Albert Jack Krause - 23 Mar 2023 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: 23 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 27 Mar 2023, 16:38:11 UTC
Previous filing: 22 Dec 2022
Next filing: 18 Apr 2023
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	+24,759	+19%	$0.000000	152,233	23 Mar 2023	Direct
transaction	LOVE	Common Stock, $0.00001 par value	Award	$0	+7,145	+4.7%	$0.000000	159,378	23 Mar 2023	Direct
transaction	LOVE	Common Stock, $0.00001 par value	Award	$0	+1,457	+0.91%	$0.000000	160,835	23 Mar 2023	Direct
transaction	LOVE	Common Stock, $0.00001 par value	Award	$0	+2,772	+1.7%	$0.000000	163,607	23 Mar 2023	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	-24,759	-100%	$0.000000^*	0	23 Mar 2023	Common Stock	24,759		Direct	F1, F2
transaction	LOVE	Restricted Stock Units	Options Exercise	$0	-7,145	-100%	$0.000000^*	0	23 Mar 2023	Common Stock	7,145		Direct	F1, F3
transaction	LOVE	Restricted Stock Units	Options Exercise	$0	-1,457	-50%	$0.000000	1,458	23 Mar 2023	Common Stock	1,457		Direct	F1, F4
transaction	LOVE	Restricted Stock Units	Options Exercise	$0	-2,772	-33%	$0.000000	5,544	23 Mar 2023	Common Stock	2,772		Direct	F1, F5

* 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, upon vesting and settlement of the RSU, one share of Issuer's common stock.
F2	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.
F3	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.
F4	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.
F5	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.