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

Role
Chief Strategy Officer, Director
Signature
/s/ Megan C. Preneta, as Attorney-in-Fact for Jack A. Krause
Issuer symbol
LOVE
Transactions as of
05 Jun 2022
Net transactions value
-$380,040
Form type
4
Filing time
07 Jun 2022, 17:17:57 UTC
Previous filing
21 Apr 2022
Next filing
22 Dec 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 Tax liability $44,747 -1,231 -1.1% $36.35 115,367 05 Jun 2022 Direct F1
transaction LOVE Common Stock, $0.00001 par value Tax liability $119,737 -3,294 -2.9% $36.35 112,073 05 Jun 2022 Direct F2
transaction LOVE Common Stock, $0.00001 par value Tax liability $25,536 -672 -0.6% $38.00 111,401 07 Jun 2022 Direct F3
transaction LOVE Common Stock, $0.00001 par value Award $0 +2,669 +2.4% $0.000000 114,070 05 Jun 2022 Direct F4
transaction LOVE Common Stock, $0.00001 par value Tax liability $44,747 -1,231 -1.1% $36.35 112,839 05 Jun 2022 Direct F5
transaction LOVE Common Stock, $0.00001 par value Award $0 +7,144 +6.3% $0.000000 119,983 05 Jun 2022 Direct F6
transaction LOVE Common Stock, $0.00001 par value Tax liability $119,737 -3,294 -2.7% $36.35 116,689 05 Jun 2022 Direct F7
transaction LOVE Common Stock, $0.00001 par value Award $0 +1,457 +1.2% $0.000000 118,146 07 Jun 2022 Direct F8
transaction LOVE Common Stock, $0.00001 par value Tax liability $25,536 -672 -0.57% $38.00 117,474 07 Jun 2022 Direct F9

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 05 Jun 2022 Common Stock 2,669 Direct F4, F10
transaction LOVE Restricted Stock Units Options Exercise $0 -7,144 -50% $0.000000 7,146 05 Jun 2022 Common Stock 7,144 Direct F6, F10
transaction LOVE Restricted Stock Units Options Exercise $0 -1,457 -33% $0.000000 2,916 07 Jun 2022 Common Stock 1,457 Direct F8, F10
* 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 Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.