Form 4: Tile Shop Holdings CEO Lolmaugh Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Tile Shop Holdings CEO Cabell Lolmaugh sold shares to cover tax obligations related to vesting restricted stock.
Summary
- Cabell Lolmaugh, CEO of Tile Shop Holdings, sold 2,217 shares on March 6, 2025, at a price of $6.84 per share and 1,599 shares on March 7, 2025, at a price of $6.92 per share to satisfy tax withholding obligations related to the vesting of restricted stock.
- Following these transactions, Lolmaugh directly owns 229,829 shares of common stock.
- Lolmaugh also holds options to purchase 26,900 shares at $8.50 (exercisable from 11/06/2027), 56,000 shares at $5.55 (exercisable from 02/22/2028), and 97,067 shares at $6.26 (exercisable from 02/20/2029).
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock sales for tax purposes.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The stock sales may have a minor, temporary impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Sale of 2,217 shares at $6.84. |
| 03/07/2025 | Sale of 1,599 shares at $6.92. |
| 03/10/2025 | Date of Form 4 filing. |
| 11/06/2027 | Stock options for 26,900 shares at $8.50 become exercisable. |
| 02/22/2028 | Stock options for 56,000 shares at $5.55 become exercisable. |
| 02/20/2029 | Stock options for 97,067 shares at $6.26 become exercisable. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.