Form 4 for LOVE Lovesac Co
Accepted 2022-03-01 00:00:00 ET · period of report 2022-02-25 · accession 0001628280-22-004620 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-01 | 2022-02-25 | LOVE | Fox Mary | Pres, COO | M - OptEx | $0.00 | +1,168 | 5,294 | +28% | $0 |
| D | 2022-03-01 | 2022-02-25 | LOVE | Fox Mary | Pres, COO | F - Tax | $0.00 | -621 | 4,673 | -12% | $0 |
| D | 2022-03-01 | 2022-02-25 | LOVE | Fox Mary | Pres, COO | M - OptEx | $0.00 | -3,245 | 0 | -100% | $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, $0.00001 par value | 2022-02-25 | M | A | 1,168 | $0.00 | 5,294 | D | — | — | (F1) The reported shares were acquired upon the vesting of time-vesting restricted stock units ("RSUs") granted to the Reporting Person on February 25, 2020 in connection with her appointment to the Issuer's Board of Directors. In connection with the Reporting Person's resignation from the Board and appointment to the role of President and COO of the Issuer on November 15, 2021, the Board of Directors of the Issuer determined the Reporting Person would retain a pro-rated number of the reported RSUs and the remainder of the RSUs would be forfeited for no consideration. |
| 2 | Common | Common Stock, $0.00001 par value | 2022-02-25 | F | D | 621 | $0.00 | 4,673 | D | — | — | (F2) The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the second tranche of RSUs granted on February 25, 2020 that vested on February 25, 2022. No shares were sold. |
| 3 | Derivative | Restricted Stock Units | 2022-02-25 | M | D | 3,245 | $0.00 | 0 | D | — · — to — | 3,245 Common Stock | (F3) Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. (F4) The Reporting Person received a grant of 3,245 RSUs, of which 50% vested on February 25, 2021 and 50% were subject to vest on February 25, 2022. In connection with the Reporting Person's resignation from the Board and appointment to the role of President and COO of the Issuer on November 15, 2021, the Board of Directors of the Issuer determined the Reporting Person would retain a pro-rated number of the reported RSUs and the remainder of the RSUs would be forfeited for no consideration. |