Keith R. Siegner - 15 Apr 2025 Form 4 Insider Report for Lovesac Co (LOVE)

Signature
/s/ Megan C. Preneta, as Attorney-in-Fact for Keith R. Siegner
Issuer symbol
LOVE
Transactions as of
15 Apr 2025
Net transactions value
$0
Form type
4
Filing time
17 Apr 2025, 17:24:06 UTC
Previous filing
07 Apr 2025
Next filing
12 Jun 2025

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 +23,143 $0.000000 23,143 15 Apr 2025 Common Stock 23,143 Direct F1, F2
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +23,143 $0.000000 23,143 15 Apr 2025 Common Stock 23,143 Direct F1, F2
transaction LOVE Restricted Stock Units (Performance-based Vesting) Disposed to Issuer $0 -3,188 -33% $0.000000 6,378 15 Apr 2025 Common Stock 3,188 Direct F1, F3
* 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 of the RSU, one share of the Issuer's common stock.
F2 On April 15, 2025, the Reporting Person received a grant of 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 based on the Issuer's achievements with respect to certain financial performance targets for the performance period and are payable in three equal installments on the first, second and third anniversaries of the grant date.
F3 Reflects performance-based RSUs granted on June 30, 2023 which were unearned and forfeited.