Andre Maestrini - Mar 30, 2023 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, 2023
Transactions value $
$385,452
Form type
4
Date filed
4/3/2023, 05:13 PM
Previous filing
Mar 29, 2023
Next filing
Jan 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LULU Common Stock Award $500K +1.4K +33.14% $358.09 5.61K Mar 30, 2023 Direct F1
transaction LULU Common Stock Tax liability -$59.1K -165 -2.94% $358.09 5.44K Mar 30, 2023 Direct F2
transaction LULU Common Stock Tax liability -$55.4K -152 -2.79% $364.19 5.29K Mar 31, 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 +5.77K $0.00 5.77K Mar 30, 2023 Common Stock 5.77K $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.