Michael Tucci purchases 50,000 SPWH shares; 23,113 RSUs vest monthly
Rhea-AI Filing Summary
Michael D. Tucci, a director of Sportsman's Warehouse Holdings, Inc. (SPWH), reported purchases totaling 50,000 shares of common stock on 10/03/2025 at a weighted-average price of $2.81 per share. After the purchase he beneficially owns 73,113 shares directly, which includes 23,113 restricted stock units that vest in nine monthly installments beginning one month after grant and accelerate on either the 2026 annual meeting or a change in control. The filing was signed by an attorney-in-fact on 10/06/2025. The registrant discloses the purchase price range ($2.72–$2.85) and offers to provide per-trade details on request.
Positive
- Director purchased 50,000 shares at a weighted-average price of $2.81, aligning interests with shareholders
- Restricted stock units of 23,113 shares vest monthly and include acceleration provisions before the 2026 annual meeting
Negative
- Potential near-term dilution from 23,113 RSUs that vest over nine months
- Purchase price range indicates multiple trades between $2.72 and $2.85, which could reflect intraday execution in a low-liquidity market
Insights
Insider buying plus time-based RSUs signals director alignment with shareholders.
The director purchased 50,000 shares at a weighted-average price of $2.81, increasing direct beneficial ownership to 73,113 shares including 23,113 restricted stock units that vest monthly.
This combination of open-market purchases and structured equity grants links compensation to continued service and near-term retention; monitor the 2026 annual meeting vesting trigger and any accelerated-vesting events within 12 months for potential dilution and governance implications.
Director purchases of this size may be modestly supportive of the share price in thinly traded names.
The reported 50,000-share acquisition at prices between $2.72 and $2.85 is a concrete cash commitment; the filer notes a weighted-average price of $2.81.
Watch for subsequent Form 4 filings or scheduled vesting settlements over the next nine months that could supply additional shares to the market or reduce selling pressure depending on whether RSUs are settled in stock or net-settled.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 50,000 | $2.81 | $141K |
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.72 to $2.85, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- F2. Includes 23,113 restricted stock units scheduled to vest in nine substantially equal installments, subject to the Reporting Person's continued service as a director through each vesting date, with the first installment vesting one month following the date of grant and an additional installment vesting on each monthly anniversary of the date of grant thereafter for the next eight months; provided that the outstanding and unvested portion of the award will vest in full immediately prior to (a) the Company's annual meeting of stockholders held in 2026 or (b) a change in control. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
