Shawn Nelson - Jun 5, 2022 Form 4 Insider Report for Lovesac Co (LOVE)

Role
Chief Executive Officer, Director
Signature
/s/ Megan C. Preneta, as Attorney-in-Fact for Shawn Nelson
Stock symbol
LOVE
Transactions as of
Jun 5, 2022
Transactions value $
-$373,533
Form type
4
Date filed
6/7/2022, 05:05 PM
Previous filing
Apr 21, 2022
Next filing
Jul 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOVE Common Stock, $0.00001 par value Tax liability -$44K -1.21K -0.8% $36.35 150K Jun 5, 2022 Direct F1
transaction LOVE Common Stock, $0.00001 par value Tax liability -$118K -3.24K -2.15% $36.35 147K Jun 5, 2022 Direct F2
transaction LOVE Common Stock, $0.00001 par value Tax liability -$25.1K -661 -0.45% $38.00 147K Jun 7, 2022 Direct F3
transaction LOVE Common Stock, $0.00001 par value Award $0 +2.67K +1.82% $0.00 149K Jun 5, 2022 Direct F4
transaction LOVE Common Stock, $0.00001 par value Tax liability -$44K -1.21K -0.81% $36.35 148K Jun 5, 2022 Direct F5
transaction LOVE Common Stock, $0.00001 par value Award $0 +7.14K +4.83% $0.00 155K Jun 5, 2022 Direct F6
transaction LOVE Common Stock, $0.00001 par value Tax liability -$118K -3.24K -2.09% $36.35 152K Jun 5, 2022 Direct F7
transaction LOVE Common Stock, $0.00001 par value Award $0 +1.46K +0.96% $0.00 153K Jun 7, 2022 Direct F8
transaction LOVE Common Stock, $0.00001 par value Tax liability -$25.1K -661 -0.43% $38.00 153K Jun 7, 2022 Direct F9
holding LOVE Common Stock, $0.00001 par value 72.9K Jun 5, 2022 The LPDV Holding Trust F10

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 Jun 5, 2022 Common Stock 2.67K Direct F4, F11
transaction LOVE Restricted Stock Units Options Exercise $0 -7.14K -49.99% $0.00 7.15K Jun 5, 2022 Common Stock 7.14K Direct F6, F11
transaction LOVE Restricted Stock Units Options Exercise $0 -1.46K -33.32% $0.00 2.92K Jun 7, 2022 Common Stock 1.46K Direct F8, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the third tranche of performance-based restricted stock units ("RSUs") granted on June 5, 2019 that vested on March 24, 2022. No shares were sold.
F2 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the second tranche of performance-based RSUs granted on June 5, 2020 that vested on March 24, 2022. No shares were sold.
F3 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of performance-based RSUs granted on June 7, 2021 that vested on March 24, 2022. No shares were sold.
F4 The reported shares were acquired upon the vesting of the third tranche of time-based RSUs granted on June 5, 2019.
F5 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of the third tranche of time-based RSUs granted on June 5, 2019. No shares were sold.
F6 The reported shares were acquired upon the vesting of the second tranche of time-based RSUs granted on June 5, 2020.
F7 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of the second tranche of time-based RSUs granted on June 5, 2020. No shares were sold.
F8 The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on June 7, 2021.
F9 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of the first tranche of time-based RSUs granted on June 7, 2021. No shares were sold.
F10 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.
F11 Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.