ANDRE MAESTRINI - 28 Mar 2022 Form 4 Insider Report for lululemon athletica inc. (LULU)

Role: EVP, International
Signature: /s/ Andre Maestrini by Alex Grieve, Attorney-in-Fact
Issuer symbol: LULU
Transactions as of: 28 Mar 2022
Net transactions value: -$218,311
Form type: 4
Filing time: 31 Mar 2022, 09:07:37 UTC
Previous filing: 25 Mar 2022
Next filing: 01 Apr 2022
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	+1,400	+135%	$0.000000	2,434	28 Mar 2022	Direct
transaction	LULU	Common Stock	Tax liability	$218,311	-658	-27%	$331.78	1,776	28 Mar 2022	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	-1,400	-100%	$0.000000^*	0	28 Mar 2022	Common Stock	1,400		Direct	F2

* 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 January 12, 2021, with respect to the three-year period ending at the end of fiscal 2021. The issuer certified the achievement of the performance goals on March 23, 2022. The performance share units vested on March 28, 2022.