Form 4: Tile Shop Holdings CFO Karla Lunan Sells Shares to Cover Tax Obligations

Karla Lunan, CFO of Tile Shop Holdings, sold shares to cover tax withholding obligations related to vesting restricted stock grants.

Summary

• On March 6, 2024, Karla Lunan, the Chief Financial Officer of Tile Shop Holdings, Inc., disposed of 1,478 shares of common stock at a price of $6.82 per share to satisfy tax withholding obligations.
• On March 7, 2024, Lunan disposed of an additional 1,230 shares at $6.73 per share for the same reason.
• Following these transactions, Lunan beneficially owns 74,436 shares of Tile Shop Holdings, Inc.
• These holdings include restricted stock with vesting schedules extending through 2027, contingent upon continued employment and the achievement of performance targets.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover taxes on vested stock), so the sentiment is neutral.

Future Outlook

The document outlines vesting schedules for restricted stock extending through 2027, contingent upon continued employment and the achievement of performance targets.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The sale of shares by the CFO could have a minor impact on shareholders, but is primarily related to personal tax obligations.

Key Dates