Leite Sharon M 4

What Happened

• Sharon M. Leite, a director of Lovesac Co (NASDAQ: LOVE), had 6,308 restricted stock units (RSUs) vest and convert into 6,308 shares on June 10, 2026 (acquired at $0.00). She was also granted 7,947 RSUs on June 9, 2026 (reported as a derivative award at $0.00). No cash changed hands; these were compensation awards and a conversion of vested RSUs, not open‑market purchases or sales.

Key Details

• Transaction dates and types:
  • 2026-06-10: 6,308 shares acquired (grant/award) at $0.00 — corresponding conversion of 6,308 RSUs (exercise/conversion, code M) also reported that day.
  • 2026-06-09: 7,947 RSUs granted (reported as derivative award) at $0.00.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes of note:
  • The 6,308 shares converted on 6/10/2026 were RSUs granted on June 10, 2025 that vested (F1).
  • Each RSU represents the contingent right to receive one share upon vesting (F2).
  • The 7,947 RSU grant is 100% subject to vesting on June 9, 2027 (F3).
• Filing timeliness: Form 4 was filed on 2026-06-10 for transactions on 6/9–6/10/2026 (timely filing).

Context

• RSU vesting and conversion is a routine form of equity compensation. The “M” code denotes conversion/exercise of a derivative (here, vested RSUs converted into common shares), and the award entries reflect new RSUs that will vest in the future.
• These entries do not represent a purchase or sale in the open market and therefore are not straightforward signals of buying or selling sentiment by the insider.