Form 4: Tile Shop Holdings SVP, Chief Merchant Officer Joseph Kinder Reports Changes in Beneficial Ownership

Joseph Kinder, SVP, Chief Merchant Officer of Tile Shop Holdings, reports acquisition and disposal of common stock and adjustments to restricted stock and stock options.

Summary

• On March 3, 2025, Joseph Kinder, SVP, Chief Merchant Officer of Tile Shop Holdings, acquired 9,028 shares of common stock and 18,055 shares of performance-based restricted stock.
• Also on March 3, 2025, Kinder disposed of some common stock.
• On March 4, 2025, Kinder disposed of 906 shares of common stock at a price of $7.07 to satisfy tax withholding obligations.
• Following these transactions, Kinder directly owns 108,872 shares of common stock and indirectly owns 600 shares through a spouse.
• Kinder also holds options to buy 26,900 shares at $8.50 (exercisable from November 6, 2027) and 50,000 shares at $8.80 (exercisable from July 20, 2028).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions.

Future Outlook

The vesting of performance-based restricted stock is contingent upon the Issuer achieving 10%, 12% and 14% of adjusted pre-tax return on capital employed for each respective year.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company executives as it can provide insights into their confidence in the company's future performance.

Key Dates