[Form 3] Crown Crafts Inc Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Form 3 filing overview: Crown Crafts Inc. (CRWS) disclosed the initial beneficial ownership of its newly appointed Vice President, Chief Financial Officer, Secretary, and principal financial & accounting officer, Claire K. Spencer. The filing, dated 08 July 2025, reports that on 30 June 2025 Spencer became a Section 16 reporting person.

• Shares owned: 15,000 shares of common stock, granted on 16 June 2025 under the 2021 Incentive Plan.
• Vesting schedule: Shares are restricted and will vest on 16 June 2027, subject to continuous employment.
• Ownership form: Direct (D); no derivative securities were reported.
• Governance note: The grant coincides with Spencer’s elevation to CFO, indicating an incentive-alignment structure.

No financial performance data, earnings metrics, or major transactions are included in this filing.

Positive

• Newly appointed CFO holds 15,000 restricted shares, creating measurable alignment with shareholder interests through a long-term vesting schedule.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: New CFO files Form 3, discloses 15k restricted shares; neutral corporate governance event.

This Form 3 primarily serves a compliance purpose, confirming that Claire K. Spencer is now an insider under Section 16. The 15,000 restricted shares represent less than 1% of CRWS’s outstanding equity, so capital structure impact is negligible. However, the time-based vesting to 2027 encourages long-term alignment between the CFO and shareholders, which is broadly viewed as positive governance practice. No options, warrants, or other derivatives were reported, suggesting a straightforward equity package. The event does not alter fundamentals or valuation and should be viewed as non-material from a financial standpoint.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Spencer Claire K.

(Last) (First) (Middle)

PO BOX 1028

(Street)

GONZALES LA 70707-1028

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/30/2025

3. Issuer Name and Ticker or Trading Symbol
CROWN CRAFTS INC [ CRWS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President and CFO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	15,000(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares of common stock being reported were granted by the Issuer to the Reporting Person on June 16, 2025, the effective date of the appointment of the Reporting Person as a Vice President of the Issuer, such event occurring prior to the event by which the Reporting Person became a Reporting Person of the Issuer. The shares of common stock reported were granted by the Issuer to the Reporting Person pursuant to the Issuer's 2021 Incentive Plan and are subject to restrictions as to continuous employment with the Issuer through vesting, scheduled to occur on June 16, 2027.

Remarks:

The Reporting Person is reporting the number of shares of common stock of the Issuer beneficially owned as of June 30, 2025, the effective date of the appointment of the Reporting Person as the Chief Financial Officer, Secretary and principal financial and accounting officer of the Issuer, such positions combining with the Reporting Person's then-existing position as a Vice President of the Issuer, and such date of June 30, 2025 being the date of the event by which the Reporting Person became a Reporting Person of the Issuer.

	/s/ Claire K. Spencer	07/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Crown Crafts (CRWS) disclose in the Form 3 filing?

The company disclosed that its new CFO, Claire K. Spencer, directly owns 15,000 restricted shares of common stock.

When do the 15,000 shares granted to the CFO vest?

All shares are scheduled to vest on 16 June 2027, contingent on continuous employment.

What positions does Claire K. Spencer hold at Crown Crafts?

She serves as Vice President, Chief Financial Officer, Secretary, and principal financial & accounting officer.

Were any derivative securities reported in this Form 3?

No. The filing lists only direct ownership of common stock; no options or other derivatives were disclosed.

Why was this Form 3 required?

Because Spencer became an officer and insider on 30 June 2025, triggering Section 16 reporting obligations.