Mary Fox - May 26, 2023 Form 4 Insider Report for Lovesac Co (LOVE)

Role
President and COO
Signature
/s/ Megan C. Preneta, as Attorney-in-Fact for Mary Fox
Stock symbol
LOVE
Transactions as of
May 26, 2023
Transactions value $
$0
Form type
4
Date filed
5/26/2023, 04:20 PM
Previous filing
Apr 18, 2023
Next filing
Nov 20, 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 +72.2K $0.00 72.2K May 26, 2023 Common Stock 72.2K 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 and settlement of the RSU, one share of the Issuer's common stock.
F2 On May 26, 2023, the Reporting Person received a grant of RSUs which vest in a single tranche based on the Issuer's achievements of certain stretch financial performance targets for the performance period.