ANDRE MAESTRINI - 01 Apr 2024 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: 01 Apr 2024
Net transactions value: -$1,093,198
Form type: 4
Filing time: 03 Apr 2024, 18:46:38 UTC
Previous filing: 27 Mar 2024
Next filing: 27 Mar 2025
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	+4,890	+73%	$0.000000	11,585	01 Apr 2024	Direct
transaction	LULU	Common Stock	Tax liability	$885,575	-2,299	-20%	$385.20	9,286	01 Apr 2024	Direct	F1
transaction	LULU	Common Stock	Tax liability	$207,623	-539	-5.8%	$385.20	8,747	01 Apr 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	-4,890	-100%	$0.000000^*	0	01 Apr 2024	Common Stock	4,890		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.