CANADA PENSION PLAN INVESTMENT BOARD - 15 Nov 2021 Form 4 Insider Report for Lulu's Fashion Lounge Holdings, Inc. (LVLU)

Role: 10%+ Owner
Signature: /s/ Ryan Barry, Managing Director, Head of Legal, Canada Pension Plan Investment Board
Issuer symbol: LVLU
Transactions as of: 15 Nov 2021
Net transactions value: -$833,334
Form type: 4
Filing time: 16 Nov 2021, 16:24:55 UTC
Previous filing: 10 Nov 2021
Next filing: 27 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LVLU	Common Stock	Conversion of derivative security	$0	+7,500,000		$0.000000	7,500,000	15 Nov 2021	Direct	F3
transaction	LVLU	Series B Preferred Stock	Other	$833,334	-416,667	-100%	$2.00	0	15 Nov 2021	Direct	F2, F3

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	LVLU	Series A Preferred Stock	Conversion of derivative security	$0	-1,564,817	-100%	$0.000000^*	0	15 Nov 2021	Common Stock	7,500,000		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	The shares of Series A Preferred Stock were automatically converted into shares of common stock of Lulu's Fashion Lounge Holdings, Inc. (the "Company") on a 1:18 basis upon closing of the Company's initial public offering on November 15, 2021 ("IPO") and had no expiration date.
F2	The shares of Series B Preferred Stock were redeemed by the Company and extinguished for cash consideration upon closing of the IPO and had no expiration date.
F3	The securities are directly owned by Canada Pension Plan Investment Board ("CPPIB"). None of the members of the board of directors of CPPIB has sole voting or dispositive power with respect to the securities beneficially owned by CPPIB.