated market sale for cash. As a 10% owner and trustee for family trusts, Griffin’s filings include disclaimers about beneficial ownership in family and trust holdings; these are separate from the RSU settlement events described above.

Insider Transaction Report

Form 4
Period: 2026-04-03
ESCALADE INCESCA
Griffin Patrick J
DirectorPRESIDENT & CEO10% Owner
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-04-03+2,100→ 580,455.229 total
  • Exercise/Conversion

    Restricted Stock Units

    [F7][F8]
    2026-04-03−2,100→ 2,100 total
    Exp: 2027-04-03→ Common Stock (2,100 underlying)
Holdings

  • Common Stock

    [F2]
    (indirect: By adult son)
    3,289

  • Common Stock

    [F3]
    (indirect: by UTMA custodian for adult daughter)
    1,289

  • Common Stock

    [F4]
    (indirect: By Trust)
    614,964.629

  • Common Stock

    [F5]
    (indirect: By Partnership)
    1,326,736

  • Common Stock

    [F6]
    (indirect: By Trust)
    300,000
Footnotes (8)
  • [F1]Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.
  • [F2]Mr. Griffin disclaims beneficial interest in shares held by his adult son, except to the extent of his pecuniary interest therein.
  • [F3]Mr. Griffin disclaims beneficial interest in shares held by his adult daughter, except to the extent of his pecuniary interest therein.
  • [F4]Mr. Griffin disclaims beneficial ownership in shares held by an irrevocable trust (previously owned by his late father), except to the extent of his pecuniary interest therein. Mr. Griffin is deemed to have an indirect beneficial ownership in the 614,964.629 shares held by such trusts due to his serving as a trustee and his mother being the beneficiary.
  • [F5]This reporting person disclaims beneficial ownership in shares held by the family limited partnership, except to the extent of his pecuniary interest therein.
  • [F6]Mr. Griffin disclaims beneficial ownership in shares held by a revocable trust owned by his mother, except to the extent of his pecuniary interest therein. Mr. Griffin is deemed to have an indirect beneficial ownership in the 300,000 shares held by such trusts due to his serving as a trustee and his mother being the beneficiary.
  • [F7]Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).
  • [F8]On April 3, 2024, the reporting person was granted 6,300 RSUs pursuant to the Escalade 2017 Plan, of which 2,100 RSUs vested and settled on April 3, 2025 and 2,100 RSUs vested and settled on April 3, 2026. The remaining 2,100 RSUs will vest on April 3, 2027, provided that the reporting person remains an employee, director or consultant of Escalade.
Signature
/s/ PATRICK J. GRIFFIN|2026-04-06

Documents

1 file
  • 4
    form4-04072026_040409.xmlPrimary