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Lovesac Co·4

Apr 17, 5:38 PM ET

Nelson Shawn David 4

4 · Lovesac Co · Filed Apr 17, 2026

Research Summary

AI-generated summary of this filing

Updated

Lovesac (LOVE) CEO Shawn D. Nelson Receives RSU Awards

What Happened

  • Shawn D. Nelson, CEO of Lovesac Co. (LOVE), had multiple restricted stock unit (RSU) tranches vest on April 15, 2026 and also received new RSU grants. Vested/converted shares included 4,848 and 17,066 shares (from prior RSU grants). A total of 19,081 shares were withheld to cover tax liabilities at $16.65 per share, totaling $317,698. On the same date he received two RSU grants of 77,701 shares each (total 155,402 RSUs) — one time‑based (three annual installments) and one performance‑based (vesting subject to multi‑year performance targets), both recorded at $0.00.

Key Details

  • Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (appears timely).
  • Withheld shares for taxes: 19,081 shares at $16.65 = $317,698 (these were tax withholdings, not open‑market sales).
  • New grants: 2 awards × 77,701 RSUs = 155,402 RSUs (one time‑based vesting in three installments; one performance‑based payable after a three‑year performance period).
  • Vested/converted shares from prior grants: 4,848 (third tranche, 4/15/2023 grant) and 17,066 (first tranche, 4/15/2025 grant).
  • Footnotes: filings note tax withholding to satisfy liabilities (no shares sold) and describe performance vesting conditions (see F1–F10).
  • Shares owned after transactions: not specified in the provided filing excerpt.

Context

  • RSUs: each RSU represents a contingent right to one share upon vesting. The filing shows settlements of vested RSUs (conversion/exercise entries) and withholding of a portion to cover taxes — a routine administrative action, not an open‑market sale. The performance RSUs granted on April 15, 2026 vest only if pre‑established targets are met and are payable at the end of the performance period. Transaction codes in the filing: M = exercise/conversion of derivative, F = tax withholding, A = grant/award.

Insider Transaction Report

Form 4
Period: 2026-04-15
Lovesac CoLOVE
Nelson Shawn David
DirectorChief Executive Officer
Transactions
  • Exercise/Conversion

    Common Stock, $0.00001 par value

    [F1]
    2026-04-15+4,848→ 203,219 total
  • Tax Payment

    Common Stock, $0.00001 par value

    [F2]
    2026-04-15$16.65/sh−2,197$36,580→ 201,022 total
  • Exercise/Conversion

    Common Stock, $0.00001 par value

    [F3]
    2026-04-15+17,066→ 218,088 total
  • Tax Payment

    Common Stock, $0.00001 par value

    [F4]
    2026-04-15$16.65/sh−7,731$128,721→ 210,357 total
  • Tax Payment

    Common Stock, $0.00001 par value

    [F5]
    2026-04-15$16.65/sh−2,040$33,966→ 208,317 total
  • Tax Payment

    Common Stock, $0.00001 par value

    [F6]
    2026-04-15$16.65/sh−7,113$118,431→ 201,204 total
  • Award

    Restricted Stock Units

    [F8][F9]
    2026-04-15+77,701→ 77,701 total
    → Common Stock (77,701 underlying)
  • Award

    Restricted Stock Units (Performance-based Vesting)

    [F8][F10]
    2026-04-15+77,701→ 77,701 total
    → Common Stock (77,701 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F8][F1]
    2026-04-15−4,848→ 0 total
    Exercise: $0.00→ Common Stock (4,848 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F8][F3]
    2026-04-15−17,066→ 34,134 total
    Exercise: $0.00→ Common Stock (17,066 underlying)
Holdings

  • Common Stock, $0.00001 par value

    [F7]
    (indirect: By Trust)
    52,094
Footnotes (10)
  • [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.
  • [F10]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.
  • [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]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.
  • [F8]Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
  • [F9]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.
Signature
/s/ Megan C. Preneta, as Attorney-in-Fact for Shawn Nelson|2026-04-17

Documents

1 file
  • 4
    wk-form4_1776461925.xmlPrimary

    FORM 4