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4//SEC Filing

VANDERBECK SUNNY 4

Accession 0001213900-24-049709

CIK 0001701758other

View on SEC.gov Company Profile

Filed

Jun 3, 8:00 PM ET

Accepted

Jun 4, 4:30 PM ET

Size

25.3 KB

Accession

0001213900-24-049709

Insider Transaction Report

Form 4

Period: 2024-06-01

Lovesac CoLOVE

Satori Capital Strategic Opportunities GP, LLC

10% Owner

Transactions

Exercise/Conversion
Common Stock, $0.00001 par value
2024-06-01+4,996→ 625,890 total(indirect: See Footnote)
Exercise/Conversion
Restricted Stock Units
2024-06-01−4,996→ 0 total(indirect: See Footnote)
→ Common Stock (4,996 underlying)

Grafer John Richard

Director

Transactions

Exercise/Conversion
Common Stock, $0.00001 par value
2024-06-01+4,996→ 625,890 total(indirect: See Footnote)
Exercise/Conversion
Restricted Stock Units
2024-06-01−4,996→ 0 total(indirect: See Footnote)
→ Common Stock (4,996 underlying)

Satori Capital III GP, LLC

10% Owner

Transactions

Exercise/Conversion
Common Stock, $0.00001 par value
2024-06-01+4,996→ 625,890 total(indirect: See Footnote)
Exercise/Conversion
Restricted Stock Units
2024-06-01−4,996→ 0 total(indirect: See Footnote)
→ Common Stock (4,996 underlying)

Satori Capital III, LP

10% Owner

Transactions

Exercise/Conversion
Restricted Stock Units
2024-06-01−4,996→ 0 total(indirect: See Footnote)
→ Common Stock (4,996 underlying)
Exercise/Conversion
Common Stock, $0.00001 par value
2024-06-01+4,996→ 625,890 total(indirect: See Footnote)

Satori Co-Investment Partners, LP

10% Owner

Transactions

Exercise/Conversion
Common Stock, $0.00001 par value
2024-06-01+4,996→ 625,890 total(indirect: See Footnote)
Exercise/Conversion
Restricted Stock Units
2024-06-01−4,996→ 0 total(indirect: See Footnote)
→ Common Stock (4,996 underlying)

Satori Capital, LLC

10% Owner

Transactions

Exercise/Conversion
Common Stock, $0.00001 par value
2024-06-01+4,996→ 625,890 total(indirect: See Footnote)
Exercise/Conversion
Restricted Stock Units
2024-06-01−4,996→ 0 total(indirect: See Footnote)
→ Common Stock (4,996 underlying)

Satori Capital Strategic Opportunities, LP

10% Owner

Transactions

Exercise/Conversion
Restricted Stock Units
2024-06-01−4,996→ 0 total(indirect: See Footnote)
→ Common Stock (4,996 underlying)
Exercise/Conversion
Common Stock, $0.00001 par value
2024-06-01+4,996→ 625,890 total(indirect: See Footnote)

SCGPM, LLC

10% Owner

Transactions

Exercise/Conversion
Restricted Stock Units
2024-06-01−4,996→ 0 total(indirect: See Footnote)
→ Common Stock (4,996 underlying)
Exercise/Conversion
Common Stock, $0.00001 par value
2024-06-01+4,996→ 625,890 total(indirect: See Footnote)

VANDERBECK SUNNY

10% Owner

Transactions

Exercise/Conversion
Restricted Stock Units
2024-06-01−4,996→ 0 total(indirect: See Footnote)
→ Common Stock (4,996 underlying)
Exercise/Conversion
Common Stock, $0.00001 par value
2024-06-01+4,996→ 625,890 total(indirect: See Footnote)

Eisenman Randy

10% Owner

Transactions

Exercise/Conversion
Common Stock, $0.00001 par value
2024-06-01+4,996→ 625,890 total(indirect: See Footnote)
Exercise/Conversion
Restricted Stock Units
2024-06-01−4,996→ 0 total(indirect: See Footnote)
→ Common Stock (4,996 underlying)

Footnotes (5)

[F1]The reported shares were acquired upon the vesting of restricted stock units ("RSUs") granted on June 1, 2023.
[F2]Satori Capital Strategic Opportunities GP, LLC ("Satori CSOGP") is the general partner of Satori Capital Strategic Opportunities, LP ("Satori CSO"), Satori Capital III GP, LLC ("SCIIIGP") is the general partner of Satori Capital III, LP ("SCIII") and Satori Co-Investment Partners GP, LLC ("COIPGP") is the general partner of Satori Co-Investment Partners LP ("Satori COIP"). SCGPM, LLC ("SCGPM") is the manager of Satori CSOGP, SCIIIGP and COIPGP and may be deemed to share voting and dispositive power with respect to the shares held by Satori CSO, SCIII and Satori COIP. 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.
[F3]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, SCIII and Satori COIP. Mr. Grafer disclaims beneficial ownership of the securities owned by Satori CSO, SCIII and Satori COIP, 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.
[F4]Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
[F5]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.

Documents

1 file

4
ownership.xmlPrimary

Issuer

Lovesac Co

CIK 0001701758

→

Entity typeother

Related Parties

filerCIK 0001106523

Filing Metadata

Form type: 4
Filed: Jun 3, 8:00 PM ET
Accepted: Jun 4, 4:30 PM ET
Size: 25.3 KB

View on SEC.gov