Camping World Holdings, Inc. (NYSE: CWH) CEO Marcus Lemonis Gets $2.25M Stock Bonus

Rhea-AI Filing Summary

Marcus Lemonis, Chief Executive Officer, director and 10% owner of Camping World Holdings, Inc., reported receiving 217,391 shares of Class A common stock on December 12, 2025. These fully vested shares represent his annual incentive bonus for the year ending December 31, 2025, valued at $2.25 million, calculated using the closing share price of $10.35 on that date, bringing his direct holdings to 1,643,959 shares.

On December 15, 2025, 242,943 shares of Class A common stock were disposed of through share withholding. This reflects 157,400 shares withheld in connection with the vesting of 400,000 RSUs and 85,543 shares withheld in connection with the share-settled bonus, reducing Lemonis’s directly owned stake to 1,401,016 shares.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

LEMONIS MARCUS

(Last) (First) (Middle)

C/O CAMPING WORLD HOLDINGS, INC.

2 MARRIOTT DRIVE

(Street)

LINCOLNSHIRE IL 60069

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Camping World Holdings, Inc. [ CWH ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	12/12/2025		A		217,391(1)	A	$0	1,643,959	D
Class A Common Stock	12/15/2025		F		242,943(2)	D	$10	1,401,016	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a grant of Camping's World Holding, Inc.'s (the "Issuer's") Class A Common Stock ("Class A Common Stock") under the second amended and restated employment agreement with the Reporting Person (the "Lemonis Employment Agreement"). Pursuant to the Lemonis Employment Agreement, the Reporting Person received an annual incentive bonus for the year ending December 31, 2025, in the amount of 150% of his annual base salary, or $2.25 million, payable in the form of fully vested shares. The reported share amount was calculated using the closing price of the Issuer's Class A Common Stock on December 12, 2025 of $10.35.

2. Reflects 157,400 shares of Class A Common Stock withheld in connection with the vesting of 400,000 RSUs and 85,543 shares of Class A Common Stock withheld in connection with the share-settled bonus for the year ending December 31, 2025 as described in footnote 1.

	/s/ Lindsey Christen, Attorney-in-Fact for Marcus Lemonis	12/16/2025
	** 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 4 (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

Who reported the latest insider stock transactions for Camping World (CWH)?

The reporting person is Marcus Lemonis, who serves as Chief Executive Officer, a director, and a 10% owner of Camping World Holdings, Inc..

How many Camping World (CWH) shares did Marcus Lemonis receive as his 2025 incentive bonus?

Marcus Lemonis received 217,391 fully vested shares of Camping World Class A common stock as his annual incentive bonus for the year ending December 31, 2025, valued at $2.25 million.

What share price was used to calculate Marcus Lemonis’s Camping World stock bonus?

The bonus share amount was calculated using the $10.35 closing price of Camping World Class A common stock on December 12, 2025.

Why were 242,943 Camping World (CWH) shares withheld from Marcus Lemonis?

The 242,943 shares were withheld in connection with the vesting of 400,000 RSUs and the share-settled bonus for the year ending December 31, 2025, as described in the transaction footnotes.

How many Camping World shares does Marcus Lemonis own after these insider transactions?

Following the reported transactions, Marcus Lemonis directly owns 1,401,016 shares of Camping World Class A common stock.

What roles does Marcus Lemonis hold at Camping World Holdings, Inc. (CWH)?

Marcus Lemonis is a director, the Chief Executive Officer, and a 10% owner of Camping World Holdings, Inc..