EDWARD E. WILLIAMS - 02 Mar 2023 Form 4 Insider Report for ESCALADE INC (ESCA)

Role: Director
Signature: /s/ EDWARD E. WILLIAMS
Issuer symbol: ESCA
Transactions as of: 02 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 06 Mar 2023, 16:10:31 UTC
Previous filing: 07 Mar 2022
Next filing: 12 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESCA	Common Stock	Options Exercise		+2,500	+1.7%		146,485	02 Mar 2023	Direct	F1
transaction	ESCA	Common Stock	Options Exercise		+1,667	+1.1%		148,152	04 Mar 2023	Direct	F1
holding	ESCA	Common Stock						289,487	02 Mar 2023	By KPW Family Limited Partnership	F2

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	ESCA	Restricted Stock Units	Options Exercise	$0	-2,500	-50%	$0.000000	2,500	02 Mar 2023	Common Stock	2,500		Direct	F1, F3, F4
transaction	ESCA	Restricted Stock Units	Options Exercise	$0	-1,667	-100%	$0.000000^*	0	04 Mar 2023	Common Stock	1,667		Direct	F1, F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.
F2	The reporting person is a general partner of KPW Family Limited Partnership.
F3	Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).
F4	On March 2, 2022, the reporting person was granted 5,000 RSUs pursuant to the Escalade 2017 Plan, of which 2,500 RSUs vested and settled on March 2, 2023, as reported on this Form 4. The remaining 2,500 RSUs will vest on March 2, 2024, provided that the reporting person remains a director of Escalade. All RSUs settle in shares of ESCA common stock.
F5	On March 4, 2021, the reporting person was granted 3,333 RSUs pursuant to the Escalade 2017 Plan, of which 1,666 RSUs vested and settled on March 4, 2022, as previously reported. The remaining 1,667 RSUs vested on March 4, 2023 and settled on March 6, 2023, as reported on this Form 4. All RSUs settle in shares of ESCA common stock.