Form 4 for LOVE Lovesac Co
Accepted 2023-04-18 00:00:00 ET · period of report 2023-04-15 · accession 0001628280-23-011945 · 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 | 2023-04-18 | 2023-04-15 | LOVE | Krause Albert Jack | Chief Strategy Off, Dir | M - OptEx | $0.00 | +2,772 | 165.1K | +2% | $0 |
| DM | 2023-04-18 | 2023-04-15 | LOVE | Krause Albert Jack | Chief Strategy Off, Dir | F - Tax | $28.49 | -2,605 | 162.3K | -2% | -$74.2K |
| DM | 2023-04-18 | 2023-04-15 | LOVE | Krause Albert Jack | Chief Strategy Off, Dir | A - Grant | $0.00 | +42.8K | 13.7K | New | $0 |
| D | 2023-04-18 | 2023-04-15 | LOVE | Krause Albert Jack | Chief Strategy Off, Dir | M - OptEx | $0.00 | -2,772 | 5,544 | -33% | $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 | 2023-04-15 | M | A | 2,772 | $0.00 | 165,101 | D | — | — | (F2) The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2022. |
| 2 | Common | Common Stock, $0.00001 par value | 2023-04-15 | F | D | 1,327 | $28.49 | 163,774 | D | — | — | (F3) The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of time-based RSUs granted on April 15, 2022. No shares were sold. |
| 3 | Common | Common Stock, $0.00001 par value | 2023-04-15 | F | D | 1,278 | $28.49 | 162,329 | D | — | — | (F1) The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of performance-based restricted stock units ("RSUs") granted on April 15, 2022 that vested on March 23, 2023. No shares were sold. |
| 4 | Derivative | Restricted Stock Units (Performance-based Vesting) | 2023-04-15 | A | A | 14,544 | $0.00 | 29,088 | D | — · — to — | 14,544 Common Stock | (F4) Each RSU represents the contingent right to receive, upon vesting and settlement of the RSU, one share of the Issuer's Common Stock. (F5) On April 15, 2023, the Reporting Person received a grant of 29,088 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 in three tranches with each tranche eligible to vest based on the Issuer's achievements of certain financial performance targets for the applicable performance period. |
| 5 | Derivative | Restricted Stock Units | 2023-04-15 | A | A | 14,544 | $0.00 | 14,544 | D | — · — to — | 14,544 Common Stock | (F4) Each RSU represents the contingent right to receive, upon vesting and settlement of the RSU, one share of the Issuer's Common Stock. (F5) On April 15, 2023, the Reporting Person received a grant of 29,088 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 in three tranches with each tranche eligible to vest based on the Issuer's achievements of certain financial performance targets for the applicable performance period. |
| 6 | Derivative | Restricted Stock Units | 2023-04-15 | M | D | 2,772 | $0.00 | 5,544 | D | — · — to — | 2,772 Common Stock | (F4) Each RSU represents the contingent right to receive, upon vesting and settlement of the RSU, one share of the Issuer's Common Stock. (F2) The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2022. |
| 7 | Derivative | Restricted Stock Units (Performance-based Vesting) | 2023-04-15 | A | A | 13,690 | $0.00 | 13,690 | D | — · — to — | 13,690 Common Stock | (F4) Each RSU represents the contingent right to receive, upon vesting and settlement of the RSU, one share of the Issuer's Common Stock. (F6) On April 15, 2023, the Reporting Person received a grant of RSUs which vest in a single tranche based on the Issuer's achievements of certain stretch financial performance targets for the performance period. |