Michelle Sun Choe - Apr 1, 2024 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
Apr 1, 2024
Transactions value $
-$2,083,547
Form type
4
Date filed
4/3/2024, 06:46 PM
Previous filing
Mar 27, 2024
Next filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LULU Common Stock Options Exercise $0 +8.15K +140.04% $0.00 14K Apr 1, 2024 Direct
transaction LULU Common Stock Tax liability -$1.7M -4.4K -31.51% $385.20 9.57K Apr 1, 2024 Direct F1
transaction LULU Common Stock Tax liability -$388K -1.01K -10.51% $385.20 8.56K Apr 1, 2024 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 -8.15K -100% $0.00* 0 Apr 1, 2024 Common Stock 8.15K Direct F3
* 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 contingent right to receive one share of the issuer's common stock. The performance share units were granted on March 31, 2021, with respect to the four-year period ending at the end of fiscal 2023. The issuer certified the achievement of the performance goals on March 15, 2024. The performance share units vested on March 31, 2024.