HEYER ANDREW R 4

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.