Satori Capital, LLC - Sep 21, 2021 Form 4 Insider Report for Lovesac Co (LOVE)

Role: Director, Affiliate of reporting person
Signature: Satori Capital, LLC By: /s/ Sunny Vanderbeck Title: President
Stock symbol: LOVE
Transactions as of: Sep 21, 2021
Transactions value $: -$4,956,672
Form type: 4
Date filed: 9/23/2021, 06:41 PM
Previous filing: Sep 14, 2021
Next filing: Oct 25, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOVE	Common Stock	Sale	-$1.67M	-23.8K	-2.67%	$70.29	866K	Sep 21, 2021	See footnote	F1, F2
transaction	LOVE	Common Stock	Sale	-$191K	-2.7K	-0.31%	$70.58	863K	Sep 22, 2021	See footnote	F1, F2
transaction	LOVE	Common Stock	Sale	-$1.27M	-17.8K	-2.06%	$71.37	845K	Sep 22, 2021	See footnote	F1, F2
transaction	LOVE	Common Stock	Sale	-$732K	-10.1K	-1.19%	$72.47	835K	Sep 22, 2021	See footnote	F1, F2
transaction	LOVE	Common Stock	Sale	-$1.09M	-14.9K	-1.78%	$73.26	820K	Sep 22, 2021	See footnote	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 sold in multiple transactions at prices ranging from (a) with respect to the weighted average price of $70.29: $70.00 to $70.85, inclusive; (b) with respect to the weighted average price of $70.58: $70.09 to $70.79, inclusive; (c) with respect to the weighted average price of $71.37: $71.00 to $71.95, inclusive; (d) with respect to the weighted average price of $72.47: $72.12 to $72.70, inclusive and (e) with respect to the weighted average price of $73.26: $73.00 to $73.57, inclusive. The reporting person undertakes to provide to The Lovesac Company, any security holder of The Lovesac 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 footnote (1).
F2	Satori Capital Strategic Opportunities GP, LLC ("Satori CSOGP"), is the general partner of Satori Capital Strategic Opportunities, LP ("Satori CSO") and Satori Capital III GP, LLC ("SCIIIGP"), is the general partner of Satori Capital III, LP ("SCIII"). SCGPM, LLC ("SCGPM") is the manager of Satori CSOGP and SCIIIGP and may be deemed to share voting and dispositive power with respect to the shares held by Satori CSO and SCIII. SCGPM is wholly owned and controlled by Satori Capital, LLC ("Satori Capital"), which is indirectly owned and controlled by Sunny Vanderbeck and Randy Eisenman through entities that Sunny Vanderbeck or Randy Eisenman own or control. By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), Mr. Grafer may be deemed to have beneficial ownership of certain of the securities that are beneficially owned by Satori CSO and SCIII. Mr. Grafer disclaims beneficial ownership of the securities owned by Satori CSO and SCIII, and the filing of this Form 4 shall not be deemed an admission that Mr. Grafer is the beneficial owner of the securities for purposes of Section 16 of the Exchange Act or for any other purpose.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from (a) with respect to the weighted average price of $70.29: $70.00 to $70.85, inclusive; (b) with respect to the weighted average price of $70.58: $70.09 to $70.79, inclusive; (c) with respect to the weighted average price of $71.37: $71.00 to $71.95, inclusive; (d) with respect to the weighted average price of $72.47: $72.12 to $72.70, inclusive and (e) with respect to the weighted average price of $73.26: $73.00 to $73.57, inclusive. The reporting person undertakes to provide to The Lovesac Company, any security holder of The Lovesac 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 footnote (1).

Satori Capital Strategic Opportunities GP, LLC ("Satori CSOGP"), is the general partner of Satori Capital Strategic Opportunities, LP ("Satori CSO") and Satori Capital III GP, LLC ("SCIIIGP"), is the general partner of Satori Capital III, LP ("SCIII"). SCGPM, LLC ("SCGPM") is the manager of Satori CSOGP and SCIIIGP and may be deemed to share voting and dispositive power with respect to the shares held by Satori CSO and SCIII. SCGPM is wholly owned and controlled by Satori Capital, LLC ("Satori Capital"), which is indirectly owned and controlled by Sunny Vanderbeck and Randy Eisenman through entities that Sunny Vanderbeck or Randy Eisenman own or control. By reason of the provisions of Rule 16a-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), Mr. Grafer may be deemed to have beneficial ownership of certain of the securities that are beneficially owned by Satori CSO and SCIII. Mr. Grafer disclaims beneficial ownership of the securities owned by Satori CSO and SCIII, and the filing of this Form 4 shall not be deemed an admission that Mr. Grafer is the beneficial owner of the securities for purposes of Section 16 of the Exchange Act or for any other purpose.