Shawn Nelson - 16 Jun 2021 Form 4 Insider Report for Lovesac Co (LOVE)

Role
Chief Executive Officer, Director
Signature
/s/ Megan C. Preneta, Attorney-in-Fact
Issuer symbol
LOVE
Transactions as of
16 Jun 2021
Transactions value $
$26
Form type
4
Filing time
21 Jun 2021, 06:40:44 UTC
Previous filing
08 Jun 2021
Next filing
20 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOVE Common Stock, $0.00001 par value Exercise of in-the-money or at-the-money derivative security $28K +1.75K +1.26% $16.00 141K 16 Jun 2021 Direct F1
transaction LOVE Common Stock, $0.00001 par value Tax liability -$28K -358 -0.25% $78.14 140K 16 Jun 2021 Direct F2
holding LOVE Common Stock. $0.00001 par value 94.1K 16 Jun 2021 The LDPV Holding Trust 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 LOVE Common Stock Warrants (Right to Buy) Exercise of in-the-money or at-the-money derivative security $0 -1.75K -100% $0.00* 0 16 Jun 2021 Common Stock 1.75K $16.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 16, 2021, the Reporting Person exercised warrants to purchase 1,750 shares of the Issuer's common stock for $16 per share.
F2 Reflects shares of the Issuer's common stock withheld pursuant to a cashless exercise provision to pay the exercise price of the warrant shares. No shares were sold.
F3 The reported shares are held by The LDPV Holding Trust, dated October 1, 2018, of which the Reporting Person's spouse is trustee and the Reporting Person has sole authority over the disposition of the shares of the Issuer held by the trust.