Michael J. Mardy - Mar 17, 2023 Form 4 Insider Report for Lulu's Fashion Lounge Holdings, Inc. (LVLU)

Role: Director
Signature: /s/ Alexa Pisczak as attorney-in-fact for Michael J. Mardy
Stock symbol: LVLU
Transactions as of: Mar 17, 2023
Transactions value $: $27,900
Form type: 4
Date filed: 3/20/2023, 04:01 PM
Previous filing: Mar 17, 2023
Next filing: Mar 23, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LVLU	Common Stock	Purchase	$27.9K	+10K	+28.56%	$2.79	45K	Mar 17, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.69 to $2.81. The Reporting Person undertakes to provide to Lulu's Fashion Lounge Holdings, Inc. (the "Company"), any security holder of the Company, 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	Represents (a) 24,436 shares of common stock and (b) 20,582 restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of common stock. 22.397 RSUs were granted on January 31, 2022 and vest in three, equal installments, of which 7,465 RSUs vested on January 31, 2023 and 14,932 RSUs will vest equally on January 31, 2024 and January 31, 2025, and 5,650 RSUs were granted on June 14, 2022 and vest in full on the earlier of (i) the first anniversary of the grant date or (ii) immediately before the next Annual Meeting immediately following the grant date.

Content

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.69 to $2.81. The Reporting Person undertakes to provide to Lulu's Fashion Lounge Holdings, Inc. (the "Company"), any security holder of the Company, 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.

Represents (a) 24,436 shares of common stock and (b) 20,582 restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of common stock. 22.397 RSUs were granted on January 31, 2022 and vest in three, equal installments, of which 7,465 RSUs vested on January 31, 2023 and 14,932 RSUs will vest equally on January 31, 2024 and January 31, 2025, and 5,650 RSUs were granted on June 14, 2022 and vest in full on the earlier of (i) the first anniversary of the grant date or (ii) immediately before the next Annual Meeting immediately following the grant date.