Eric van der Valk - 20 Feb 2024 Form 4 Insider Report for Ollie's Bargain Outlet Holdings, Inc. (OLLI)

Role
EVP, COO
Signature
/s/ James J. Comitale as Attorney-In-Fact
Issuer symbol
OLLI
Transactions as of
20 Feb 2024
Transactions value $
-$467,652
Form type
4
Filing time
22 Feb 2024, 16:35:22 UTC
Previous filing
08 Jun 2023
Next filing
26 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLLI Common Stock, par value $0.001 per share Sale -$295,365 -3,687 -57.52% $80.11 2,723 20 Feb 2024 Direct F1, F2
transaction OLLI Common Stock, par value $0.001 per share Options Exercise $199,370 +4,614 +1.69% $43.21 7,337 20 Feb 2024 Direct F1
transaction OLLI Common Stock, par value $0.001 per share Sale -$371,657 -4,614 -62.89% $80.55 2,723 20 Feb 2024 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OLLI Employee Stock Option (right to buy) Options Exercise $0 -4,614 -25% $0 13,843 20 Feb 2024 Common Stock 4,614 $43.21 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transactions made pursuant to an agreement adopted on September 15, 2023, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.00-80.39, inclusive. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.21-80.74, inclusive. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Options vest and become exercisable in 25% installments on each anniversary date of the grant, March 25, 2022, subject to continued service through each applicable vesting date. The reporting person was granted 18,457 options, of which 4,614 of the options vested on March 25, 2023; 4,615 of the options vest on March 25, 2024; 4,614 of the options vest on March 25, 2025; and 4,614 of the options vest on March 25, 2026.