Shawn Nelson - Jun 5, 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: Jun 5, 2023
Transactions value $: -$148,019
Form type: 4
Date filed: 6/7/2023, 04:25 PM
Previous filing: May 22, 2023
Next filing: Jun 8, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOVE	Common Stock, $0.00001 par value	Options Exercise	$0	+7.15K	+3.65%	$0.00	203K	Jun 5, 2023	Direct	F1
transaction	LOVE	Common Stock, $0.00001 par value	Tax liability	-$74K	-3.24K	-1.6%	$22.86	199K	Jun 5, 2023	Direct	F2
transaction	LOVE	Common Stock, $0.00001 par value	Options Exercise	$0	+7.15K	+3.58%	$0.00	207K	Jun 5, 2023	Direct	F3
transaction	LOVE	Common Stock, $0.00001 par value	Tax liability	-$74K	-3.24K	-1.57%	$22.86	203K	Jun 5, 2023	Direct	F4
holding	LOVE	Common Stock, $0.00001 par value						55.8K	Jun 5, 2023	The LPDV Holding Trust	F5

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)	Options Exercise	$0	-7.15K	-100%	$0.00^*	0	Jun 5, 2023	Common Stock	7.15K		Direct	F1, F6
transaction	LOVE	Restricted Stock Units	Options Exercise	$0	-7.15K	-100%	$0.00^*	0	Jun 5, 2023	Common Stock	7.15K		Direct	F3, F6

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

Explanation of Responses:

Id	Content
F1	The reported shares were acquired upon the vesting of the third tranche of performance-based restricted stock units ("RSUs") granted on June 5, 2020.
F2	The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the third tranche of performance-based RSUs granted on June 5, 2020. No shares were sold.
F3	The reported shares were acquired upon the vesting of the third tranche of time-based RSUs granted on June 5, 2020.
F4	The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the third tranche of time-based RSUs granted on June 5, 2020. No shares were sold.
F5	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.
F6	Each restricted stock unit represents the contingent right to receive, upon vesting and settlement of the RSU, one share of the Issuer's Common Stock.