Grafer John Richard 4
4 · Lovesac Co · Filed Dec 21, 2020
Insider Transaction Report
Form 4
Lovesac CoLOVE
Grafer John Richard
Director
Transactions
- Award
Common Stock
2020-12-17+2,163→ 1,117,670 total(indirect: See Footnote) - Award
Restricted Stock Units
2020-12-17+254→ 254 total(indirect: See Footnote)→ Common Stock (254 underlying) - Award
Restricted Stock Units
2020-12-17+2,201→ 2,201 total(indirect: See Footnote)→ Common Stock (2,201 underlying)
Footnotes (5)
- [F1]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 Securities Exchange Act of 1934, as amended (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 Exchange Act or for any other purpose.
- [F2]Each restricted stock unit ("RSU") 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 2,201 RSUs, of which 100% are subject to vesting on 6/15/2021.
- [F4]The reporting person received a grant of 254 RSUs, of which 100% are subject to vesting on 12/17/2021.
- [F5]The RSUs were granted to Mr. Grafer, a partner at 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 Exchange Act 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.