Shawn Nelson - 07 Jun 2024 Form 4 Insider Report for Lovesac Co (LOVE)

Signature
/s/ Megan C. Preneta, as Attorney-in-Fact for Shawn Nelson
Issuer symbol
LOVE
Transactions as of
07 Jun 2024
Transactions value $
-$17,424
Form type
4
Date filed
11 Jun 2024, 16:55
Previous filing
14 Jun 2024
Next filing
13 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOVE Common Stock, $0.00001 par value Options Exercise $0 +1.46K +0.79% $0.00 186K 07 Jun 2024 Direct F1
transaction LOVE Common Stock, $0.00001 par value Tax liability -$17.4K -661 -0.36% $26.36 185K 07 Jun 2024 Direct F2
holding LOVE Common Stock, $0.00001 par value 52.1K 07 Jun 2024 The LPDV Holding Trust 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 -1.46K -100% $0.00* 0 07 Jun 2024 Common Stock 1.46K Direct F1, F4
transaction LOVE Restricted Stock Units (Performance-based Vesting) Disposed to Issuer $0 -1.46K -100% $0.00* 0 07 Jun 2024 Common Stock 1.46K Direct F4, F5
* 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 the third tranche of time-based restricted stock units ("RSUs") that were granted on June 7, 2021.
F2 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the third tranche of time-based RSUs granted on June 7, 2021. No shares were sold.
F3 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.
F4 Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
F5 Reflects performance-based RSUs granted on June 7, 2021 which were forfeited and cancelled.