MAESTRINI ANDRE 4

What Happened
Andre Maestrini, President, Chief Commercial Officer and Interim Co‑CEO of lululemon athletica (LULU), had 220 shares withheld to cover tax obligations tied to the vesting of restricted stock units (RSUs). The withholding was recorded at $158.72 per share for a total value of approximately $34,918. This was a tax-withholding disposal (code F), not an open‑market sale.

Key Details

• Transaction date: 2026-03-25; reported on Form 4 filed 2026-03-27 (filed within typical two-business-day window).
• Shares withheld/disposed: 220 shares at $158.72 per share; total ~$34,918.
• Transaction code: F — shares withheld to satisfy tax withholding on RSU vesting.
• Shares owned after transaction: not specified in the excerpt provided.
• Footnote: F1 — represents shares withheld for tax obligations in connection with vesting of restricted stock units.
• This is not a market sale; company withheld shares to cover taxes (routine, administrative).

Context
Tax-withholding dispositions on vested RSUs are routine and do not necessarily reflect the insider’s market view — they merely satisfy tax liabilities when restricted stock vests. Purchases or open-market sales tend to be more informative about insider sentiment; withholding for taxes is administrative.