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

Role: Chief Financial Officer
Signature: /s/ Meghan Frank by Alex Grieve, Attorney-in-Fact
Stock symbol: LULU
Transactions as of: Mar 31, 2025
Transactions value $: -$38,779
Form type: 4
Date filed: 4/2/2025, 07:58 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	Award	$650K	+2.3K	+21.26%	$283.06	13.1K	Mar 31, 2025	Direct	F1
transaction	LULU	Common Stock	Options Exercise	$0	+3.98K	+30.39%	$0.00	17.1K	Mar 31, 2025	Direct
transaction	LULU	Common Stock	Tax liability	-$95.4K	-337	-1.97%	$283.06	16.7K	Mar 31, 2025	Direct	F2
transaction	LULU	Common Stock	Tax liability	-$593K	-2.1K	-12.52%	$283.06	14.6K	Mar 31, 2025	Direct	F3

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	-3.98K	-100%	$0.00	0	Mar 31, 2025	Common Stock	3.98K		Direct	F4
transaction	LULU	Stock Option (right to buy)	Award	$0	+9.62K		$0.00	9.62K	Mar 31, 2025	Common Stock	9.62K	$283.06	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Restricted Stock units convert into common stock on a one-for-one basis. The reporting person received a restricted stock unit award which vests as to 33% on March 31, 2026, 33% on March 31, 2027 and 34% on March 31, 2028, subject to the reporting person's continued employment or association with the issuer through such date.
F2	Represents shares withheld for tax obligations in connection with vesting of restricted stock units.
F3	Represents shares withheld for tax obligations in connection with settlement of performance share unit.
F4	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.
F5	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.