Keith R. Siegner - Apr 15, 2024 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
Apr 15, 2024
Transactions value $
$0
Form type
4
Date filed
4/16/2024, 04:32 PM
Previous filing
Jun 30, 2023
Next filing
Apr 23, 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 +17.7K $0.00 17.7K Apr 15, 2024 Common Stock 17.7K Direct F1, F2
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +17.7K $0.00 17.7K Apr 15, 2024 Common Stock 17.7K Direct F1, F2
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +32.7K $0.00 32.7K Apr 15, 2024 Common Stock 32.7K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
F2 On April 15, 2024, the Reporting Person received a grant of 35,360 RSUs, of which (a) 50% vest in three equal installments on the first, second and third anniversaries of the grant date, and (b) 50% vest in three tranches with each tranche eligible to vest based on the Issuer's achievements of certain financial performance targets for the applicable performance period.
F3 On April 15, 2024, the Reporting Person received a grant of RSUs which vest in a single tranche based on the Issuer's achievements of certain stretch financial performance targets for the performance period.