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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 3/26/24 |
Issuer: |
| Issuer CIK: 1552800 |
| Issuer Name: TILE SHOP HOLDINGS, INC. |
| Issuer Trading Symbol: TTSH |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1959730 |
| | Owner Name: Fund 1 Investments, LLC |
| Reporting Owner Address: |
| | Owner Street 1: 100 CARR 115 |
| | Owner Street 2: UNIT 1900 |
| | Owner City: RINCON |
| | Owner State: PR |
| | Owner ZIP Code: 00677 |
| | Owner State Description: PUERTO RICO |
| Reporting Owner Relationship: |
| | Is Ten Percent Owner? Yes |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1580144 |
| | Owner Name: Pleasant Lake Partners LLC |
| Reporting Owner Address: |
| | Owner Street 1: 100 CARR 115 UNIT 1900 |
| | Owner Street 2: |
| | Owner City: RINCON |
| | Owner State: PR |
| | Owner ZIP Code: 00677 |
| | Owner State Description: PUERTO RICO |
| Reporting Owner Relationship: |
| | Is Ten Percent Owner? Yes |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1567434 |
| | Owner Name: Pleasant Lake Onshore Feeder Fund LP |
| Reporting Owner Address: |
| | Owner Street 1: 100 CARR 115 UNIT 1900 |
| | Owner Street 2: |
| | Owner City: RINCON |
| | Owner State: PR |
| | Owner ZIP Code: 00677 |
| | Owner State Description: PUERTO RICO |
| Reporting Owner Relationship: |
| | Is Ten Percent Owner? Yes |
Aff 10b5 One? No |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/26/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: P |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 20,000 |
| | | Transaction Price Per Share: |
| Value: 6.9569 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 5,433,115 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See Footnotes |
| Footnote ID: F1 |
| Footnote ID: F2 |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/28/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: P |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 30,493 |
| | | Transaction Price Per Share: |
| Value: 6.9964 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 5,463,608 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See Footnotes |
| Footnote ID: F1 |
| Footnote ID: F2 |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/28/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: P |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 168,500 |
| | | Transaction Price Per Share: |
| Value: 7.0342 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 5,632,108 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See Footnotes |
| Footnote ID: F1 |
| Footnote ID: F2 |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: Common Stock |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,002,207 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: See Footnotes |
| Footnote ID: F1 |
| Footnote ID: F3 |
Footnotes: |
| Footnote - F1: Shares reported herein are held for the benefit of Pleasant Lake Onshore Feeder Fund, LP (the "PL Fund") and an additional private investment vehicle for which Pleasant Lake Partners LLC ("PLP") serves as investment adviser. Fund 1 Investments, LLC serves as managing member of PLP. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein. |
| Footnote - F2: Shares held for the account of the PL Fund. |
| Footnote - F3: Shares held for the account of an unaffiliated private fund for which PLP serves as investment adviser. |
Owner Signature: |
| Signature Name: /s/ Fund 1 Investments, LLC by: Benjamin C. Cable, Chief Operating Officer |
| Signature Date: 3/28/24 |
Owner Signature: |
| Signature Name: /s/ Pleasant Lake Partners LLC by: Fund 1 Investments, LLC, its Managing Member, by Benjamin C. Cable, Chief Operating Officer |
| Signature Date: 3/28/24 |
Owner Signature: |
| Signature Name: /s/ Pleasant Lake Onshore Feeder Fund, LP, by Pleasant Lake Partners LLC, its Investment Adviser, by Fund 1 Investments, LLC, its Managing Member, by Benjamin C. Cable, Chief Operating Officer |
| Signature Date: 3/28/24 |