Shawn Nelson - Mar 23, 2023 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: Mar 23, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/27/2023, 04:30 PM
Previous filing: Jan 3, 2023
Next filing: Mar 29, 2023

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	+24.8K	+16.22%	$0.00	177K	Mar 23, 2023	Direct
transaction	LOVE	Common Stock, $0.00001 par value	Award	$0	+7.15K	+4.03%	$0.00	185K	Mar 23, 2023	Direct
transaction	LOVE	Common Stock, $0.00001 par value	Award	$0	+1.46K	+0.79%	$0.00	186K	Mar 23, 2023	Direct
transaction	LOVE	Common Stock, $0.00001 par value	Award	$0	+2.77K	+1.49%	$0.00	189K	Mar 23, 2023	Direct
holding	LOVE	Common Stock, $0.00001 par value						61.8K	Mar 23, 2023	The LPDV Holding Trust	F1

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	-24.8K	-100%	$0.00^*	0	Mar 23, 2023	Common Stock	24.8K		Direct	F2, F3
transaction	LOVE	Restricted Stock Units	Options Exercise	$0	-7.15K	-100%	$0.00^*	0	Mar 23, 2023	Common Stock	7.15K		Direct	F2, F4
transaction	LOVE	Restricted Stock Units	Options Exercise	$0	-1.46K	-49.98%	$0.00	1.46K	Mar 23, 2023	Common Stock	1.46K		Direct	F2, F5
transaction	LOVE	Restricted Stock Units	Options Exercise	$0	-2.77K	-33.33%	$0.00	5.54K	Mar 23, 2023	Common Stock	2.77K		Direct	F2, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	Each restricted stock unit ("RSU") represents the contingent right to receive, upon settlement of the RSU, one share of the Issuer's Common Stock.
F3	The reported shares will be settled on May 17, 2023 upon the vesting 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 5, 2023 upon the vesting of the third 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.
F5	The reported shares will be settled on June 7, 2023 upon the vesting of the second 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.
F6	The reported shares will be settled on April 15, 2023 upon the vesting of the first tranche of performance based RSUs granted on April 15, 2022 based on the Issuer's achievements with respect to certain financial performance metrics for the applicable performance period.