R. Andrew Heyer - Jun 1, 2023 Form 4 Insider Report for Lovesac Co (LOVE)

Role
Director
Signature
/s/ Megan C. Preneta, Attorney-in-Fact for Andrew R. Heyer
Stock symbol
LOVE
Transactions as of
Jun 1, 2023
Transactions value $
$0
Form type
4
Date filed
6/5/2023, 04:05 PM
Previous filing
May 19, 2023
Next filing
Jul 3, 2023

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 +2.41K +1.05% $0.00 231K Jun 2, 2023 Direct F1
transaction LOVE Common Stock, par value $0.00001 Options Exercise $0 +2.03K +0.88% $0.00 233K Jun 2, 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 +5K $0.00 5K Jun 1, 2023 Common Stock 5K Direct F3, F4
transaction LOVE Restricted Stock Units Options Exercise $0 -2.41K -100% $0.00* 0 Jun 2, 2023 Common Stock 2.41K Direct F1, F3
transaction LOVE Restricted Stock Units Options Exercise $0 -2.03K -100% $0.00* 0 Jun 2, 2023 Common Stock 2.03K 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 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 restricted stock unit 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.