Form 4 for LVLU Lulu's Fashion Lounge Holdings, Inc.
Accepted 2024-01-10 00:00:00 ET · period of report 2024-01-09 · accession 0001104659-24-002765 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-01-10 | 2024-01-09 | LVLU | Vos Mark | Pres, CIO | A - Grant | $0.00 | +660.0K | 1.23M | +115% | $0 |
| D | 2024-01-10 | 2024-01-09 | LVLU | Vos Mark | Pres, CIO | A - Grant | $0.00 | +300.0K | 300.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-01-09 | A | A | 300,000 | $0.00 | 873,458 | D | — | — | (F1) Represents restricted stock units ("RSUs"), each of which represent a contingent right to receive one share of Lulu's Fashion Lounge Holdings, Inc.'s (the "Company") common stock, of which 100,000 RSUs vested on January 9, 2024 and the remaining 200,000 RSUs will vest in eight, equal quarterly installments beginning on March 31, 2024. |
| 2 | Common | Common Stock | 2024-01-09 | A | A | 360,000 | $0.00 | 1,233,458 | D | — | — | (F2) Represents RSUs, each of which represent a contingent right to receive one share of the Company's common stock, which vest in four, equal quarterly installments beginning on March 31, 2024. |
| 3 | Derivative | Performance Stock Units | 2024-01-09 | A | A | 300,000 | $0.00 | 300,000 | D | — · — to — | 300,000 Common Stock | (F3) Represents performance stock units ("PSUs"), each of which represent a contingent right to receive one share of the Company's common stock. The PSUs vest on the date when both of the following have occurred: (i) Performance Achievement: the Volume-Weighted Average Price ("VWAP") of the Company's common stock over trailing ten (10) trading days equals or exceeds $7.50 on a date when Mr. Vos remains employed by the Company or within ninety (90) days following termination of Mr. Vos' employment; and (ii) Service Achievement: Mr. Vos remains employed with the Company through December 31, 2024. |