Glaser Carol 4

What Happened

• Carol Glaser, Chief Merchandising Officer and Executive Vice President of Bob's Discount Furniture (BOBS), exercised options to acquire a total of 35,000 shares: 10,000 on 2026-03-17 and 25,000 on 2026-03-25. Each share was acquired at $2.04, for a combined outlay of $71,400. The filing also shows corresponding derivative disposals at $0, reflecting the surrender/conversion of the options on exercise.

Key Details

• Transaction codes: M (exercise/conversion of derivative instruments).
• Dates and amounts: 2026-03-17 — 10,000 shares @ $2.04 ($20,400); 2026-03-25 — 25,000 shares @ $2.04 ($51,000).
• Disposals: Matching entries show the derivative instruments were disposed at $0 (these represent the options terminated on exercise).
• Footnote: Options were fully vested and exercisable as of the filing (per footnote F1).
• Shares owned after the transactions: Not specified in the Form 4.
• Filing/timeliness: Form 4 was filed 2026-03-27. The 03-25 exercise was reported within ~2 days; the 03-17 exercise appears to have been reported about 10 days later (which may be late relative to the standard 2-business-day Form 4 requirement).

Context

• Exercising options converts the derivative (the option) into common shares; the $0 disposal lines are standard bookkeeping showing the options were surrendered/terminated, not that shares were sold. The filing does not show any immediate sale of the acquired shares. Purchases (including option exercises that result in net share ownership increases) are often more informative to investors than routine sales, but the filing gives no information about Glaser’s motivations.