Calvin Mcdonald - Mar 31, 2025 Form 4 Insider Report for lululemon athletica inc. (LULU)

Role: Chief Executive Officer, Director
Signature: /s/ Calvin McDonald by Alex Grieve, Attorney-in-Fact
Stock symbol: LULU
Transactions as of: Mar 31, 2025
Transactions value $: -$4,017,754
Form type: 4
Date filed: 4/2/2025, 07:57 PM
Previous filing: Mar 28, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LULU	Common Stock	Options Exercise	$0	+26.5K	+29.5%	$0.00	116K	Mar 31, 2025	Direct
transaction	LULU	Common Stock	Tax liability	-$4.02M	-14.2K	-12.19%	$283.06	102K	Mar 31, 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LULU	Performance Share Units	Options Exercise	$0	-26.5K	-100%	$0.00	0	Mar 31, 2025	Common Stock	26.5K		Direct	F2
transaction	LULU	Stock Option (right to buy)	Award	$0	+51.3K		$0.00	51.3K	Mar 31, 2025	Common Stock	51.3K	$283.06	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares withheld for tax obligations in connection with settlement of performance share units.
F2	Each performance share unit represents a contingent right to receive one share of the issuer's common stock. The performance share units were granted on March 30, 2022 with respect to the three-year period ending at the end of fiscal 2024. The issuer certified the achievement of the performance goals on March 26, 2025. The performance share units vested on March 30, 2025.
F3	These options shall vest as to 25% on each of March 31, 2026, March 31, 2027, March 31, 2028 and March 31, 2029, subject to the reporting person's continued employment or association with the issuer through each such date.