David W. McCreight - 13 Feb 2023 Form 4 Insider Report for Lulu's Fashion Lounge Holdings, Inc. (LVLU)

Role
Chief Executive Officer, Director
Signature
/s/ Alexa Pisczak as attorney-in-fact for David W. McCreight
Issuer symbol
LVLU
Transactions as of
13 Feb 2023
Net transactions value
$0
Form type
4
Filing time
14 Feb 2023, 15:06:43 UTC
Previous filing
05 Jul 2022
Next filing
06 Mar 2023
SEC
View on sec.gov

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 Options Disposed to Issuer $0 -161,396 -50% $0.000000 161,397 13 Feb 2023 Common Stock 161,396 $11.35 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the voluntary forfeiture of 161,396 unvested stock options by the Reporting Person on February 13, 2023.
F2 161,397 out of the 322,793 options originally granted became fully vested and exercisable upon completion of the Issuer's initial public offering.
F3 On February 13, 2023, the Company and Mr. McCreight entered into the First Amendment to Lulu's Fashion Lounge Holdings, Inc. 2021 Equity Incentive Plan Stock Option Agreement governing the 161,397 vested stock options to extend the post-termination exercise period of those options from 90 days to three (3) years from a termination of service other than for cause, death or disability. No other changes to the option agreement were made.