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

Role: Chief Strategy Officer, Director
Signature: /s/ Megan C. Preneta, Attorney-in-Fact
Issuer symbol: LOVE
Transactions as of: 24 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 28 Mar 2022, 16:05:25 UTC
Previous filing: 18 Jan 2022
Next filing: 21 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	+2,669	+2.5%	$0.000000	107,997	24 Mar 2022	Direct
transaction	LOVE	Common Stock, $0.00001 par value	Award	$0	+7,144	+6.6%	$0.000000	115,141	24 Mar 2022	Direct
transaction	LOVE	Common Stock, $0.00001 par value	Award	$0	+1,457	+1.3%	$0.000000	116,598	24 Mar 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	-2,669	-100%	$0.000000^*	0	24 Mar 2022	Common Stock	2,669		Direct	F1, F2
transaction	LOVE	Restricted Stock Units	Options Exercise	$0	-7,144	-50%	$0.000000	7,145	24 Mar 2022	Common Stock	7,144		Direct	F1, F3
transaction	LOVE	Restricted Stock Units	Options Exercise	$0	-1,457	-33%	$0.000000	2,915	24 Mar 2022	Common Stock	1,457		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.