Mark Vos - Jan 9, 2024 Form 4 Insider Report for Lulu's Fashion Lounge Holdings, Inc. (LVLU)

Role
President & CIO
Signature
/s/ Alexa Pisczak, Attorney-in-Fact for Mark Vos
Stock symbol
LVLU
Transactions as of
Jan 9, 2024
Transactions value $
$0
Form type
4
Date filed
1/10/2024, 06:06 AM
Previous filing
Jan 3, 2024
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LVLU Common Stock Award $0 +300K +52.31% $0.00 873K Jan 9, 2024 Direct F1
transaction LVLU Common Stock Award $0 +360K +41.22% $0.00 1.23M Jan 9, 2024 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 LVLU Performance Stock Units Award $0 +300K $0.00 300K Jan 9, 2024 Common Stock 300K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs"), each of which represent a contingent right to receive one share of Lulu's Fashion Lounge Holdings, Inc.'s (the "Company") common stock, of which 100,000 RSUs vested on January 9, 2024 and the remaining 200,000 RSUs will vest in eight, equal quarterly installments beginning on March 31, 2024.
F2 Represents RSUs, each of which represent a contingent right to receive one share of the Company's common stock, which vest in four, equal quarterly installments beginning on March 31, 2024.
F3 Represents performance stock units ("PSUs"), each of which represent a contingent right to receive one share of the Company's common stock. The PSUs vest on the date when both of the following have occurred: (i) Performance Achievement: the Volume-Weighted Average Price ("VWAP") of the Company's common stock over trailing ten (10) trading days equals or exceeds $7.50 on a date when Mr. Vos remains employed by the Company or within ninety (90) days following termination of Mr. Vos' employment; and (ii) Service Achievement: Mr. Vos remains employed with the Company through December 31, 2024.