Nelson Shawn David 4

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).