Select Interior Concepts Announces Employment Inducement Award Pursuant to NASDAQ Listing Rule 5635(c)(4)

ATLANTA--(BUSINESS WIRE)--Select Interior Concepts, Inc. (“SIC” or the “Company”) (NASDAQ: SIC), a premier installer and nationwide distributor of interior building products, today announced that in connection with the appointment of L. W. (Bill) Varner, Jr. as the Chief Executive Officer of the Company, effective immediately, the Company granted to Mr. Varner 500,000 time-based restricted stock units and 500,000 performance-based restricted stock units, each representing the right to earn one share of the Company’s common stock. The time-based restricted stock units vest in equal annual installments over four years, subject to Mr. Varner’s continued employment with the Company. The performance-based restricted stock units vest based on the closing price of the Company’s common stock exceeding specific price hurdles for 20 consecutive trading days, and subject to Mr. Varner’s continued employment with the Company.