HEYER ANDREW R 4

What Happened

• Andrew R. Heyer, a director of Lovesac Co. (LOVE), received equity awards and converted vested restricted stock units (RSUs) into common shares. Specifically, 6,308 RSUs vested and were converted into 6,308 shares on June 10, 2026 (reported at $0.00 per share, $0 total). Separately, 7,947 RSUs were granted on June 9, 2026 as derivative awards that vest on June 9, 2027 (also reported at $0.00 per share).
• These transactions are compensation-related awards and conversions (not open-market purchases or sales), so they reflect grant/vesting events rather than a buy/sell decision in the market.

Key Details

• Transaction dates and prices:
  • 6/10/2026: 6,308 RSUs vested and converted to 6,308 shares — $0.00 per share (award/vesting).
  • 6/09/2026: 7,947 RSUs granted — $0.00 per share (derivative award, vests 6/9/2027).
• Shares owned after transaction: not specified in the provided filing data.
• Notable footnotes:
  • F1/F2: The 6,308 shares resulted from RSUs that vested on June 10, 2026; some RSUs were elected in lieu of the director’s cash retainer for fiscal 2026.
  • F3/F4/F5: Each RSU represents the right to one share upon vesting; the 7,947 RSUs are 100% subject to vesting on June 9, 2027 and were elected in lieu of the fiscal 2027 cash retainer.
• Filing timeliness: Report filed 6/10/2026 for transactions through 6/09/2026 — appears to be timely.

Context

• RSUs are compensation: these awards increase Heyer’s potential/actual ownership but are granted as director compensation, not as a market purchase or insider sell signal.
• The conversion/“exercise or conversion of derivative” here simply reflects RSUs vesting and being converted into shares (cashless conversion), not an option exercise involving cash payment.
• No sales or open-market purchases were reported in this filing; these events are standard board compensation and vesting disclosures.