X0306 4 2022-03-22 0001639300 Ollie's Bargain Outlet Holdings, Inc. OLLI 0001813604 Kraus Larry C/O OLLIE'S BARGAIN OUTLET HOLDINGS, INC 6295 ALLENTOWN BOULEVARD, SUITE 1 HARRISBURG PA 17112 true VP, CIO Common Stock, par value $0.001 per share 2022-03-22 4 M 0 458 0 A 1410 D Common Stock, par value $0.001 per share 2022-03-22 4 F 0 156 42.94 D 1254 D Restricted Stock Units 2022-03-22 4 M 0 458 0 D Common Stock 458 1373 D Represents the conversion upon vesting restricted stock awards into common stock. Restricted Stock Units ("RSUs") convert into Common Stock on a one-for-one basis. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the reporting person and cancelled by the issuer in exchange for the issuer's agreement to pay federal and state tax withholding obligations of the reporting person resulting from the vesting of restricted stock units. The price reported in column 4 is equivalent to the fair market value based on the closing market price as of March 22, 2022. Each restricted stock award is the economic equivalent of one share of Ollie's Bargain Outlet Holdings, Inc. common stock. The restricted stock units vest and become exercisable in 25% installments on each anniversary date of the grant, March 22, 2021, subject to continued service through each applicable vesting date. The reporting person was granted 1,831 restricted stock units, of which 458 of the restricted stock units vested on March 22, 2022; 458 of the restricted stock units vest on March 22, 2023; 457 of the restricted stock units vest on March 22, 2024 and 458 of the restricted stock units vest on March 22, 2025. See Exhibit 24.1 - Power of Attorney By: /s/ James J. Comitale as Attorney-In-Fact 2022-03-24