Sharon M. Leite - 01 Jun 2023 Form 4 Insider Report for Lovesac Co (LOVE)

Role
Director
Signature
/s/ Megan C. Preneta, Attorney-in-Fact for Sharon M. Leite
Issuer symbol
LOVE
Transactions as of
01 Jun 2023
Net transactions value
$0
Form type
4
Filing time
05 Jun 2023, 16:05:26 UTC
Previous filing
17 Apr 2023
Next filing
08 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOVE Common Stock, par value $0.00001 Options Exercise $0 +2,408 +36% $0.000000 9,046 02 Jun 2023 Direct F1
transaction LOVE Common Stock, par value $0.00001 Options Exercise $0 +1,267 +14% $0.000000 10,313 02 Jun 2023 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 LOVE Restricted Stock Units Award $0 +4,996 $0.000000 4,996 01 Jun 2023 Common Stock 4,996 Direct F3, F4
transaction LOVE Restricted Stock Units Options Exercise $0 -2,408 -100% $0.000000* 0 02 Jun 2023 Common Stock 2,408 Direct F1, F3
transaction LOVE Restricted Stock Units Options Exercise $0 -1,267 -100% $0.000000* 0 02 Jun 2023 Common Stock 1,267 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares were acquired upon the vesting of restricted stock units ("RSUs") granted on June 2, 2022.
F2 The reported shares were acquired upon the vesting of RSUs elected by the Reporting Person in lieu of the Reporting Person's cash retainer for service on the Issuer's board of directors for fiscal 2023.
F3 Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
F4 The Reporting Person received a grant of RSUs of which 100% are subject to vesting on June 1, 2024.