Shawn Nelson - 24 Mar 2022 Form 4 Insider Report for Lovesac Co (LOVE)

Role
Chief Executive Officer, Director
Signature
/s/ Megan C. Preneta, Attorney-in-Fact
Issuer symbol
LOVE
Transactions as of
24 Mar 2022
Transactions value $
$0
Form type
4
Date filed
28 Mar 2022, 16:03
Previous filing
20 Dec 2021
Next filing
07 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOVE Common Stock, $0.00001 par value Award $0 +2.67K +1.9% $0.00 143K 24 Mar 2022 Direct
transaction LOVE Common Stock, $0.00001 par value Award $0 +7.14K +5% $0.00 150K 24 Mar 2022 Direct
transaction LOVE Common Stock, $0.00001 par value Award $0 +1.46K +0.97% $0.00 152K 24 Mar 2022 Direct
holding LOVE Common Stock, $0.00001 par value 79.9K 24 Mar 2022 The LPDV Holding Trust F1

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 Options Exercise $0 -2.67K -100% $0.00* 0 24 Mar 2022 Common Stock 2.67K Direct F2, F3
transaction LOVE Restricted Stock Units Options Exercise $0 -7.14K -50% $0.00 7.15K 24 Mar 2022 Common Stock 7.14K Direct F2, F4
transaction LOVE Restricted Stock Units Options Exercise $0 -1.46K -33.33% $0.00 2.92K 24 Mar 2022 Common Stock 1.46K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares are held by The LDPV Holding Trust, dated October 1, 2018, of which the reporting person's spouse is trustee and the reporting person has sole authority over the disposition of the shares of the Issuer held by the trust.
F2 Each restricted stock unit ("RSU") represents the contingent right to receive one share of the Issuer's Common Stock.
F3 The reported shares will be settled on June 5, 2022 upon the vesting of the third tranche of performance-based RSUs granted on June 5, 2019 based on the Issuer's achievements with respect to certain financial performance metrics for the applicable performance period.
F4 The reported shares will be settled on June 5, 2022 upon the vesting of the second tranche of performance-based RSUs granted on June 5, 2020 based on the Issuer's achievements with respect to certain financial performance metrics for the applicable performance period.
F5 The reported shares will be settled on June 7, 2022 upon the vesting of the first tranche of performance-based RSUs granted on June 7, 2021 based on the Issuer's achievements with respect to certain financial performance metrics for the applicable performance period.