Albert Jack Krause - Mar 23, 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
Stock symbol
LOVE
Transactions as of
Mar 23, 2023
Transactions value $
$0
Form type
4
Date filed
3/27/2023, 04:38 PM
Previous filing
Dec 22, 2022
Next filing
Apr 18, 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 +19.42% $0.00 152K Mar 23, 2023 Direct
transaction LOVE Common Stock, $0.00001 par value Award $0 +7.15K +4.69% $0.00 159K Mar 23, 2023 Direct
transaction LOVE Common Stock, $0.00001 par value Award $0 +1.46K +0.91% $0.00 161K Mar 23, 2023 Direct
transaction LOVE Common Stock, $0.00001 par value Award $0 +2.77K +1.72% $0.00 164K Mar 23, 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 -24.8K -100% $0.00* 0 Mar 23, 2023 Common Stock 24.8K Direct F1, F2
transaction LOVE Restricted Stock Units Options Exercise $0 -7.15K -100% $0.00* 0 Mar 23, 2023 Common Stock 7.15K Direct F1, F3
transaction LOVE Restricted Stock Units Options Exercise $0 -1.46K -49.98% $0.00 1.46K Mar 23, 2023 Common Stock 1.46K Direct F1, F4
transaction LOVE Restricted Stock Units Options Exercise $0 -2.77K -33.33% $0.00 5.54K Mar 23, 2023 Common Stock 2.77K 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.