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

Role
President and COO
Signature
/s/ Megan C. Preneta, Attorney-in-Fact
Stock symbol
LOVE
Transactions as of
Nov 18, 2021
Transactions value $
$0
Form type
4
Date filed
11/26/2021, 03:42 PM
Previous filing
Jun 8, 2021
Next filing
Dec 3, 2021

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 +9.67K $0.00 9.67K Nov 18, 2021 Common Stock 9.67K $0.00 Direct F1, F2
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +9.66K +99.99% $0.00 19.3K Nov 18, 2021 Common Stock 9.66K $0.00 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.