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

Peter Kamin, a Director at Tile Shop Holdings, Inc. (TTSH), acquired 32,063 shares of common stock through a restricted stock grant, increasing his direct beneficial ownership.

Summary

• Peter Kamin, a Director of Tile Shop Holdings, Inc. (TTSH), acquired 32,063 shares of common stock on June 3, 2025.
• The acquisition was a grant of restricted stock under the Company's 2021 Omnibus Equity Compensation Plan.
• The shares are subject to a risk of forfeiture until the earlier of the Company's next annual meeting of stockholders or June 3, 2026.
• The reported price per share for this grant was $5.926.
• Following this transaction, Peter Kamin directly beneficially owns 3,508,447 shares of common stock.
• Additionally, Mr. Kamin indirectly beneficially owns 3,508,012 shares through various entities, including the Peter H. Kamin Revocable Trust (1,695,320 shares), Peter H. Kamin Childrens Trust (1,033,733 shares), 3K Limited Partnership (333,495 shares), Peter H. Kamin Family Foundation (117,453 shares), and Peter H. Kamin GST Trust (328,711 shares).
• Mr. Kamin disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it represents a director receiving equity compensation, aligning their interests with shareholders. This is a routine event and not indicative of extraordinary news, hence not a 'strong buy' signal on its own.

Positives

• A director's acquisition of shares, even through a grant, aligns management's interests with those of shareholders, potentially signaling confidence in the company's future.
• The grant is part of an established equity compensation plan, indicating a structured approach to executive and director incentives.

Risks

• The newly acquired 32,063 shares of restricted stock are subject to a risk of forfeiture until the earlier of the Company's next annual meeting of stockholders or June 3, 2026.

Future Outlook

The document indicates a future date of June 3, 2026, or the Company's next annual meeting, as the expiration of the forfeiture period for the restricted stock grant, which is a standard condition for such equity compensation.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide broader industry context or trends. It reflects an individual director's equity compensation and ownership stake within Tile Shop Holdings, Inc.

Corporate Governance

Related Party Transactions

• Peter Kamin's indirect beneficial ownership is held through various trusts and a limited partnership (Peter H. Kamin Revocable Trust, Peter H. Kamin Childrens Trust, 3K Limited Partnership, Peter H. Kamin Family Foundation, Peter H. Kamin GST Trust), which are considered related parties. Mr. Kamin disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director can be seen as a positive for shareholders as it further aligns the director's financial interests with the company's performance and long-term value creation.

Next Steps

• The Company's next annual meeting of stockholders will be a key event for the vesting of the restricted stock, if it occurs before June 3, 2026.

Key Dates

Keywords

Tile Shop Holdings, TTSH, Peter Kamin, Director, Restricted Stock, Equity Compensation, Insider Transaction, SEC Form 4, Beneficial Ownership, Stock Grant