Nelson Shawn David 4

4 · Lovesac Co · Filed Mar 20, 2026

AI-generated summary of this filing

Updated Mar 20, 2026

Lovesac (LOVE) CEO Shawn D. Nelson Receives 29,311 Shares via RSU Vesting

What Happened

Shawn D. Nelson, CEO of Lovesac Co. (LOVE), had performance-based restricted stock units (RSUs) vest and be converted into common stock. A total of 29,311 shares were issued upon vesting (no cash paid; reported price $0.00).
Of the vested shares, 7,067 shares were surrendered to the issuer to satisfy tax withholding obligations (reported as dispositions to the issuer). The filing shows conversion/settlement of RSUs and related dispositions—this is an award/vesting event, not an open-market purchase.

Key Details

Transaction date(s): March 18, 2026; Form 4 filed March 20, 2026 (timely filing).
Shares acquired on vesting (conversion of derivatives): 4,504; 9,106; and 15,701 — total 29,311 shares; reported acquisition price $0.00.
Shares surrendered to issuer for tax withholding (dispositions): 5,192; 510; and 1,365 — total 7,067 shares; reported price $0.00.
File footnotes:
- F1: Each RSU converts to one share upon vesting.
- F3–F5: Vested shares came from portions of performance-based RSU tranches granted on 4/15/2023, 6/11/2024, and 4/15/2025; unearned portions of those tranches were forfeited.
- F2: Some reported shares are held by a family trust (trustee is spouse); the reporting person controls disposition authority.
Shares owned after the transactions are not specified in the data provided.

Context

This filing documents RSU vesting and settlement (an award event), which is common for executives and does not by itself indicate a buying or selling decision in the open market. The withholding/surrender of shares to the issuer to cover taxes is routine (not a gift or market sale).

Form 4

Period: 2026-03-18

DirectorChief Executive Officer

Transactions

Exercise/Conversion
Common Stock, $0.00001 par value
[F1]
2026-03-18+4,504→ 173,564 total
Exercise/Conversion
Common Stock, $0.00001 par value
[F1]
2026-03-18+9,106→ 182,670 total
Exercise/Conversion
Common Stock, $0.00001 par value
[F1]
2026-03-18+15,701→ 198,371 total
Exercise/Conversion
Restricted Stock Units (Performance-based Vesting)
[F1][F3]
2026-03-18−4,504→ 5,192 total
→ Common Stock (4,504 underlying)
Disposition to Issuer
Restricted Stock Units (Performance-based Vesting)
[F1][F3]
2026-03-18−5,192→ 0 total
→ Common Stock (5,192 underlying)
Exercise/Conversion
Restricted Stock Units (Performance-based Vesting)
[F1][F4]
2026-03-18−9,106→ 10,126 total
→ Common Stock (9,106 underlying)
Disposition to Issuer
Restricted Stock Units (Performance-based Vesting)
[F1][F4]
2026-03-18−510→ 9,616 total
→ Common Stock (510 underlying)
Exercise/Conversion
Restricted Stock Units (Performance-based Vesting)
[F1][F5]
2026-03-18−15,701→ 35,499 total
→ Common Stock (15,701 underlying)
Disposition to Issuer
Restricted Stock Units (Performance-based Vesting)
[F1][F5]
2026-03-18−1,365→ 34,134 total
→ Common Stock (1,365 underlying)

Holdings

Footnotes (5)

[F1]Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting and settlement of the RSU, one share of the Issuer's common stock.
[F2]The reported shares are held by The LDPV Holding Trust, dated October 1, 2018, of which the reporting person's spouse is trustee and the reporting person has sole authority over the disposition of the shares of the Issuer held by the trust.
[F3]The reported shares were acquired upon the vesting of a portion of the third tranche of performance-based RSUs granted on April 15, 2023. The unearned balance of performance-based RSUs from this grant were forfeited.
[F4]The reported shares were acquired upon the vesting of a portion of the second tranche of performance-based RSUs granted on June 11, 2024. The unearned balance of performance-based RSUs from this tranche were forfeited.
[F5]The reported shares were acquired upon the vesting of a portion of the first tranche of performance-based RSUs granted on April 15, 2025. The unearned balance of performance-based RSUs from this tranche were forfeited.

Signature

/s/ Megan C. Preneta, as Attorney-in-Fact for Shawn Nelson|2026-03-20

1 file