Keith R. Siegner - Jun 30, 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
Stock symbol
LOVE
Transactions as of
Jun 30, 2023
Transactions value $
$0
Form type
4
Date filed
6/30/2023, 04:11 PM
Next filing
Apr 16, 2024

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 +9.57K $0.00 9.57K Jun 30, 2023 Common Stock 9.57K Direct F1, F2
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +9.57K +100% $0.00 19.1K Jun 30, 2023 Common Stock 9.57K 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.