Dellomo Donna 4
4 · Lovesac Co · Filed Apr 18, 2023
Insider Transaction Report
Form 4
Lovesac CoLOVE
Dellomo Donna
Executive Vice President, Chie
Transactions
- Tax Payment
Common Stock, $0.00001 par value
2023-04-15$28.49/sh−504$14,359→ 104,705 total - Exercise/Conversion
Restricted Stock Units
2023-04-15−1,054→ 2,110 total→ Common Stock (1,054 underlying) - Exercise/Conversion
Common Stock, $0.00001 par value
2023-04-15+1,054→ 105,759 total - Award
Restricted Stock Units
2023-04-15+5,533→ 5,533 total→ Common Stock (5,533 underlying) - Award
Restricted Stock Units (Performance-based Vesting)
2023-04-15+22,814→ 22,814 total→ Common Stock (22,814 underlying) - Award
Restricted Stock Units (Performance-based Vesting)
2023-04-15+5,533→ 11,066 total→ Common Stock (5,533 underlying) - Tax Payment
Common Stock, $0.00001 par value
2023-04-15$28.49/sh−542$15,442→ 105,217 total
Footnotes (6)
- [F1]The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of performance-based restricted stock units ("RSUs") granted on April 15, 2022 that vested on March 23, 2023. No shares were sold.
- [F2]The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2022.
- [F3]The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of time-based RSUs granted on April 15, 2022. No shares were sold.
- [F4]Each RSU represents the contingent right to receive, upon vesting and settlement of the RSU, one share of the Issuer's common stock.
- [F5]On April 15, 2023, the Reporting Person received a grant of 11,066 RSUs, of which (a) 50% vest in three equal installments on the first, second and third anniversaries of the grant date, and (b) 50% vest in three tranches with each tranche eligible to vest based on the Issuer's achievements of certain financial performance targets for the applicable performance period.
- [F6]On April 15, 2023, the Reporting Person received a grant of RSUs which vest in a single tranche based on the Issuer's achievements of certain stretch financial performance targets for the performance period.