Mary Fox - Apr 15, 2025 Form 4 Insider Report for Lovesac Co (LOVE)

Role
President and COO
Signature
/s/ Megan C. Preneta, as Attorney-in-Fact for Mary Fox
Stock symbol
LOVE
Transactions as of
Apr 15, 2025
Transactions value $
-$72,542
Form type
4
Date filed
4/17/2025, 05:22 PM
Previous filing
Apr 7, 2025
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 Options Exercise $0 +2.77K +11.04% $0.00 27.9K Apr 15, 2025 Direct F1
transaction LOVE Common Stock, $0.00001 par value Tax liability -$25.6K -1.31K -4.71% $19.49 26.6K Apr 15, 2025 Direct F2
transaction LOVE Common Stock, $0.00001 par value Options Exercise $0 +4.85K +18.24% $0.00 31.4K Apr 15, 2025 Direct F3
transaction LOVE Common Stock, $0.00001 par value Tax liability -$47K -2.41K -7.67% $19.49 29K Apr 15, 2025 Direct F4

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 Award $0 +51.2K $0.00 51.2K Apr 15, 2025 Common Stock 51.2K Direct F5, F6
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +51.2K $0.00 51.2K Apr 15, 2025 Common Stock 51.2K Direct F5, F6
transaction LOVE Restricted Stock Units Options Exercise $0 -2.77K -100% $0.00 0 Apr 15, 2025 Common Stock 2.77K Direct F1, F5
transaction LOVE Restricted Stock Units Options Exercise $0 -4.85K -50% $0.00 4.85K Apr 15, 2025 Common Stock 4.85K Direct F3, F5
transaction LOVE Restricted Stock Units (Performance-based Vesting) Disposed to Issuer $0 -4.85K -33.33% $0.00 9.7K Apr 15, 2025 Common Stock 4.85K Direct F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares were acquired upon the vesting of the third tranche of time-based restricted stock units ("RSUs") granted on April 15, 2022.
F2 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the third tranche of time-based RSUs granted on April 15, 2022. No shares were sold.
F3 The reported shares were acquired upon the vesting of the second tranche of time-based RSUs granted on April 15, 2023.
F4 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the second tranche of time-based RSUs granted on April 15, 2023. No shares were sold.
F5 Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
F6 On April 15, 2025, the Reporting Person received a grant of RSUs, of which (a) 50% vest in three equal installments on the first, second and third anniversaries of the grant date, and (b) 50% vest based on the Issuer's achievements with respect to certain financial performance targets for the performance period and are payable in three equal installments on the first, second and third anniversaries of the grant date.
F7 Reflects performance-based RSUs granted on April 15, 2023 which were unearned and forfeited.