Shawn Nelson - Mar 15, 2024 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
Stock symbol: LOVE
Transactions as of: Mar 15, 2024
Transactions value $: -$134,613
Form type: 4
Date filed: 3/18/2024, 04:42 PM
Previous filing: Dec 14, 2023
Next filing: Apr 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LOVE	Common Stock, $0.00001 par value	Sale	-$135K	-6K	-3.23%	$22.44	180K	Mar 15, 2024	Direct	F1
holding	LOVE	Common Stock, $0.00001 par value						52.1K	Mar 15, 2024	The LPDV Holding Trust	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.27 to $22.72. The reporting person undertakes to provide to The Lovesac Company, any security holder of The Lovesac Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1).
F2	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.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.27 to $22.72. The reporting person undertakes to provide to The Lovesac Company, any security holder of The Lovesac Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1).

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.