Fox Mary 4

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.