Fox Mary 4
4 · Lovesac Co · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Lovesac (LOVE) President Mary Fox Receives RSU Awards, Withholds Shares
What Happened
- Mary Fox, President of Lovesac (LOVE), had prior restricted stock units (RSUs) vest and received new RSU awards on April 15, 2026. She received 21,914 shares upon vesting of earlier RSU tranches and had 19,941 shares withheld to satisfy tax liabilities (no open-market sale). The withholding was reported at $16.65 per share, totaling approximately $332,017. Separately, she was granted two new RSU awards: 77,701 time-based RSUs and 77,701 performance-based RSUs (total 155,402 RSUs).
Key Details
- Transaction date: April 15, 2026; filing date: April 17, 2026 (filed timely).
- Tax withholding price: $16.65 per share.
- Withheld shares and amounts: 2,296 shares ($38,228); 8,080 shares ($134,532); 2,132 shares ($35,498); 7,433 shares ($123,759). Total withheld = 19,941 shares, ~$332,017.
- Vested shares received: 4,848 and 17,066 (total 21,914) from prior RSU tranches.
- New awards: 77,701 time-based RSUs (vest in three equal annual installments) and 77,701 performance-based RSUs (payable after a three‑year performance period, if earned).
- Transaction codes: M = exercise/conversion of derivative (RSU settlement), F = shares withheld for tax liability, A = award/grant. Footnotes confirm withholding was to cover tax liabilities and that no shares were sold.
- Shares owned after transaction: not disclosed in this filing.
Context
- RSUs are compensation awards that convert to shares upon vesting. The filing shows settlement and tax-withholding (a common, routine administrative step), not an open-market sale or purchase decision by the insider. Performance RSUs vest only if pre-established targets are met, and the newly granted time-based RSUs vest over upcoming anniversaries.
Insider Transaction Report
Form 4
Lovesac CoLOVE
Fox Mary
President
Transactions
- Exercise/Conversion
Common Stock, $0.00001 par value
[F1]2026-04-15+4,848→ 72,077 total - Tax Payment
Common Stock, $0.00001 par value
[F2]2026-04-15$16.65/sh−2,296$38,228→ 69,781 total - Exercise/Conversion
Common Stock, $0.00001 par value
[F3]2026-04-15+17,066→ 86,847 total - Tax Payment
Common Stock, $0.00001 par value
[F4]2026-04-15$16.65/sh−8,080$134,532→ 78,767 total - Tax Payment
Common Stock, $0.00001 par value
[F5]2026-04-15$16.65/sh−2,132$35,498→ 76,635 total - Tax Payment
Common Stock, $0.00001 par value
[F6]2026-04-15$16.65/sh−7,433$123,759→ 69,202 total - Award
Restricted Stock Units
[F7][F8]2026-04-15+77,701→ 77,701 total→ Common Stock (77,701 underlying) - Award
Restricted Stock Units (Performance-based Vesting)
[F7][F9]2026-04-15+77,701→ 77,701 totalExercise: $0.00→ Common Stock (77,701 underlying) - Exercise/Conversion
Restricted Stock Units
[F7][F1]2026-04-15−4,848→ 0 total→ Common Stock (4,848 underlying) - Exercise/Conversion
Restricted Stock Units
[F7][F3]2026-04-15−17,066→ 34,134 total→ Common Stock (17,066 underlying)
Footnotes (9)
- [F1]The reported shares were acquired upon the vesting of the third tranche of time-based restricted stock units ("RSUs") granted on April 15, 2023.
- [F2]The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the third tranche of time-based RSUs granted on April 15, 2023. No shares were sold.
- [F3]The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2025.
- [F4]The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of time-based RSUs granted on April 15, 2025. No shares were sold.
- [F5]The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of a portion of the third tranche of performance-based RSUs granted on April 15, 2023. No shares were sold.
- [F6]The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of a portion of the first tranche of performance-based RSUs granted on April 15, 2025. No shares were sold.
- [F7]Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- [F8]On April 15, 2026, the Reporting Person received a grant of RSUs which vest in three equal installments on the first, second and third anniversaries of the grant date.
- [F9]On April 15, 2026, the Reporting Person received a grant of performance-based RSUs which vest based on the Issuer's achievements with respect to certain pre-established performance targets for the performance period. Once earned, the performance-based RSUs are payable at the end of the three-year performance period.
Signature
/s/ Megan C. Preneta, as Attorney-in-Fact for Mary Fox|2026-04-17