R. Andrew Heyer - Dec 27, 2021 Form 4 Insider Report for Lovesac Co (LOVE)

Role
Director
Signature
/s/ Andrew R. Heyer
Stock symbol
LOVE
Transactions as of
Dec 27, 2021
Transactions value $
-$1,384,734
Form type
4
Date filed
12/29/2021, 06:03 PM
Previous filing
Nov 24, 2021
Next filing
Jan 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOVE Common stock, $0.00001 par value Sale -$743K -10.9K -4.45% $68.15 234K Dec 27, 2021 See footnotes F1, F3, F4
transaction LOVE Common stock, $0.00001 par value Sale -$201K -2.95K -1.26% $68.15 231K Dec 27, 2021 See footnotes F2, F3, F4
transaction LOVE Common stock, $0.00001 par value Sale -$145K -2.13K -0.92% $68.29 229K Dec 28, 2021 See footnotes F1, F3, F4
transaction LOVE Common stock, $0.00001 par value Sale -$39.3K -575 -0.25% $68.29 228K Dec 28, 2021 See footnotes F2, F3, F4
transaction LOVE Common stock, $0.00001 par value Sale -$202K -3K -1.31% $67.21 225K Dec 29, 2021 See footnotes F1, F3, F4
transaction LOVE Common stock, $0.00001 par value Sale -$54.6K -813 -0.36% $67.21 225K Dec 29, 2021 See footnotes F2, F3, F4
holding LOVE Common stock, $0.00001 par value 162K Dec 27, 2021 Direct F5
holding LOVE Common stock, $0.00001 par value 38.3K Dec 27, 2021 See footnote F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold by Mistral Equity Partners, LP ("MEP, LP").
F2 Represents shares sold by Mistral Equity Partners QP, LP ("Mistral QP").
F3 The price reported in Column 4 is a weighted average price. With respect to the weighted average price of (i) $68.15, these shares were sold in multiple transactions at prices ranging from $68.00 to $68.74; (ii) $68.29, these shares were sold in multiple transactions at prices ranging from $68.00- $68.73; and (iii) $67.21, these shares were sold in multiple transactions at prices ranging from $67.21 to $68.24. 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 (3).
F4 By reason of the provisions of Rule 16a-1 of the Exchange Act, Mr. Heyer may be deemed to have beneficial ownership of certain of the securities that are beneficially owned by MEP, LP, Mistral QP and MEP Co-Invest, LLC, (together, the "Mistral Funds"). Each of the Mistral Funds is controlled by Mr. Heyer. Mr. Heyer disclaims beneficial ownership of the securities owned by the Mistral Funds, except to the extent of Mr. Heyer's pecuniary interest therein.
F5 These shares are owned directly by Andrew R. Heyer.
F6 These shares are held by Heyer Investment Management, LLC and Andrew R. Heyer 2007 Associates, L.P., each of which Mr. Heyer controls.