Form 4: Tile Shop Holdings Director Boosts Stake with Restricted Stock Grant

Peter J. Jacullo III, a Director and 10% owner of Tile Shop Holdings, Inc. (TTSH), acquired 16,875 shares of restricted common stock at $5.926 per share.

Summary

• Peter J. Jacullo III, a Director and 10% owner of Tile Shop Holdings, Inc. (TTSH), acquired 16,875 shares of common stock on June 3, 2025.
• The shares were acquired at a price of $5.926 per share.
• This acquisition represents a grant of restricted stock under the Company's 2021 Omnibus Equity Compensation Plan.
• The restricted shares are subject to a risk of forfeiture until the earlier of the Company's next annual meeting of stockholders or June 3, 2026.
• Following this transaction, Peter J. Jacullo III directly beneficially owns 547,038 shares of common stock.
• Additionally, he indirectly beneficially owns 3,191,180 shares through JWTS, Inc., where he is the sole director, and 4,706,489 shares through the Katherine D. Jacullo Children's 1993 Irrevocable Trust, where he is a co-trustee.

Sentiment

Score: 7

Explanation: The sentiment is positive as it indicates an insider (Director and 10% owner) increasing their stake in the company, even if through a restricted stock grant. This generally signals confidence in the company's future prospects and aligns management's interests with shareholders.

Positives

• The acquisition of restricted stock by a director aligns management's interests with those of shareholders, indicating confidence in the company's future performance.
• The director, Peter J. Jacullo III, is also a 10% owner, further solidifying his vested interest in the company's success.

Risks

• The 16,875 shares of common stock acquired are restricted and subject to a risk of forfeiture until the earlier of the Company's next annual meeting of stockholders or June 3, 2026.

Future Outlook

This Form 4 filing does not provide specific forward-looking statements or guidance regarding the company's future financial performance or strategic direction. It primarily reports an insider transaction.

Industry Context

This filing is a routine insider transaction report (Form 4) and does not provide broader industry context. It reflects an individual director's equity compensation and ownership stake within the home improvement retail sector, specifically in tile and stone products.

Corporate Governance

Related Party Transactions

• Peter J. Jacullo III indirectly beneficially owns 3,191,180 shares through JWTS, Inc., where he is the sole director.
• Peter J. Jacullo III indirectly beneficially owns 4,706,489 shares through the Katherine D. Jacullo Children's 1993 Irrevocable Trust, where he is a co-trustee.
• The reporting person disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest therein.

Stakeholder Impact

• Shareholders: The increase in director ownership, even through a restricted grant, can be viewed positively as it aligns the director's financial interests with the company's performance, potentially leading to more shareholder-friendly decisions.

Next Steps

• The restricted shares granted to Peter J. Jacullo III will vest upon the earlier of the Company's next annual meeting of stockholders or June 3, 2026, at which point the risk of forfeiture will be removed.

Key Dates

Recommendation

Keywords

Tile Shop Holdings, TTSH, SEC Form 4, Insider Trading, Stock Acquisition, Restricted Stock, Director Compensation, Equity Plan, Peter J. Jacullo III, Beneficial Ownership