Vineet Mehra - 01 Jul 2023 Form 4 Insider Report for Lovesac Co (LOVE)

Role
Director
Signature
/s/ Megan C. Preneta, Attorney-in-Fact for Vineet Mehra
Issuer symbol
LOVE
Transactions as of
01 Jul 2023
Net transactions value
$0
Form type
4
Filing time
05 Jul 2023, 16:28:24 UTC
Previous filing
05 Jun 2023
Next filing
04 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOVE Common Stock, par value $0.00001 Options Exercise $0 +2,977 $0.000000 2,977 01 Jul 2023 Direct F1
transaction LOVE Common Stock, par value $0.00001 Options Exercise $0 +940 +32% $0.000000 3,917 01 Jul 2023 Direct F2
transaction LOVE Common Stock, par value $0.00001 Options Exercise $0 +1,567 +40% $0.000000 5,484 01 Jul 2023 Direct F3

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 Options Exercise $0 -2,977 -100% $0.000000* 0 01 Jul 2023 Common Stock 2,977 Direct F1, F4
transaction LOVE Restricted Stock Units Options Exercise $0 -940 -50% $0.000000 940 01 Jul 2023 Common Stock 940 Direct F2, F4
transaction LOVE Restricted Stock Units Options Exercise $0 -1,567 -100% $0.000000* 0 01 Jul 2023 Common Stock 1,567 Direct F3, F4
* 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 time-based restricted stock units ("RSUs") granted on July 1, 2022.
F2 On July 1, 2022, the Reporting Person received a grant pf 1,880 RSUs, which vest in two installments on the first and second anniversaries of the grant date.
F3 Represents RSUs elected by the Reporting Person in lieu of the Reporting Person's cash retainer for service on the Issuer's board of directors for fiscal 2023, of which 100% are subject to vesting on July 1, 2023.
F4 Each time-based RSU represents the contingent right to receive, upon vesting and settlement of the RSU, one share of the Issuer's common stock.