Grafer John Richard 4
4 · Lovesac Co · Filed Jun 12, 2020
Insider Transaction Report
Form 4
Lovesac CoLOVE
Grafer John Richard
Director
Transactions
- Award
Restricted Stock Units
2020-06-08+4,126→ 4,126 total(indirect: See footnote)→ Common Stock (4,126 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- [F2]The reporting person received a grant of 4,126 RSUs, all of which vest on June 5, 2021.
- [F3]The RSUs were granted to Mr. Grafer, a partner at Satori Capital, LLC ("Satori Capital"), in connection with his service as a member of the board of directors of the Issuer. Pursuant to the policies of Satori Capital, Mr. Grafer holds these RSUs as a nominee on behalf, and for the sole benefit, of Satori Capital. Mr. Grafer disclaims beneficial ownership of the RSUs, and the filing of this Form 4 shall not be deemed an admission that Mr. Grafer is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Satori Capital is indirectly owned and controlled by Sunny Vanderbeck and Randy Eisenman through entities that Sunny Vanderbeck or Randy Eisenman own or control.