Griffin Patrick J 4

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.