McLallen Walter Field 4

What Happened Walter McLallen, a director of Lovesac Co. (LOVE), received shares from vested restricted stock units (RSUs) and was also granted additional RSUs. On June 10, 2026, 6,308 RSUs vested and were converted into 6,308 shares (reported at $0.00 per share). On June 9, 2026 a grant of 7,947 RSUs was reported (derivative award, $0.00). No cash was paid or received in these transactions — these were compensation awards/vests, not open‑market purchases or sales.

Key Details

• Transaction dates and types:
  • 2026-06-10: Award/acquisition — 6,308 shares acquired at $0.00 (vested RSUs).
  • 2026-06-09: Award/acquisition (derivative) — 7,947 RSUs reported at $0.00 (grant).
  • 2026-06-10: Exercise/conversion of derivative — 6,308 (derivative) converted to shares (reported as disposed from derivative status) at $0.00.
• Footnotes summarized:
  • The 6,308 shares were acquired upon vesting of RSUs originally granted on June 10, 2025.
  • Each RSU represents the right to receive one share upon vesting.
  • The 7,947 RSU grant is 100% subject to vesting on June 9, 2027.
• Shares owned after the transactions: Not specified in this filing.
• Filing timeliness: Report filed June 10, 2026 for transactions reported through June 9, 2026 (filed the following day); no late‑filing flag indicated.

Context These entries reflect compensation-related RSU vesting and a new RSU grant. RSU vesting issues shares to the insider and do not constitute a market purchase or sale; they are common executive/director compensation. For investors, purchases or sales by insiders can signal conviction, whereas vesting/grant activity primarily reflects compensation arrangements.