Michelle Sun Choe - Mar 28, 2022 Form 4 Insider Report for lululemon athletica inc. (LULU)

Role: Chief Product Officer
Signature: /s/ Michelle (Sun) Choe by Alex Grieve, Attorney-in-Fact
Stock symbol: LULU
Transactions as of: Mar 28, 2022
Transactions value $: -$1,807,869
Form type: 4
Date filed: 3/31/2022, 09:07 AM
Previous filing: Mar 25, 2022
Next filing: Apr 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LULU	Common Stock	Options Exercise	$0	+8.95K	+267.76%	$0.00	12.3K	Mar 28, 2022	Direct
transaction	LULU	Common Stock	Tax liability	-$1.6M	-4.84K	-39.32%	$331.78	7.46K	Mar 28, 2022	Direct	F1
transaction	LULU	Common Stock	Tax liability	-$203K	-613	-8.21%	$331.78	6.85K	Mar 28, 2022	Direct	F2

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	+8.95K		$0.00^*	0	Mar 28, 2022	Common Stock	8.95K		Direct	F3

* 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	Represents shares withheld for tax obligations in connection with vesting restricted stock units.
F3	Each performance share unit a contingent right to receive on share of the issuer's common stock. The performance share units were granted on March 28, 2019, 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.