MAESTRINI ANDRE 4

What Happened
Andre Maestrini, President, Chief Commercial Officer and Interim Co‑CEO of lululemon (LULU), had 357 shares withheld to satisfy tax obligations tied to vesting restricted stock units. The withholding was recorded at $153.10 per share, a total value of approximately $54,657. This was a tax‑withholding disposition (code F), not an open‑market sale.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-02 (Form 4 accession 0001397187-26-000061) — appears timely.
• Price: $153.10 per share; Shares withheld/disposed: 357; Total value ≈ $54,657.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: F1 — shares were withheld for tax obligations in connection with RSU vesting.
• Transaction type code: F (tax withholding), not a purchase (P) or discretionary sale (S).

Context
Withholding shares to cover taxes on vested RSUs is a common, routine administrative action and does not necessarily signal the insider’s view of the company’s stock. These shares are typically retained by the company or broker to satisfy tax withholding rather than sold in an open market by the insider.