Shawn Nelson - 23 Mar 2023 Form 4 Insider Report for Lovesac Co (LOVE)

Role
Chief Executive Officer, Director
Signature
/s/ Megan C. Preneta, as Attorney-in-Fact for Shawn Nelson
Issuer symbol
LOVE
Transactions as of
23 Mar 2023
Transactions value $
$0
Form type
4
Filing time
27 Mar 2023, 16:30:58 UTC
Previous filing
03 Jan 2023
Next filing
29 Mar 2023
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 Award $0 +24,759 +16.22% $0 177,436 23 Mar 2023 Direct
transaction LOVE Common Stock, $0.00001 par value Award $0 +7,145 +4.03% $0 184,581 23 Mar 2023 Direct
transaction LOVE Common Stock, $0.00001 par value Award $0 +1,457 +0.79% $0 186,038 23 Mar 2023 Direct
transaction LOVE Common Stock, $0.00001 par value Award $0 +2,772 +1.49% $0 188,810 23 Mar 2023 Direct
holding LOVE Common Stock, $0.00001 par value 61,795 23 Mar 2023 The LPDV Holding Trust 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 LOVE Restricted Stock Units Options Exercise $0 -24,759 -100% $0* 0 23 Mar 2023 Common Stock 24,759 Direct F2, F3
transaction LOVE Restricted Stock Units Options Exercise $0 -7,145 -100% $0* 0 23 Mar 2023 Common Stock 7,145 Direct F2, F4
transaction LOVE Restricted Stock Units Options Exercise $0 -1,457 -49.98% $0 1,458 23 Mar 2023 Common Stock 1,457 Direct F2, F5
transaction LOVE Restricted Stock Units Options Exercise $0 -2,772 -33.33% $0 5,544 23 Mar 2023 Common Stock 2,772 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each restricted stock unit ("RSU") represents the contingent right to receive, upon settlement of the RSU, one share of the Issuer's Common Stock.
F3 The reported shares will be settled on May 17, 2023 upon the vesting of performance based RSUs granted on June 5, 2020 based on the Issuer's achievements with respect to certain financial performance metrics for the applicable performance period.
F4 The reported shares will be settled on June 5, 2023 upon the vesting of the third tranche of performance based RSUs granted on June 5, 2020 based on the Issuer's achievements with respect to certain financial performance metrics for the applicable performance period.
F5 The reported shares will be settled on June 7, 2023 upon the vesting of the second tranche of performance based RSUs granted on June 7, 2021 based on the Issuer's achievements with respect to certain financial performance metrics for the applicable performance period.
F6 The reported shares will be settled on April 15, 2023 upon the vesting of the first tranche of performance based RSUs granted on April 15, 2022 based on the Issuer's achievements with respect to certain financial performance metrics for the applicable performance period.