4//SEC Filing
Landsem Crystal 4
Accession 0001104659-23-028997
CIK 0001780201other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 4:06 PM ET
Size
8.5 KB
Accession
0001104659-23-028997
Insider Transaction Report
Form 4
Landsem Crystal
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2023-03-06+1,811,572→ 2,515,634 total - Award
Performance Stock Units
2023-03-06+1,811,571→ 1,811,571 total→ Common Stock (1,811,571 underlying)
Footnotes (3)
- [F1]Represents restricted stock units ("RSUs"), each of which represent a contingent right to receive one share of common stock, and which will vest as follows: (a) 122,662 RSUs will vest on June 30, 2023, (b) 94,455 RSUs will vest on September 30, 2023 and on December 31, 2023, and (c) the remaining 1,500,000 RSUs will vest in twelve, equal, quarterly installments of 125,000 beginning on March 31, 2024.
- [F2]Represents performance stock units ("PSUs"), each of which represent a contingent right to receive one share of common stock, and which will vest as follows: (a) 603,857 PSUs will vest when both of the following have occurred (i) the Volume-Weighted Average Price ("VWAP") of the Company's common stock over trailing ten (10) trading days equals or exceeds $7.50, and (ii) the Reporting Person remains employed under the terms of their Employment Agreement (the "Employment Agreement") on March 5, 2024; (continued below)
- [F3](b) 603,857 PSUs will vest when both of the following have occurred (i) the VWAP of the Company's common stock over the trailing ten (10) trading days equals or exceeds $10.00, and (ii) the Reporting Person remains employed under this terms of the Employment Agreement on March 5, 2025; and (c) 603,857 PSUs will vest when both of the following have occurred (i) the VWAP of the Company's common stock over trailing ten (10) trading days equals or exceeds $12.50, and (ii) the Reporting Person remains employed under the terms of the Employment Agreement on March 5, 2026.
Documents
Issuer
Lulu's Fashion Lounge Holdings, Inc.
CIK 0001780201
Entity typeother
Related Parties
1- filerCIK 0001891033
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 4:06 PM ET
- Size
- 8.5 KB