ANDREW R. HEYER - 02 Jun 2022 Form 4 Insider Report for Lovesac Co (LOVE)

Role
Director
Signature
/s/ Megan C. Preneta. Attorney-in-Fact for Andrew R. Heyer
Issuer symbol
LOVE
Transactions as of
02 Jun 2022
Net transactions value
$0
Form type
4
Filing time
06 Jun 2022, 16:29:50 UTC
Previous filing
31 May 2022
Next filing
05 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOVE Common Stock, par value $0.00001 Award $0 +1,245 +0.77% $0.000000 162,970 02 Jun 2022 Direct F1

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 Options Exercise $0 -1,245 -100% $0.000000* 0 02 Jun 2022 Common Stock 1,245 Direct F1, F2
transaction LOVE Restricted Stock Units Award $0 +2,408 $0.000000 2,408 02 Jun 2022 Common Stock 2,408 Direct F2, F3
transaction LOVE Restricted Stock Units Award $0 +2,028 +84% $0.000000 4,436 02 Jun 2022 Common Stock 2,028 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares were acquired upon the vesting of time-based restricted stock units ("RSUs") granted on June 7, 2021.
F2 Each restricted stock unit represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
F3 The reporting person received a grant of 2,408 RSUs, of which 100% are subject to vesting on June 2, 2023.
F4 Represents RSUs elected by the reporting person in lieu of the reporting person's cash retainer for service on the Issuer's board of directors for fiscal 2023, of which 100% are subject to vesting on June 2, 2023.