Ollie's (OLLI) SVP converts RSUs to stock and surrenders shares for taxes

Rhea-AI Filing Summary

Ollie's Bargain Outlet Holdings senior vice president of merchandising Kevin McLain reported routine equity compensation activity. On March 25, 2026, 1,519 restricted stock units vested and converted into the same number of common shares on a one-for-one basis. To cover tax obligations from this vesting, 670 shares were surrendered back to the company at a fair market value of $91.01 per share, rather than sold in the open market. After these transactions, McLain holds 14,275 common shares directly. Footnotes state that these RSUs were part of a 6,075-unit grant that vested in 25% annual installments and is now fully vested.

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^*

McLain Kevin

(Last) (First) (Middle)

C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC

6295 ALLENTOWN BOULEVARD, SUITE 1

(Street)

HARRISBURG PENNSYLVANIA 17112

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Ollie's Bargain Outlet Holdings, Inc. [ OLLI ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	03/25/2026		M(1)		1,519	A	$0(2)	14,945	D
Common Stock, par value $0.001 per share	03/25/2026		F(3)		670	D	$91.01(4)	14,275	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	(5)	03/25/2026		M(1)			1,519	(6)	(6)	Common Stock	1,519	$0	0	D

Explanation of Responses:

1. Represents the conversion upon vesting of a restricted stock award into common stock ("Common Stock").

2. Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis.

3. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the reporting person and cancelled by the issuer in exchange for the issuer's agreement to pay federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units.

4. The price reported in column 4 is equivalent to the fair market value based on the closing market price as of March 25, 2026.

5. Each of the RSUs represents a contingent right to receive one share of Common Stock at vesting.

6. The RSUs vest and become exercisable in 25% installments on each anniversary date of the grant, March 25, 2022, subject to continued service through each applicable vesting date. The reporting person was granted 6,075 RSUs, and as of March 25, 2026, all of such RSUs are vested in their entirety.

Remarks:

	/s/ James J. Comitale as Attorney-In-Fact	03/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Kevin McLain report for Ollie's (OLLI)?

Kevin McLain reported the vesting of 1,519 restricted stock units that converted into common shares. To satisfy tax obligations from this vesting, 670 shares were relinquished back to the company, leaving him with 14,275 directly held shares after the transactions.

Did the Ollie's (OLLI) insider Form 4 involve an open-market sale?

No, the Form 4 shows no open-market sale. The 670 shares marked as disposed were withheld and cancelled by the company to pay McLain’s federal and state tax withholding obligations arising from the RSU vesting, not sold to public market buyers.

How many Ollie's (OLLI) shares does Kevin McLain hold after this Form 4?

Following the RSU vesting and tax-share withholding, Kevin McLain directly holds 14,275 shares of Ollie’s common stock. This reflects his equity position after converting 1,519 RSUs and surrendering 670 shares back to the issuer for tax payments.

What was the fair market value used for tax withholding in the Ollie's (OLLI) Form 4?

The tax withholding transaction used a price of $91.01 per share, equal to the closing market price on March 25, 2026. This value determined the number of shares, 670, relinquished by McLain to cover his RSU-related tax obligations.

What were the vesting terms of Kevin McLain’s RSUs at Ollie's (OLLI)?

McLain’s 6,075 restricted stock units vested in 25% installments on each anniversary of the March 25, 2022 grant date. Footnotes state that as of March 25, 2026, all of these RSUs are fully vested and convert to common stock on a one-for-one basis.

Are the RSUs in the Ollie's (OLLI) Form 4 settled in shares or cash?

The RSUs are settled in common stock, not cash. Footnotes specify each restricted stock unit represents a contingent right to receive one share of Ollie’s common stock upon vesting, leading to 1,519 shares being issued as a result of this vesting event.