Siegner Keith R. 4

What Happened

• Keith R. Siegner, Executive Vice President and Chief Financial Officer of Lovesac Co. (LOVE), had performance-based restricted stock units (RSUs) convert to common shares on March 18, 2026.
• A total of 14,862 shares were acquired upon vesting (2,963 + 4,802 + 7,097). No cash was paid for these shares (reported price $0.00). To satisfy withholding/tax obligations, 1,112 shares were delivered to the issuer, leaving a net of 13,750 shares received by Siegner.
• These reported transactions reflect the vesting/settlement of performance-based RSUs (not open-market purchases or sales).

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (filed within the usual two-business-day window).
• Reported acquisitions (vested/converted): 2,963; 4,802; 7,097 shares — total 14,862 shares — at $0.00 per share.
• Shares withheld/delivered to issuer for taxes: 226 + 269 + 617 = 1,112 shares.
• Net shares retained by insider after withholding: 13,750.
• Footnotes: F1–F4 indicate these were RSUs (one RSU = one share upon vesting) and these shares came from different performance-based RSU tranches: June 30, 2023 (third tranche), June 11, 2024 (second tranche), and April 15, 2025 (first tranche). Unearned balances from those grants were forfeited as noted.
• Shares owned following the transaction: not disclosed in the provided summary of the filing.

Context

• These transactions are typical for RSU vesting: the derivative (RSU) converted to shares (reported as exercise/conversion), and some shares were surrendered/issued back to the company to cover withholding (tax) obligations. Because this is vesting of awards rather than an open-market buy or sale, it should be read as compensation-related settlement, not a direct buy/sell signal about the insider’s market view.