Canada Pension Plan Investment Board - Nov 15, 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
Stock symbol
LVLU
Transactions as of
Nov 15, 2021
Transactions value $
-$833,334
Form type
4
Date filed
11/16/2021, 04:24 PM
Previous filing
Nov 10, 2021
Next filing
Jan 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LVLU Common Stock Conversion of derivative security $0 +7.5M $0.00 7.5M Nov 15, 2021 Direct F3
transaction LVLU Series B Preferred Stock Other -$833K -417K -100% $2.00 0 Nov 15, 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 -1.56M -100% $0.00* 0 Nov 15, 2021 Common Stock 7.5M 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.