Albert Jack Krause - Mar 24, 2022 Form 4 Insider Report for Lovesac Co (LOVE)

Role
Chief Strategy Officer, Director
Signature
/s/ Megan C. Preneta, Attorney-in-Fact
Stock symbol
LOVE
Transactions as of
Mar 24, 2022
Transactions value $
$0
Form type
4
Date filed
3/28/2022, 04:05 PM
Previous filing
Jan 18, 2022
Next filing
Apr 21, 2022

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 +2.53% $0.00 108K Mar 24, 2022 Direct
transaction LOVE Common Stock, $0.00001 par value Award $0 +7.14K +6.61% $0.00 115K Mar 24, 2022 Direct
transaction LOVE Common Stock, $0.00001 par value Award $0 +1.46K +1.27% $0.00 117K Mar 24, 2022 Direct

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 Mar 24, 2022 Common Stock 2.67K Direct F1, F2
transaction LOVE Restricted Stock Units Options Exercise $0 -7.14K -50% $0.00 7.15K Mar 24, 2022 Common Stock 7.14K Direct F1, F3
transaction LOVE Restricted Stock Units Options Exercise $0 -1.46K -33.33% $0.00 2.92K Mar 24, 2022 Common Stock 1.46K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the contingent right to receive one share of the Issuer's Common Stock.
F2 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.
F3 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.
F4 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.