4//SEC Filing
VANDERBECK SUNNY 4
Accession 0001213900-21-066801
CIK 0001701758other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 7:48 PM ET
Size
23.2 KB
Accession
0001213900-21-066801
Insider Transaction Report
Form 4
Lovesac CoLOVE
Satori Capital III, LP
10% Owner
Transactions
- Exercise/Conversion
Common Stock
2021-12-17+254→ 465,457 total(indirect: See footnote) - Exercise/Conversion
Restricted Stock Units
2021-12-17−254→ 0 total(indirect: See footnote)→ Common Stock (254 underlying)
VANDERBECK SUNNY
10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-12-17−254→ 0 total(indirect: See footnote)→ Common Stock (254 underlying) - Exercise/Conversion
Common Stock
2021-12-17+254→ 465,457 total(indirect: See footnote)
Eisenman Randy
10% Owner
Transactions
- Exercise/Conversion
Common Stock
2021-12-17+254→ 465,457 total(indirect: See footnote) - Exercise/Conversion
Restricted Stock Units
2021-12-17−254→ 0 total(indirect: See footnote)→ Common Stock (254 underlying)
SCGPM, LLC
10% Owner
Transactions
- Exercise/Conversion
Common Stock
2021-12-17+254→ 465,457 total(indirect: See footnote) - Exercise/Conversion
Restricted Stock Units
2021-12-17−254→ 0 total(indirect: See footnote)→ Common Stock (254 underlying)
Transactions
- Exercise/Conversion
Common Stock
2021-12-17+254→ 465,457 total(indirect: See footnote) - Exercise/Conversion
Restricted Stock Units
2021-12-17−254→ 0 total(indirect: See footnote)→ Common Stock (254 underlying)
Transactions
- Exercise/Conversion
Common Stock
2021-12-17+254→ 465,457 total(indirect: See footnote) - Exercise/Conversion
Restricted Stock Units
2021-12-17−254→ 0 total(indirect: See footnote)→ Common Stock (254 underlying)
Grafer John Richard
Director
Transactions
- Exercise/Conversion
Common Stock
2021-12-17+254→ 465,457 total(indirect: See footnote) - Exercise/Conversion
Restricted Stock Units
2021-12-17−254→ 0 total(indirect: See footnote)→ Common Stock (254 underlying)
Satori Capital, LLC
10% Owner
Transactions
- Exercise/Conversion
Common Stock
2021-12-17+254→ 465,457 total(indirect: See footnote) - Exercise/Conversion
Restricted Stock Units
2021-12-17−254→ 0 total(indirect: See footnote)→ Common Stock (254 underlying)
Satori Capital III GP, LLC
10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-12-17−254→ 0 total(indirect: See footnote)→ Common Stock (254 underlying) - Exercise/Conversion
Common Stock
2021-12-17+254→ 465,457 total(indirect: See footnote)
Footnotes (5)
- [F1]The reporting shares were acquired upon the vesting in full of time-based restricted stock units ("RSUs") granted on December 17, 2020. Each RSU converted into one share of the Issuer's common stock.
- [F2]Satori Capital Strategic Opportunities GP, LLC ("Satori CSOGP"), is the general partner of Satori Capital Strategic Opportunities, LP ("Satori CSO") and Satori Capital III GP, LLC ("SCIIIGP"), is the general partner of Satori Capital III, LP ("SCIII"). SCGPM, LLC ("SCGPM") is the manager of Satori CSOGP and SCIIIGP 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.
- [F3]Each RSU represented the contingent right to receive one share of the Issuer's common stock.
- [F4]The RSUs vested in full on December 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 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.
Documents
Issuer
Lovesac Co
CIK 0001701758
Entity typeother
Related Parties
1- filerCIK 0001106523
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 7:48 PM ET
- Size
- 23.2 KB