Ollie's Bargain Outlet (OLLI) Form 4 Ollie's Bargain Outlet / Larry Kraus ownership change

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).

1. Name and Address of Reporting Person^*

Kraus Larry

(Last) (First) (Middle)

C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC

6295 ALLENTOWN BLVD., SUITE 1

(Street)

HARRISBURG PA 17112

(City) (State) (Zip)

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, CIO

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2024

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, par value $0.01 per share	06/05/2024		M(1)		2,559	A	$43.21	4,464	D
Common Stock, par value $0.01 per share	06/05/2024		S(1)		2,559	D	$90(2)	1,905	D
Common Stock, par value $0.01 per share	06/05/2024		M(1)		428	A	$31.15	2,333	D
Common Stock, par value $0.01 per share	06/05/2024		S(1)		428	D	$85(2)	1,905	D
Common Stock, par value $0.01 per share	06/05/2024		M(1)		2,752	A	$58.9	4,657	D
Common Stock, par value $0.01 per share	06/05/2024		S(1)		2,752	D	$85.27(3)	1,905	D
Common Stock, par value $0.01 per share	06/05/2024		M(1)		8,090	A	$41.49	9,995	D
Common Stock, par value $0.01 per share	06/05/2024		S(1)		8,090	D	$90(4)	1,905	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
Employee Stock Option (right to buy)	$43.21	06/05/2024		M(1)			2,559	(5)	03/25/2032	Common Stock	2,559	$0	7,677	D
Employee Stock Option (right to buy)	$31.15	06/05/2024		M(1)			428	(6)	02/06/2027	Common Stock	428	$0	0	D
Employee Stock Option (right to buy)	$58.9	06/05/2024		M(1)			2,752	(7)	03/28/2028	Common Stock	2,752	$0	0	D
Employee Stock Option (right to buy)	$41.49	06/05/2024		M(1)			8,090	(8)	03/24/2030	Common Stock	8,090	$0	2,696	D

Explanation of Responses:

1. Transactions made pursuant to an agreement adopted on September 8, 2023, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

2. The price reported in column 4 is the price at which these shares were sold in a single transaction.

3. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.00-85.81, inclusive. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.00-90.05, inclusive. The reporting person undertakes to provide to the Issuer, any securityholder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

5. Options 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 10,236 options, of which 2,559 vested on March 25, 2023? 2,559 vested on March 25, 2024? 2,559 vest on March 25, 2025 ; and 2,559 vest on March 25, 2026.

6. Options vest and become exercisable in 25% installments on each anniversary date of the grant, February 6, 2017, subject to continued service through each applicable vesting date. The options vested in their entirety on February 6, 2021.

7. Options vest and become exercisable in 25% installments on each anniversary date of the grant, March 28, 2018, subject to continued service through each applicable vesting date. The options vested in their entirety on March 28, 2022.

8. Options vest and become exercisable in 25% installments on each anniversary date of the grant, March 24, 2020, subject to continued service through each applicable vesting date. The options vested in their entirety on March 24, 2024.

Remarks:

	/s/ James J. Comitale as Attorney-In-Fact	06/07/2024
	** 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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