Shawn Nelson - Mar 27, 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 27, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/29/2023, 05:43 PM
Previous filing: Mar 27, 2023
Next filing: Apr 7, 2023

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 (Performance-based Vesting)	Award	$0	+235K		$0.00	235K	Mar 27, 2023	Common Stock	235K		Direct	F1, F2

* 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 of the RSU, one share of the Issuer's common stock.
F2	On March 27, 2023, the Reporting Person received a grant of 235,000 performance based RSUs which vest in a single tranche subject to the Issuer's achievements of certain financial performance targets and the Reporting Person's continued service, subject to accelerated vesting in connection with certain qualifying terminations of service. The performance based RSUs settle in shares of the Issuer's common stock on the first anniversary of the applicable vesting date, subject to earlier settlement in certain limited circumstances.

Content

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

On March 27, 2023, the Reporting Person received a grant of 235,000 performance based RSUs which vest in a single tranche subject to the Issuer's achievements of certain financial performance targets and the Reporting Person's continued service, subject to accelerated vesting in connection with certain qualifying terminations of service. The performance based RSUs settle in shares of the Issuer's common stock on the first anniversary of the applicable vesting date, subject to earlier settlement in certain limited circumstances.