Meghan Frank - 27 Mar 2023 Form 4 Insider Report for lululemon athletica inc. (LULU)

Role
Chief Financial Officer
Signature
/s/ Meghan Frank by Alex Grieve, Attorney-in-Fact
Issuer symbol
LULU
Transactions as of
27 Mar 2023
Net transactions value
-$345,453
Form type
4
Filing time
29 Mar 2023, 17:34:43 UTC
Previous filing
27 Mar 2023
Next filing
03 Apr 2023
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 +1,950 +29% $0.000000 8,726 27 Mar 2023 Direct
transaction LULU Common Stock Tax liability $325,785 -1,027 -12% $317.22 7,699 27 Mar 2023 Direct F1
transaction LULU Common Stock Tax liability $19,668 -62 -0.81% $317.22 7,637 27 Mar 2023 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 -349 -100% $0.000000* 0 27 Mar 2023 Common Stock 349 Direct F3
transaction LULU Performance Share Units Options Exercise $0 -1,601 -100% $0.000000* 0 27 Mar 2023 Common Stock 1,601 Direct F4
* 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 of restricted stock units.
F3 Each performance share unit represents a right to receive one share of the issuer's common stock. The performance share units were granted on December 11, 2020, with respect to the three-year period ending at the end of fiscal 2022. The issuer certified the achievement of the performance goals on March 22, 2023. The performance share units vested on March 27, 2023.
F4 Each performance share unit represents a right to receive one share of the issuer's common stock. The performance share units were granted on March 27, 2020, with respect to the three-year period ending at the end of fiscal 2022. The issuer certified the achievement of the performance goals on March 22, 2023. The performance share units vested on March 27, 2023.