HEYER ANDREW R 4
4 · Lovesac Co · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Lovesac (LOVE) Director Andrew Heyer Receives 279 Shares (RSU Vesting)
What Happened Andrew R. Heyer, a director of Lovesac Co. (LOVE), received 279 shares when restricted stock units (RSUs) vested on February 3, 2026. The filing shows an award/acquisition (code A) of 279 shares at $0.00 and a conversion/exercise of a derivative (code M) of 279 shares at $0.00 — in short, vested RSUs converted into 279 common shares with no cash exchanged.
Key Details
- Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (timely under Section 16 rules).
- Reported amounts: 279 shares acquired via vesting (A) and 279 shares issued on conversion/exercise of derivative (M); price per share reported $0.00; total cash value shown $0.
- Footnotes: RSUs vested were originally granted on February 3, 2025 (F1). Each RSU represents the right to one share upon vesting (F2).
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context This was an RSU vesting event (award converted to shares), not an open-market buy or sale. Code M indicates conversion/exercise of a derivative (the RSU) into common stock. Such vesting events are routine compensation actions and do not by themselves indicate a buy or sell signal.
Insider Transaction Report
- Award
Common Stock, par value $0.00001
[F1]2026-02-03+279→ 250,643 total - Exercise/Conversion
Restricted Stock Units
[F2][F1]2026-02-03−279→ 0 total→ Common Stock (279 underlying)
Footnotes (2)
- [F1]The reported shares were acquired upon the vesting of RSUs granted to the Reporting Person on February 3, 2025.
- [F2]Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.