Albert Jack Krause - Jun 5, 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
Jun 5, 2023
Transactions value $
-$150,625
Form type
4
Date filed
6/7/2023, 04:26 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 +4.03% $0.00 184K Jun 5, 2023 Direct F1
transaction LOVE Common Stock, $0.00001 par value Tax liability -$75.3K -3.29K -1.79% $22.86 181K Jun 5, 2023 Direct F2
transaction LOVE Common Stock, $0.00001 par value Options Exercise $0 +7.15K +3.95% $0.00 188K Jun 5, 2023 Direct F3
transaction LOVE Common Stock, $0.00001 par value Tax liability -$75.3K -3.3K -1.75% $22.86 185K Jun 5, 2023 Direct F4

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) Disposed to Issuer $0 -7.15K -100% $0.00* 0 Jun 5, 2023 Common Stock 7.15K Direct F1, F5
transaction LOVE Restricted Stock Units Disposed to Issuer $0 -7.15K -100% $0.00* 0 Jun 5, 2023 Common Stock 7.15K Direct F3, F5
* 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 Each RSU represents the contingent right to receive, upon vesting and settlement of the RSU, one share of the Issuer's Common Stock.