Keith R. Siegner - 30 Jun 2023 Form 4 Insider Report for Lovesac Co (LOVE)

Role
EVP and CFO
Signature
/s/ Megan C. Preneta, as Attorney-in-Fact for Keith R. Siegner
Issuer symbol
LOVE
Transactions as of
30 Jun 2023
Net transactions value
$0
Form type
4
Filing time
30 Jun 2023, 16:11:43 UTC
Next filing
14 Jun 2024
SEC
View on sec.gov

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 Award $0 +9,566 $0.000000 9,566 30 Jun 2023 Common Stock 9,566 Direct F1, F2
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +9,566 +100% $0.000000 19,132 30 Jun 2023 Common Stock 9,566 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 June 30, 2023, the Reporting Person received a grant of 19,132 RSUs, of which (a) 50% vest in four equal installments on the first, second, third and fourth anniversaries of the grant date, and (b) 50% vest in four equal tranches with each tranche eligible to vest based on the Issuer's achievement of certain financial performance targets for the applicable performance period.