[Form 4] Escalade Inc Insider Trading Activity

Rhea-AI Filing Summary

Escalade Inc. (ESCA) Form 4: Director Walter P. Glazer Jr. reported transactions dated 08/14/2025 that moved company common stock at $0 per share (Transaction Code G). The reporting lines show gifts of 140,000 and 44,000 shares, each recorded as disposed (D) from direct ownership and simultaneously acquired (A) as indirect ownership by a trust for the benefit of the reporting person’s son, for which the spouse is trustee. The filing also discloses 8,500 shares held indirectly by the spouse. The signature date is 08/18/2025.

Positive

• Transactions are disclosed and Form 4 is properly signed, indicating compliance with Section 16 reporting requirements
• Transfers were to a family trust, showing a change in ownership form rather than an open-market sale

Negative

• Director reduced direct beneficial ownership by 184,000 shares (140,000 + 44,000) via gifts, which may materially change direct holdings reported
• Filing contains no explanatory detail beyond the trust description, so purpose and timing context are limited

Insights

Financial Analyst

TL;DR: Director transferred a material number of shares into a family trust via gifts; ownership form shifted from direct to indirect, not a public sale.

The Form 4 shows two gift transactions (Code G) on 08/14/2025 moving 140,000 and 44,000 common shares to a trust for the reporting person’s son, recorded at $0 per share. On a net basis, the director reduced direct beneficial ownership and increased indirect ownership through the trust; 8,500 shares are disclosed as held by the spouse. These are non-cash, intra-family transfers and the filing contains no cash proceeds or derivative activity.

Corporate Governance Expert

TL;DR: Routine insider gift transfers to a family trust; changes in beneficial ownership are administrative rather than market-driven.

The filing documents Code G transactions indicating gifts to a trust for the reporting person’s son with the spouse as trustee. The disclosures properly reflect conversion of direct holdings to indirect holdings and list spouse-held shares. There is no indication of sales, option exercises, or other derivative actions. The form is signed and dated, fulfilling Section 16 reporting requirements.

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
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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^*

Glazer Walter P. Jr.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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
Common Stock	08/14/2025		G		140,000	D	$0	386,428	D
Common Stock	08/14/2025		G		140,000	A	$0	140,000	I	By Trust(1)
Common Stock	08/14/2025		G		44,000	D	$0	342,428	D
Common Stock	08/14/2025		G		44,000	A	$0	44,000	I	By Trust(1)
Common Stock								8,500	I	Shares held by spouse

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. Trust for the benefit of the respondent's son for which the respondent's spouse is the trustee

	/s/ /s/ WALTER P. GLAZER, JR.	08/18/2025
	** 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

What transactions did Walter P. Glazer Jr. report on the ESCA Form 4?

He reported gift (Code G) transactions on 08/14/2025 transferring 140,000 and 44,000 common shares to a trust for his son, recorded at $0 per share.

How did these transactions change Glazer’s ownership in Escalade (ESCA)?

The filing shows a reduction in direct beneficial ownership and corresponding indirect ownership held by a trust; 8,500 shares are also held indirectly by the spouse.

Was any cash received from these transactions?

No cash was received; the price for the reported transactions is $0 per share, indicating gifts.

Who is the trustee of the trust receiving the shares?

The filing states the reporting person’s spouse is the trustee of the trust for the benefit of the respondent’s son.

When was the Form 4 signed and filed?

The form is signed by Walter P. Glazer, Jr. and dated 08/18/2025.