Calvin Mcdonald - 27 Jun 2025 Form 4 Insider Report for lululemon athletica inc. (LULU)

Role: Chief Executive Officer, Director
Signature: /s/ Calvin McDonald by Alex Grieve, Attorney-in-Fact
Issuer symbol: LULU
Transactions as of: 27 Jun 2025
Net transactions value: -$1,543,259
Form type: 4
Filing time: 01 Jul 2025, 19:13:23 UTC
Previous filing: 02 Apr 2025
Next filing: 02 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
MCDONALD CALVIN	Chief Executive Officer, Director	C/O LULULEMON ATHLETICA INC, 1818 CORNWALL AVENUE, VANCOUVER, BRITISH COLUMBIA, CANADA	/s/ Calvin McDonald by Alex Grieve, Attorney-in-Fact	01 Jul 2025	0001749971

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LULU	Common Stock	Options Exercise	$4,831,968	+35,355	+35%	$136.67	137,613	27 Jun 2025	Direct
transaction	LULU	Common Stock	Sale	$5,176,544	-21,977	-16%	$235.54	115,636	27 Jun 2025	Direct	F1
transaction	LULU	Common Stock	Sale	$1,198,682	-5,072	-4.4%	$236.33	110,564	27 Jun 2025	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)	Options Exercise	$0	-35,355	-100%	$0.000000	0	27 Jun 2025	Common Stock	35,355	$136.67	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $235.18 to $236.14, inclusive. The reporting person undertakes to provide to Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2	The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $236.20 to $236.56, inclusive. The reporting person undertakes to provide to Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3	These options vested as to 25% on each of August 20, 2019, August 20, 2020, August 20, 2021 and August 20, 2022. The stock options were exercised prior to their expiration date on August 20, 2025.