VANDERBECK SUNNY 4
4 · Lovesac Co · Filed Jun 16, 2021
Insider Transaction Report
Form 4
Lovesac CoLOVE
Grafer John Richard
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-06-15−2,201→ 0 total(indirect: See Footnote)→ Common Stock (2,201 underlying) - Award
Common Stock, $0.00001 par value
2021-06-15+2,201→ 1,039,871 total(indirect: See footnote)
Footnotes (3)
- [F1]The reporting shares were acquired upon the vesting of time-based restricted stock units ("RSUs") granted on December 17, 2020.
- [F2]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.
- [F3]Each RSU represents the contingent right to receive one share of the Issuer's common stock.