ESCALADE INC — Director's Dealing 2025

May 9, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ESCALADE INC (ESCA)
CIK: 0000033488
Period of Report: 2025-05-07

Reporting Person: Williams Edward E (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-08	Common Stock	M	2150	—	Acquired	155452	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-07	Restricted Stock Units	$	A	4500	Acquired	2027-05-07	Common Stock (4500)	Direct
2025-05-08	Restricted Stock Units	$	M	2150	Disposed	2026-05-08	Common Stock (2150)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	289487	Indirect

Footnotes

F1: Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.

F2: The reporting person is one of three partners of the KPW Family Limited Partnership. The reporting person disclaims beneficial ownership interest in these shares, except to the extent of his pecuniary interest therein.

F3: Each Restricted Stock Unit (RSU) represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (the "Plan"). Shares will be delivered to the reporting person upon vesting of the applicable RSUs, unless the reporting person defers receipt.

F4: On May 7, 2025, the reporting person was granted 4,500 RSUs pursuant to the Escalade 2017 Plan, of which one half will vest on May 7, 2026 and one half on May 7, 2027, provided that the reporting person remains a director of Escalade.

F5: On May 8, 2024, the reporting person was granted 4,300 RSUs pursuant to the Escalade 2017 Plan, of which 2,150 RSUs vested and settled on May 8, 2025 as reported on this Form 4. The remaining 2,150 RSUs will vest on May 8, 2026, provided that the reporting person remains a director of Escalade.