ANDRE MAESTRINI - 30 Mar 2023 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: 30 Mar 2023
Net transactions value: +$385,452
Form type: 4
Filing time: 03 Apr 2023, 17:13:54 UTC
Previous filing: 29 Mar 2023
Next filing: 17 Jan 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LULU	Common Stock	Award	$499,894	+1,396	+33%	$358.09	5,609	30 Mar 2023	Direct	F1
transaction	LULU	Common Stock	Tax liability	$59,085	-165	-2.9%	$358.09	5,444	30 Mar 2023	Direct	F2
transaction	LULU	Common Stock	Tax liability	$55,357	-152	-2.8%	$364.19	5,292	31 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	Stock Option (right to buy)	Award	$0	+5,770		$0.000000	5,770	30 Mar 2023	Common Stock	5,770	$358.09	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, 2024, 33% on March 30, 2025, and 34% on March 30, 2026, 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, 2024, March 30, 2025, March 30, 2026 and March 30, 2027, subject to the reporting person's continued employment or association with the issuer through each such date.