Craig Demarest - Jul 2, 2025 Form 4 Insider Report for CROWN CRAFTS INC (CRWS)

Signature
/s/ Daniel W. Miller, on behalf of Craig Demarest
Stock symbol
CRWS
Transactions as of
Jul 2, 2025
Transactions value $
-$8,968
Form type
4
Date filed
7/7/2025, 06:00 PM
Previous filing
Mar 25, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Demarest Craig Vice President and CFO PO BOX 1028, GONZALES /s/ Daniel W. Miller, on behalf of Craig Demarest 2025-07-07 0001436705

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRWS Common Stock Tax liability -$8.97K -3.1K -6.42% $2.89 45.3K Jul 2, 2025 Direct F1
transaction CRWS Common Stock Disposed to Issuer $0 -14.4K -31.88% $0.00 30.8K Jul 2, 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Craig Demarest is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This transaction represents the surrender to the Issuer by the Reporting Person of 3,103 shares of common stock to satisfy the tax withholding obligations incurred by the Reporting Person upon the vesting of 10,571 shares of common stock awarded to the Reporting Person on March 26, 2024.
F2 This transaction represents the forfeiture to the Issuer by the Reporting Person of 14,429 shares of common stock awarded to the Reporting Person on March 26, 2024.

Remarks:

In connection with the retirement from all positions that the Reporting Person held with the Issuer, the Compensation Committee of the Board of Directors of the Issuer accelerated the vesting of a portion of the total quantity of 25,000 shares of common stock awarded to the Reporting Person on March 26, 2024, such award originally scheduled to vest in its entirety on March 26, 2027. Pursuant to such acceleration, 10,571 shares of common stock vested effective as of the last day of the Reporting Person's employment with the Issuer on July 2, 2025, such quantity of shares of common stock vested calculated as the product of (i) 25,000, multiplied by (ii) a fraction, the numerator of which is the number of calendar days that the Reporting Person was employed by the Issuer from March 26, 2024 through July 2, 2025 and the denominator of which is the number of calendar days in the original vesting period of March 26, 2024 through March 26, 2027. The remaining unvested portion of the award, consisting of 14,429 shares of common stock and calculated as the difference between the 25,000 shares of common stock originally awarded to the Reporting Person on March 26, 2024 and the 10,571 shares of common stock from such award that vested on the last day of the Reporting Person's employment with the Issuer on July 2, 2025, were forfeited to the Issuer.