Martello Wan Ling 4

What Happened
Martello Wan Ling, a director of Lovesac Co (ticker: LOVE), received two restricted stock unit (RSU) awards on June 9, 2026 totaling 12,715 RSUs (7,947 and 4,768). Each RSU represents the contingent right to one share upon vesting. The awards are recorded at $0.00 per share in the filing because they are derivative grants, not cash purchases or open-market sales.

Key Details

• Transaction date: 2026-06-09; filing date: 2026-06-10 (timely filing).
• Grants: 7,947 RSUs and 4,768 RSUs — total 12,715 RSUs; reported acquisition price $0.00 (derivative award).
• Vesting: 100% of these RSUs vest on June 9, 2027 (per footnote).
• Reason: RSUs were elected by the director in lieu of the cash board retainer for fiscal 2027.
• Shares owned after transaction: not specified in this Form 4.
• No sale or purchase of shares occurred; these are compensation awards (not a market trade).

Context
RSUs are common board compensation: they do not deliver stock until they vest, and they are different from open-market buys or sales. Because these RSUs were elected instead of cash retainer, this filing reflects routine director compensation rather than a trading signal.