Shawn Nelson - 05 Jun 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
Issuer symbol
LOVE
Transactions as of
05 Jun 2023
Transactions value $
-$148,019
Form type
4
Filing time
07 Jun 2023, 16:25:01 UTC
Previous filing
22 May 2023
Next filing
08 Jun 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 Options Exercise $0 +7.15K +3.65% $0.00 203K 05 Jun 2023 Direct F1
transaction LOVE Common Stock, $0.00001 par value Tax liability -$74K -3.24K -1.6% $22.86 199K 05 Jun 2023 Direct F2
transaction LOVE Common Stock, $0.00001 par value Options Exercise $0 +7.15K +3.58% $0.00 207K 05 Jun 2023 Direct F3
transaction LOVE Common Stock, $0.00001 par value Tax liability -$74K -3.24K -1.57% $22.86 203K 05 Jun 2023 Direct F4
holding LOVE Common Stock, $0.00001 par value 55.8K 05 Jun 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 05 Jun 2023 Common Stock 7.15K Direct F1, F6
transaction LOVE Restricted Stock Units Options Exercise $0 -7.15K -100% $0.00* 0 05 Jun 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.