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Camping World (NYSE: CWH) director’s 20,325 RSU grant tied to Crestview

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Camping World Holdings, Inc. reported an insider equity award involving entities affiliated with director Brian P. Cassidy and Crestview. An award of restricted stock units relating to 20,325 Class A shares was granted to Cassidy under the 2016 Incentive Award Plan, with all rights in the RSUs assigned to Crestview Advisors, L.L.C.

The RSUs are scheduled to vest on May 21, 2027, subject to plan and award terms. After this award, affiliated entities indirectly reflect 1,951,221 Class A shares, including 1,873,626 Class A shares held by CVRV Acquisition II LLC and 57,270 Class A shares linked to RSUs or held by Crestview Advisors. Separately, CVRV Acquisition LLC directly beneficially owns 6,882,264 Class B shares. The Crestview entities may be deemed to share voting and dispositive power over these holdings, while each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider Crestview Partners II GP, L.P., Crestview Advisors, L.L.C., Cassidy Brian P
Role null | null | null
Type Security Shares Price Value
Grant/Award Class A Common Stock 20,325 $0.00 --
holding Class B Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 1,951,221 shares (Indirect, See Footnotes); Class B Common Stock — 6,882,264 shares (Indirect, See Footnotes)
Footnotes (1)
  1. Represents an award of restricted stock units ("RSUs") relating to 20,325 shares of Class A Common Stock of the Issuer ("Class A Shares") granted to Brian P. Cassidy and under the Issuer's 2016 Incentive Award Plan (the "Plan"). Mr. Cassidy has assigned all rights, title and interest in the RSUs reported herein to Crestview Advisors, L.L.C. The RSUs are scheduled to vest on May 21, 2027, subject to the terms of the Plan and the applicable award agreement issued thereunder. Following the last transaction reported on this Form 4, reflects (i) 1,873,626 Class A Shares directly owned by CVRV Acquisition II LLC and (ii) 57,270 Class A Shares (a) underlying awards of restricted stock units ("RSUs") reported herein or previously granted to Brian P. Cassidy under the Issuer's 2016 Incentive Award Plan (the "Plan") (Mr. Cassidy has assigned all rights, title and interest in the Class A Shares underlying such RSUs to Crestview Advisors, L.L.C.) or (b) held by Crestview Advisors, L.L.C that were delivered upon the vesting of RSUs previously granted under the Plan. Represents shares of Class B Common Stock of the Issuer ("Class B Shares") directly beneficially owned by CVRV Acquisition LLC. Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares directly held by CVRV Acquisition II LLC and the Class B Shares and Common LLC Units directly held by CVRV Acquisition LLC. Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Units held by CVRV Acquisition II LLC and CVRV Acquisition LLC, which decisions are made by the investment committee of Crestview Partners II GP, L.P. and the chairman of the investment committee. Mr. Cassidy is a member of the Issuer's board of directors, and is a Partner of each of Crestview, L.L.C. (which is the general partner of Crestview Partners II GP, L.P.) and Crestview Advisors, L.L.C. (which provides investment advisory and management services to certain of the Crestview entities). Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. The EDGAR filing codes for CVRV Acquisition LLC and CVRV Acquisition II LLC were not available at the time of this required filing, and the Reporting Persons intend to amend this Form 4 to include such Reporting Persons in the filing when such codes are available.
RSU grant size 20,325 shares Restricted stock units relating to Class A Common Stock
RSU vesting date May 21, 2027 Scheduled vesting date under 2016 Incentive Award Plan
Class A shares after transaction 1,951,221 shares Indirect Class A Common Stock reflected after reported award
Class A shares held by CVRV Acquisition II LLC 1,873,626 shares Directly owned by CVRV Acquisition II LLC
Additional Class A shares via RSUs/Crestview Advisors 57,270 shares Underlying RSUs or delivered upon prior vesting, linked to Cassidy/Crestview Advisors
Class B shares held by CVRV Acquisition LLC 6,882,264 shares Direct beneficial ownership of Class B Common Stock
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs") relating to 20,325 shares of Class A Common Stock..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2016 Incentive Award Plan financial
"granted to Brian P. Cassidy and under the Issuer's 2016 Incentive Award Plan (the "Plan")."
beneficial ownership financial
"Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
voting and dispositive power financial
"Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Units..."
pecuniary interest financial
"Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Crestview Partners II GP, L.P.
(Last)(First)(Middle)
C/O CRESTVIEW PARTNERS
590 MADISON AVENUE, 42ND FLOOR
(Street)
NEW YORK NEW YORK 10022
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Camping World Holdings, Inc. [ CWH ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Class A Common Stock05/21/2026A20,325(1)(2)A$01,951,221ISee Footnotes(3)(5)(6)(7)(8)
Class B Common Stock6,882,264ISee Footnotes(4)(5)(6)(7)(8)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
Crestview Partners II GP, L.P.
(Last)(First)(Middle)
C/O CRESTVIEW PARTNERS
590 MADISON AVENUE, 42ND FLOOR
(Street)
NEW YORK NEW YORK 10022
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Crestview Advisors, L.L.C.
(Last)(First)(Middle)
C/O CRESTVIEW PARTNERS
590 MADISON AVENUE, 42ND FLOOR
(Street)
NEW YORK NEW YORK 10022
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
Cassidy Brian P
(Last)(First)(Middle)
C/O CRESTVIEW ADVISORS, L.L.C.
590 MADISON AVENUE, 42ND FLOOR
(Street)
NEW YORK NEW YORK 10022
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
XDirector10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. Represents an award of restricted stock units ("RSUs") relating to 20,325 shares of Class A Common Stock of the Issuer ("Class A Shares") granted to Brian P. Cassidy and under the Issuer's 2016 Incentive Award Plan (the "Plan"). Mr. Cassidy has assigned all rights, title and interest in the RSUs reported herein to Crestview Advisors, L.L.C.
2. The RSUs are scheduled to vest on May 21, 2027, subject to the terms of the Plan and the applicable award agreement issued thereunder.
3. Following the last transaction reported on this Form 4, reflects (i) 1,873,626 Class A Shares directly owned by CVRV Acquisition II LLC and (ii) 57,270 Class A Shares (a) underlying awards of restricted stock units ("RSUs") reported herein or previously granted to Brian P. Cassidy under the Issuer's 2016 Incentive Award Plan (the "Plan") (Mr. Cassidy has assigned all rights, title and interest in the Class A Shares underlying such RSUs to Crestview Advisors, L.L.C.) or (b) held by Crestview Advisors, L.L.C that were delivered upon the vesting of RSUs previously granted under the Plan.
4. Represents shares of Class B Common Stock of the Issuer ("Class B Shares") directly beneficially owned by CVRV Acquisition LLC.
5. Crestview Partners II GP, L.P. may be deemed to have beneficial ownership of the Class A Shares directly held by CVRV Acquisition II LLC and the Class B Shares and Common LLC Units directly held by CVRV Acquisition LLC. Crestview Partners II GP, L.P. exercises voting and dispositive power over the foregoing Class A Shares, Class B Shares and Units held by CVRV Acquisition II LLC and CVRV Acquisition LLC, which decisions are made by the investment committee of Crestview Partners II GP, L.P. and the chairman of the investment committee.
6. Mr. Cassidy is a member of the Issuer's board of directors, and is a Partner of each of Crestview, L.L.C. (which is the general partner of Crestview Partners II GP, L.P.) and Crestview Advisors, L.L.C. (which provides investment advisory and management services to certain of the Crestview entities).
7. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.
8. The EDGAR filing codes for CVRV Acquisition LLC and CVRV Acquisition II LLC were not available at the time of this required filing, and the Reporting Persons intend to amend this Form 4 to include such Reporting Persons in the filing when such codes are available.
Remarks:
Exhibit 99.1 - Joint Filer Statement
By: Crestview Partners II GP, L.P., By: Crestview, L.L.C., its general partner, By: /s/ Poojitha Mantha, Chief Compliance Officer05/26/2026
By: Brian Cassidy, By: /s/ Poojitha Mantha, Attorney-in-Fact05/26/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider equity award was reported for Camping World (CWH)?

Camping World reported an award of restricted stock units relating to 20,325 Class A shares granted to director Brian P. Cassidy under the 2016 Incentive Award Plan, with all rights assigned to Crestview Advisors, L.L.C., and scheduled to vest in 2027.

When do Brian Cassidy’s Camping World RSUs vest and under what conditions?

The 20,325 restricted stock units are scheduled to vest on May 21, 2027. Vesting remains subject to the terms of Camping World’s 2016 Incentive Award Plan and the specific award agreement governing Cassidy’s grant and assignment to Crestview Advisors, L.L.C.

How many Camping World Class A shares are indirectly reflected after this Form 4?

After the reported transactions, affiliated entities reflect 1,951,221 Class A shares, including 1,873,626 Class A shares held by CVRV Acquisition II LLC and 57,270 Class A shares linked to restricted stock units or held by Crestview Advisors, L.L.C., following prior RSU vestings.

How are Crestview entities involved in Camping World’s reported holdings?

Crestview Partners II GP, L.P. may be deemed to beneficially own Class A and Class B shares held by CVRV Acquisition II LLC and CVRV Acquisition LLC, exercising voting and dispositive power through its investment committee, while each reporting person disclaims beneficial ownership beyond its pecuniary interest.

What does the beneficial ownership disclaimer mean in this Camping World Form 4?

Each reporting person disclaims beneficial ownership of the reported Camping World securities except to the extent of its pecuniary interest. This means they acknowledge economic exposure only where they bear gain or loss, despite possible voting or dispositive power through Crestview-related entities.