Jack A. Krause - 05 Jun 2022 Form 4 Insider Report for Lovesac Co (LOVE)

Reporting relationship: Chief Strategy Officer, Director
Issuer ticker: LOVE
Reported as of: 05 Jun 2022
Net transaction value: -$380,040
SEC form: 4
Accepted by SEC: 07 Jun 2022, 17:17:57 UTC
Prior SEC filing: 21 Apr 2022
Next SEC filing: 22 Dec 2022
Source filing: View source filing
Reporting owner signature: /s/ Megan C. Preneta, as Attorney-in-Fact for Jack A. Krause

Key filing fact

Jack A. Krause filed Form 4 for Lovesac Co (LOVE) on 07 Jun 2022.

Key facts

This page summarizes Jack A. Krause's Form 4 filing for Lovesac Co (LOVE).
12 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 07 Jun 2022, 17:17.

Change

Previous filing in this sequence was filed on 21 Apr 2022.
Current net transaction value: -$380,040.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LOVE transaction

Common Stock, $0.00001 par value

Tax liability

Transaction value: $44,747
Shares: -1,231
Change %: -1.1%
Price: $36.35
Shares after: 115,367
Date: 05 Jun 2022
Ownership: Direct
Footnotes: F1

LOVE transaction

Common Stock, $0.00001 par value

Tax liability

Transaction value: $119,737
Shares: -3,294
Change %: -2.9%
Price: $36.35
Shares after: 112,073
Date: 05 Jun 2022
Ownership: Direct
Footnotes: F2

LOVE transaction

Common Stock, $0.00001 par value

Tax liability

Transaction value: $25,536
Shares: -672
Change %: -0.6%
Price: $38.00
Shares after: 111,401
Date: 07 Jun 2022
Ownership: Direct
Footnotes: F3

LOVE transaction

Common Stock, $0.00001 par value

Award

Transaction value: $0
Shares: +2,669
Change %: +2.4%
Price: $0.000000
Shares after: 114,070
Date: 05 Jun 2022
Ownership: Direct
Footnotes: F4

LOVE transaction

Common Stock, $0.00001 par value

Tax liability

Transaction value: $44,747
Shares: -1,231
Change %: -1.1%
Price: $36.35
Shares after: 112,839
Date: 05 Jun 2022
Ownership: Direct
Footnotes: F5

LOVE transaction

Common Stock, $0.00001 par value

Award

Transaction value: $0
Shares: +7,144
Change %: +6.3%
Price: $0.000000
Shares after: 119,983
Date: 05 Jun 2022
Ownership: Direct
Footnotes: F6

LOVE transaction

Common Stock, $0.00001 par value

Tax liability

Transaction value: $119,737
Shares: -3,294
Change %: -2.7%
Price: $36.35
Shares after: 116,689
Date: 05 Jun 2022
Ownership: Direct
Footnotes: F7

LOVE transaction

Common Stock, $0.00001 par value

Award

Transaction value: $0
Shares: +1,457
Change %: +1.2%
Price: $0.000000
Shares after: 118,146
Date: 07 Jun 2022
Ownership: Direct
Footnotes: F8

LOVE transaction

Common Stock, $0.00001 par value

Tax liability

Transaction value: $25,536
Shares: -672
Change %: -0.57%
Price: $38.00
Shares after: 117,474
Date: 07 Jun 2022
Ownership: Direct
Footnotes: F9

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LOVE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,669
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 05 Jun 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,669
Exercise price
Footnotes: F4, F10

LOVE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -7,144
Change %: -50%
Price: $0.000000
Shares after: 7,146
Date: 05 Jun 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,144
Exercise price
Footnotes: F6, F10

LOVE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -1,457
Change %: -33%
Price: $0.000000
Shares after: 2,916
Date: 07 Jun 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,457
Exercise price
Footnotes: F8, F10

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F4

The reported shares were acquired upon the vesting of the third tranche of time-based RSUs granted on June 5, 2019.

Footnote 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.

Footnote F6

The reported shares were acquired upon the vesting of the second tranche of time-based RSUs granted on June 5, 2020.

Footnote 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.

Footnote F8

The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on June 7, 2021.

Footnote 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.

Footnote F10

Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.