EDWARD E. WILLIAMS - 10 May 2025 Form 4 Insider Report for ESCALADE INC (ESCA)

Role: Director
Signature: /s/ EDWARD E. WILLIAMS
Issuer symbol: ESCA
Transactions as of: 10 May 2025
Net transactions value: $0
Form type: 4
Filing time: 12 May 2025, 17:00:26 UTC
Previous filing: 09 May 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Williams Edward E	Director	P.O. BOX 50, CRYSTAL CITY	/s/ EDWARD E. WILLIAMS	12 May 2025	0001289071

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ESCA	Common Stock	Options Exercise		+2,650	+1.7%		158,102	10 May 2025	Direct	F1
holding	ESCA	Common Stock						289,487	10 May 2025	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	-2,650	-100%	$0.000000	0	10 May 2025	Common Stock	2,650		Direct	F1, F3, F4

* 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 one of three partners of the KPW Family Limited Partnership. The reporting person disclaims beneficial ownership interest in these shares, except to the extent of his pecuniary interest therein.
F3	Each Restricted Stock Unit (RSU) represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (the "Plan"). Shares will be delivered to the reporting person upon vesting of the applicable RSUs, unless the reporting person defers receipt.
F4	On May 10, 2023, the reporting person was granted 5,300 RSUs pursuant to the Escalade 2017 Plan, of which 2,650 RSUs vested on May 10, 2025 and settled on May 12, 2025 as reported on this Form 4. As previously reported, the other 2,650 RSUs vested and settled on May 10, 2024.