Satori Capital, LLC 4
4 · Lovesac Co · Filed Dec 15, 2020
Insider Transaction Report
Form 4
Lovesac CoLOVE
Satori Capital, LLC
10% Owner
Transactions
- Sale
Common Stock
2020-12-11$40.19/sh−38,820$1,560,125→ 1,132,423 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2020-12-11$16.00/sh+97,510$1,560,160→ 1,171,243 total(indirect: See footnote) - Sale
Common Stock
2020-12-11$40.19/sh−16,916$679,832→ 1,115,507 total(indirect: See footnote) - Disposition to Issuer
Common Stock Warrants (right to buy)
2020-12-11−106,225→ 0 total(indirect: See footnote)Exercise: $16.00From: 2017-10-19Exp: 2021-06-29→ Common Stock (106,225 underlying) - Sale
Common Stock
2020-12-11$40.19/sh−42,290$1,699,580→ 1,171,243 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2020-12-11$16.00/sh+243,775$3,900,400→ 1,310,585 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2020-12-11$16.00/sh+106,225$1,699,600→ 1,213,533 total(indirect: See footnote) - Disposition to Issuer
Common Stock Warrants (right to buy)
2020-12-11−243,775→ 0 total(indirect: See footnote)Exercise: $16.00From: 2017-10-19Exp: 2021-06-29→ Common Stock (243,775 underlying) - Disposition to Issuer
Common Stock Warrants (right to buy)
2020-12-11−97,510→ 0 total(indirect: See footnote)Exercise: $16.00From: 2017-03-27Exp: 2021-06-29→ Common Stock (97,510 underlying) - Disposition to Issuer
Common Stock Warrants (right to buy)
2020-12-11−42,490→ 0 total(indirect: See footnote)Exercise: $16.00From: 2017-03-27Exp: 2021-06-29→ Common Stock (42,490 underlying) - Sale
Common Stock
2020-12-11$40.19/sh−97,052$3,900,394→ 1,213,533 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2020-12-11$16.00/sh+42,490$679,840→ 1,132,423 total(indirect: See footnote)
Footnotes (5)
- [F1]On December 11, 2020, Satori Capital Strategic Opportunities, LP ("Satori CSO") exercised warrants to purchase 243,775 shares of Lovesac common stock for $16 per share. Satori CSO paid the exercise price on a cashless basis, resulting in Lovesac's withholding of 97,052 of the warrant shares to pay the exercise price and issuing to Satori CSO the remaining 146,723 shares.
- [F2]On December 11, 2020, Satori Capital III, LP ("SCIII") exercised warrants to purchase 106,225 shares of Lovesac common stock for $16 per share. SCIII paid the exercise price on a cashless basis, resulting in Lovesac's withholding of 42,290 of the warrant shares to pay the exercise price and issuing to SCIII the remaining 63,935 shares.
- [F3]On December 11, 2020, Satori CSO exercised warrants to purchase 97,510 shares of Lovesac common stock for $16 per share. Satori CSO paid the exercise price on a cashless basis, resulting in Lovesac's withholding of 38,820 of the warrant shares to pay the exercise price and issuing to Satori CSO the remaining 58,690 shares.
- [F4]On December 11, 2020, SCIII exercised warrants to purchase 42,490 shares of Lovesac common stock for $16 per share. SCIII paid the exercise price on a cashless basis, resulting in Lovesac's withholding of 16,916 of the warrant shares to pay the exercise price and issuing to SCIII the remaining 25,574 shares.
- [F5]Satori Capital Strategic Opportunities GP, LLC ("Satori CSOGP"), is the general partner of Satori CSO and Satori Capital III GP, LLC ("SCIIIGP"), is the general partner of SCIII. SCGPM, LLC ("SCGPM") is the manager of Satori CSOGP and SCIII and may be deemed to share voting and dispositive power with respect to the shares held by Satori CSO and SCIII. SCGPM is wholly owned and controlled by Satori Capital, LLC ("Satori Capital"), which is indirectly owned and controlled by Sunny Vanderbeck and Randy Eisenman through entities that Sunny Vanderbeck or Randy Eisenman own or control. By reason of the provisions of Rule 16a-1 of the Exchange Act, Mr. Grafer may be deemed to have beneficial ownership of certain of the securities that are beneficially owned by Satori CSO and SCIII. Mr. Grafer disclaims beneficial ownership of the securities owned by Satori CSO and SCIII, 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.