Shawn Nelson - Jun 11, 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
Jun 11, 2024
Transactions value $
$0
Form type
4
Date filed
6/13/2024, 04:45 PM
Previous filing
Jun 11, 2024
Next filing
Jun 21, 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 +28.8K $0.00 28.8K Jun 11, 2024 Common Stock 28.8K $0.00 Direct F1, F2
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +28.8K $0.00 28.8K Jun 11, 2024 Common Stock 28.8K Direct F1, F3
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +59.6K $0.00 59.6K Jun 11, 2024 Common Stock 59.6K Direct F1, F4
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +38K $0.00 38K Jun 11, 2024 Common Stock 38K Direct F1, F4
* 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 The Reporting Person received a grant of RSUs which vest in three equal installments on the first, second and third anniversaries of the grant date.
F3 The Reporting Person received a grant of RSUs which vest in three tranches on the first, second and third anniversaries of the grant date based on Issuer's achievements of certain financial performance targets for the applicable performance period.
F4 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.