Nantahala discloses 5.26M shares (8.28%) in Camping World

CAMPING WORLD HOLDINGS, INC.

Rhea-AI Filing Summary

CAMPING WORLD HOLDINGS, INC. Schedule 13G reports that Nantahala Capital Management, LLC (and its managing members Wilmot B. Harkey and Daniel Mack) may be deemed beneficial owners of 5,259,274 shares of Class A Common Stock, representing 8.28% of the class, as of March 31, 2026. The filing states the Reporting Persons have no sole voting or dispositive power and hold these shares through shared voting and shared dispositive power. The Schedule is signed on May 15, 2026.

Insights

Institutional Ownership Specialist

Large passive stake disclosed: 5,259,274 shares (8.28%) as of March 31, 2026.

The filing shows Nantahala Capital Management, LLC and two managing members are reported as beneficial owners of 5,259,274 shares with shared voting and dispositive power. The ownership is reported under Schedule 13G, indicating an investment-adviser reporting posture rather than an activist intent in this excerpt.

Cash-flow treatment and any plans for disposition are not stated in the excerpt; subsequent filings would disclose any changes in voting or sale activity. The signature date is May 15, 2026.

Corporate Governance Analyst

Control indicators: shared voting/dispositive power, no sole power reported.

The Schedule lists 0 shares of sole voting power and 5,259,274 shares of shared voting and shared dispositive power for each Reporting Person. This attribution arises because Nantahala manages funds/accounts that hold the shares and the two individuals are the managing members.

Because the filing uses Schedule 13G and cites an investment-adviser classification, the disclosure is consistent with passive or investment-adviser reporting; any change in intent or increased activism would typically trigger a different filing type.

Key Figures

Beneficial ownership: 5,259,274 shares Percent of class: 8.28% Sole voting power: 0 Shares +4 more

7 metrics

Beneficial ownership 5,259,274 shares As of March 31, 2026

Percent of class 8.28% As of March 31, 2026

Sole voting power 0 Shares Item 4(c)(i) reported for each Reporting Person

Shared voting power 5,259,274 Shares Item 4(c)(ii) reported for each Reporting Person

Sole dispositive power 0 Shares Item 4(c)(iii) reported for each Reporting Person

Shared dispositive power 5,259,274 Shares Item 4(c)(iv) reported for each Reporting Person

Signature date May 15, 2026 Signing of Schedule 13G

Key Terms

Schedule 13G, beneficial owner, shared dispositive power

3 terms

Schedule 13G regulatory

"Item 2. | (a) | Name of person filing: Nantahala Capital Management, LLC"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficial owner financial

"Item 4. | Ownership (a) | Amount beneficially owned: As of March 31, 2026"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

shared dispositive power regulatory

"Item 4(c)(iv) | Shared power to dispose or to direct the disposition of: 5,259,274 Shares"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Nantahala Capital report in CWH?

Nantahala reports beneficial ownership of 5,259,274 shares, equal to 8.28% of Class A Common Stock as of March 31, 2026. This percentage is the amount disclosed in the Schedule 13G ownership section.

Do the Reporting Persons have sole voting control over the shares?

No. The Schedule states each Reporting Person has 0 shares of sole voting power and reports 5,259,274 shares of shared voting power, per the Item 4 voting-power breakdown.

Why are Wilmot Harkey and Daniel Mack listed on the filing?

They are listed because, as managing members of Nantahala, they may be deemed beneficial owners of the shares held by funds and accounts under Nantahala's control, per Item 2 and Item 4(a).

What date does the ownership figure refer to in the Schedule 13G?

The ownership number and percentage are stated as of March 31, 2026 in Item 4(a) and Item 4(b) of the Schedule 13G, which is the time anchor for the disclosed holdings.

When was the Schedule 13G signed and filed by the Reporting Persons?

The signatures for the Schedule 13G are dated May 15, 2026, as shown by the signed blocks for the Chief Compliance Officer and the two reporting individuals.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 04:42 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

CAMPING WORLD HOLDINGS, INC.

(Name of Issuer)

Class A Common Stock, $0.01 par value per share

(Title of Class of Securities)

13462K109

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 13462K109

1

Names of Reporting Persons

Nantahala Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,259,274.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,259,274.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,259,274.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.28 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 13462K109

1

Names of Reporting Persons

Wilmot B. Harkey

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,259,274.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,259,274.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,259,274.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.28 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP Number(s): 13462K109

1

Names of Reporting Persons

Daniel Mack

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,259,274.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,259,274.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,259,274.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.28 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CAMPING WORLD HOLDINGS, INC.
(b)	Address of issuer's principal executive offices: 2 MARRIOTT DRIVE LINCOLNSHIRE, ILLINOIS, 60069
Item 2.
(a)	Name of person filing: (1) Nantahala Capital Management, LLC ("Nantahala") (2) Wilmot B. Harkey (3) Daniel Mack (together the "Reporting Persons")
(b)	Address or principal business office or, if none, residence: 130 Main St. 2nd Floor, New Canaan, Connecticut 06840
(c)	Citizenship: (1) Nantahala is a Massachusetts limited liability company. (2) Each of Messrs. Harkey and Mack is a citizen of the United States of America.
(d)	Title of class of securities: Class A Common Stock, $0.01 par value per share
(e)	CUSIP Number(s): 13462K109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: As of March 31, 2026, Nantahala may be deemed to be the beneficial owner of 5,259,274 Shares held by funds and separately managed accounts under its control, and as the managing members of Nantahala, each of Messrs. Harkey and Mack may be deemed to be a beneficial owner of those Shares.
(b)	Percent of class: As of March 31, 2026, each of the Reporting Persons may be deemed to be the beneficial owner of the following percentage of the total number of Shares outstanding: (1) Nantahala Capital Management, LLC ("Nantahala") : 8.28% (2) Wilmot B. Harkey: 8.28% (3) Daniel Mack: 8.28%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: (1) Nantahala Capital Management, LLC ("Nantahala") : 0 Shares. (2) Wilmot B. Harkey: 0 Shares. (3) Daniel Mack: 0 Shares.
	(ii) Shared power to vote or to direct the vote: (1) Nantahala Capital Management, LLC ("Nantahala") : 5,259,274 Shares. (2) Wilmot B. Harkey: 5,259,274 Shares. (3) Daniel Mack: 5,259,274 Shares.
	(iii) Sole power to dispose or to direct the disposition of: (1) Nantahala Capital Management, LLC ("Nantahala") : 0 Shares. (2) Wilmot B. Harkey: 0 Shares. (3) Daniel Mack: 0 Shares.
	(iv) Shared power to dispose or to direct the disposition of: (1) Nantahala Capital Management, LLC ("Nantahala") : 5,259,274 Shares. (2) Wilmot B. Harkey: 5,259,274 Shares. (3) Daniel Mack: 5,259,274 Shares.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Each of Messrs. Harkey and Mack is filing this Schedule 13G as a control person in respect of shares beneficially owned by Nantahala, an investment adviser as described in ss. 240.13d-1(b)(1)(ii)(E). See Item 4(a).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Nantahala Capital Management, LLC

Signature:	/s/ Taki Vasilakis
Name/Title:	Taki Vasilakis / Chief Compliance Officer
Date:	05/15/2026

Wilmot B. Harkey

Signature:	/s/ Wilmot B. Harkey
Name/Title:	Wilmot B. Harkey
Date:	05/15/2026

Daniel Mack

Signature:	/s/ Daniel Mack
Name/Title:	Daniel Mack
Date:	05/15/2026