Michelle Sun Choe - Mar 30, 2023 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 30, 2023
Transactions value $: $524,975
Form type: 4
Date filed: 4/3/2023, 05:16 PM
Previous filing: Mar 29, 2023
Next filing: Sep 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LULU	Common Stock	Award	$750K	+2.09K	+18.18%	$358.09	13.6K	Mar 30, 2023	Direct	F1
transaction	LULU	Common Stock	Tax liability	-$119K	-332	-2.44%	$358.09	13.3K	Mar 30, 2023	Direct	F2
transaction	LULU	Common Stock	Tax liability	-$106K	-291	-2.19%	$364.19	13K	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	+8.66K		$0.00	8.66K	Mar 30, 2023	Common Stock	8.66K	$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.