B. Riley Financial, Inc. — Director's Dealing 2021

Feb 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TILE SHOP HOLDINGS, INC. (TTSH)
CIK: 0001552800
Period of Report: 2021-01-29

Reporting Person: B. Riley Financial, Inc. (See Remarks)
Reporting Person: BRC Partners Opportunity Fund, LP (See Remarks)
Reporting Person: BRC Partners Management GP, LLC (See Remarks)
Reporting Person: B. RILEY CAPITAL MANAGEMENT, LLC (See Remarks)
Reporting Person: B. Riley Securities, Inc. (See Remarks)
Reporting Person: RILEY BRYANT R (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-29	Common Stock	P	7400	$5.00	Acquired	2328900	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2038645	Indirect

Footnotes

F1: This Form 4 is filed jointly by B. Riley Financial, Inc., a Delaware corporation ("BRF"), BRC Partners Opportunity Fund, L.P., a Delaware limited partnership ("BRPLP"), and B. Riley Securities, Inc., a Delaware corporation ("BRS"), (collectively, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock of the Issuer reported herein except to the extent of its pecuniary interest therein.

F2: BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), is a subsidiary of B. Riley Capital Management, LLC, a New York limited liability company ("BRCM"), a registered investment advisor, and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, each of BRPGP, BRCM and BRF may be deemed to beneficially own the shares of Common Stock owned directly by BRPLP. BRF is the parent company of BRS. As a result, BRF may be deemed to beneficially own the shares of Common Stock owned directly by BRS.

F3: Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRF. Accordingly, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock held by BRPLP and BRS. Each of Bryant R. Riley, BRF, BRS, BRPGP, BRCM and BRPLP disclaims beneficial ownership of the outstanding shares of Common Stock reported herein, except to the extent of its/his respective pecuniary interest therein.