Andre Maestrini - Mar 30, 2022 Form 4 Insider Report for lululemon athletica inc. (LULU)

Role: EVP, International
Signature: /s/ Andre Maestrini by Alex Grieve, Attorney-in-Fact
Stock symbol: LULU
Transactions as of: Mar 30, 2022
Transactions value $: $2,135,521
Form type: 4
Date filed: 4/1/2022, 06:14 PM
Previous filing: Mar 31, 2022
Next filing: Jan 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LULU	Common Stock	Award	$400K	+1.06K	+59.74%	$376.92	2.84K	Mar 30, 2022	Direct	F1
transaction	LULU	Common Stock	Tax liability	-$55.5K	-152	-5.36%	$365.23	2.69K	Mar 31, 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	Stock Option (Right to Buy)	Award	$1.79M	+4.75K		$376.92	4.75K	Mar 30, 2022	Common Stock	4.75K	$376.92	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis. The reporting person received a restricted stock unit award which vests as to 33% on March 30, 2023, 33% on March 30, 2024, and 34% on March 30, 2025, subject to the reporting person's continued employment or association with the issuer through such date.
F2	Represents shares withheld for tax obligations in connection with vesting of restricted stock units.
F3	These options shall vest as to 25% on each of March 30, 2023, March 30, 2024, March 30, 2025 and March 30, 2026, subject to the reporting person's continued employment or association with the issuer through each such date.