Escalade (ESCA) CFO gains 2,000 shares through RSU vesting and conversion

Rhea-AI Filing Summary

Escalade Inc.’s chief financial officer, Stephen Wawrin, reported the vesting and conversion of restricted stock units into common shares. On March 11, 2026, 2,000 RSUs converted into 2,000 shares of common stock at no cost, increasing his direct holdings to 45,777 common shares.

The RSUs come from a March 11, 2025 grant of 6,000 units under the Escalade 2017 Incentive Plan. Of that grant, 2,000 RSUs vested on March 11, 2026, with an additional 2,000 scheduled to vest on March 11, 2027 and 2,000 on March 11, 2028, contingent on his continued service with Escalade.

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

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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^*

Wawrin Stephen

(Last) (First) (Middle)

817 MAXWELL AVENUE

(Street)

EVANSVILLE IN 47711

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ESCALADE INC [ ESCA ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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
Common Stock	03/11/2026		M		2,000	A	(1)	45,777	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
Restricted Stock Units	(2)(3)	03/11/2026		M			2,000	(4)	03/11/2028	Common Stock	2,000	$0	4,000	D

Explanation of Responses:

1. Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.

2. Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.

3. Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).

4. On March 11, 2025, the reporting person was granted 6,000 RSUs pursuant to the Escalade 2017 Plan, of which 2,000 RSUs vested on March 11, 2026. An additional 2,000 RSUs will vest on March 11, 2027 and 2,000 RSUs will vest on March 11, 2028, provided that the reporting person remains an employee, director or consultant of Escalade.

	/s/ Stephen Wawrin	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Escalade (ESCA) disclose in Stephen Wawrin’s latest Form 4?

Escalade reported that CFO Stephen Wawrin had 2,000 restricted stock units vest and convert into 2,000 common shares. The transaction was an option-like RSU conversion at no cost under the Escalade 2017 Incentive Plan, increasing his directly held common stock.

How many Escalade shares did the CFO acquire in this Form 4 filing?

The CFO acquired 2,000 shares of Escalade common stock through the conversion of 2,000 restricted stock units. These RSUs vested on March 11, 2026 at a conversion price of $0.00 per share, reflecting a compensation-related equity award rather than an open-market purchase.

What are Stephen Wawrin’s Escalade share holdings after the reported RSU vesting?

After the RSU vesting and conversion, Stephen Wawrin directly holds 45,777 shares of Escalade common stock. This figure reflects his position following the March 11, 2026 transaction, as reported in the Form 4, and does not include unvested restricted stock units from the same grant.

What is the vesting schedule of the CFO’s 6,000 Escalade RSUs?

The CFO was granted 6,000 RSUs on March 11, 2025. Of these, 2,000 vested on March 11, 2026, while another 2,000 are scheduled to vest on March 11, 2027 and 2,000 on March 11, 2028, assuming he continues his service with Escalade.

Were the Escalade CFO’s reported transactions open-market buys or compensation vesting?

The transactions were compensation-related vesting events, not open-market purchases. They involve the exercise and conversion of 2,000 restricted stock units into 2,000 common shares at a price of $0.00 per share under Escalade’s 2017 Incentive Plan for equity awards.

Under which plan were Stephen Wawrin’s Escalade RSUs granted?

Stephen Wawrin’s restricted stock units were granted under the Escalade, Incorporated 2017 Incentive Plan. Each RSU represents a right to receive one share of Escalade common stock, aligning executive compensation with the company’s equity performance over the vesting period.