Mary Fox - 18 Nov 2021 Form 4 Insider Report for Lovesac Co (LOVE)

Role
President and COO
Signature
/s/ Megan C. Preneta, Attorney-in-Fact
Issuer symbol
LOVE
Transactions as of
18 Nov 2021
Net transactions value
$0
Form type
4
Filing time
26 Nov 2021, 15:42:51 UTC
Previous filing
08 Jun 2021
Next filing
03 Dec 2021
SEC
View on sec.gov

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 +9,665 $0.000000 9,665 18 Nov 2021 Common Stock 9,665 $0.000000 Direct F1, F2
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +9,664 +100% $0.000000 19,329 18 Nov 2021 Common Stock 9,664 $0.000000 Direct F1, F2
* 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 one share of the Issuer's Common Stock.
F2 On November 18, 2021, the Reporting Person received a grant of 19,329 RSUs, of which (a) 50% vest in four equal installments on the first, second, third and fourth anniversaries of the grant date, and (b) 50% vest in four equal tranches with each tranche eligible to vest based on the Issuer's achievement of certain financial performance targets for the applicable performance period.