Camping World (CWH) ties officer equity grant to 2026 performance

Rhea-AI Filing Summary

Christen Lindsey reported acquisition or exercise transactions in this Form 4 filing.

Camping World Holdings, Inc. granted officer Christen Lindsey 25,000 performance stock units (PSUs), each representing a contingent right to one share of Class A Common Stock. The PSUs relate to an annual performance period from January 1, 2026 through December 31, 2026 and are eligible to vest only if a specified 2026 performance goal is achieved and Lindsey remains in service through the vesting date. The award represents the minimum number of PSUs that may vest under this grant, and after this grant Lindsey directly holds 193,656 shares of Class A Common Stock.

Insights

Equity Compensation Analyst

Routine performance-based equity grant tying an officer’s pay to 2026 results.

The filing shows 25,000 performance stock units granted to officer Christen Lindsey at no cash cost, each potentially settling into one Class A share. This is a compensation-related, non-market transaction rather than an open-market buy or sell.

The PSUs are linked to a January 1, 2026–December 31, 2026 performance period, with vesting only after performance is certified and contingent on continued service. This structure aligns part of compensation with meeting 2026 goals, but actual shares delivered will depend on that performance outcome.

Post-grant, Lindsey directly holds 193,656 Class A shares, giving meaningful ongoing exposure to the stock. Overall, the event is routine and administrative, without an immediate directional signal on the company’s valuation.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Christen Lindsey

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	25,000	$0.00	--

Holdings After Transaction: Class A Common Stock — 193,656 shares (Direct)

Footnotes (1)

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Key Figures

Performance stock units granted: 25,000 PSUs Share holdings after transaction: 193,656 shares Performance period for PSU vesting: January 1, 2026–December 31, 2026

3 metrics

Performance stock units granted 25,000 PSUs Grant dated April 7, 2026; each PSU for one Class A share

Share holdings after transaction 193,656 shares Class A Common Stock directly held following reported grant

Performance period for PSU vesting January 1, 2026–December 31, 2026 Annual performance goal measurement window for PSU eligibility

Key Terms

performance stock units ("PSUs"), contingent right, vesting, performance period

4 terms

performance stock units ("PSUs") financial

"Represents performance stock units ("PSUs"). Each PSU represents a contingent right"

contingent right financial

"Each PSU represents a contingent right to receive one share of Class A"

vesting financial

"Vesting will occur on the date performance for the performance period is certified"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

performance period financial

"an annual performance goal over the period commencing January 1, 2026 and ending"

The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Christen Lindsey

(Last) (First) (Middle)

C/O CAMPING WORLD HOLDINGS, INC.

2 MARRIOTT DRIVE

(Street)

LINCOLNSHIRE ILLINOIS 60069

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Camping World Holdings, Inc. [ CWH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/07/2026		A		25,000(1)	A	$0	193,656	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents performance stock units ("PSUs"). Each PSU represents a contingent right to receive one share of Class A Common Stock. The PSUs are eligible to vest based upon the achievement of an annual performance goal over the period commencing January 1, 2026 and ending December 31, 2026. Vesting will occur on the date performance for the performance period is certified, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date. The number of PSUs reported represents the minimum number of PSUs that will be eligible to vest under the award.

Remarks:

Title: Chief Administrative and Legal Officer and Secretary

	/s/ Lindsey Christen	04/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Camping World (CWH) disclose about Christen Lindsey’s new equity award?

Camping World disclosed that officer Christen Lindsey received 25,000 performance stock units, each tied to one Class A common share. These units vest based on achieving a 2026 performance goal and continued service, making this a performance-linked compensation grant rather than an open-market stock purchase.

How many performance stock units did Christen Lindsey receive from Camping World (CWH)?

Christen Lindsey received 25,000 performance stock units from Camping World. Each PSU represents a contingent right to receive one share of Class A Common Stock, subject to a 2026 performance goal and continued service until the vesting date when performance is certified.

When will the new Camping World (CWH) performance stock units be eligible to vest?

The performance stock units are tied to a performance period running from January 1, 2026 through December 31, 2026. Vesting will occur on the date performance for that period is certified, provided Christen Lindsey remains in service with Camping World through the applicable vesting date.

What conditions apply to Christen Lindsey’s Camping World (CWH) PSU award?

The PSU award vests only if a specified annual performance goal for 2026 is achieved and Christen Lindsey continues serving the company through the vesting date. The 25,000 PSUs represent the minimum number eligible to vest under this performance-based grant structure.

How many Camping World (CWH) shares does Christen Lindsey hold after this Form 4 transaction?

After the reported transaction, Christen Lindsey directly holds 193,656 shares of Camping World Class A Common Stock. This total reflects direct ownership following the grant of 25,000 performance stock units, which themselves will convert into shares only if 2026 performance conditions are met.

Is Christen Lindsey’s Camping World (CWH) PSU grant an open-market stock purchase or sale?

The transaction is a grant of performance stock units, not an open-market trade. Lindsey acquired 25,000 PSUs at no stated purchase price as part of compensation, with future share delivery dependent on 2026 performance certification and continued employment with Camping World.