HEYER ANDREW R 4/A
4/A · Lovesac Co · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Lovesac Director Andrew Heyer Receives 6,308 RSUs
What Happened Andrew R. Heyer, a director of Lovesac Co. (LOVE), acquired 6,308 restricted stock units (RSUs) reported as a derivative award (code A) at $0.00. The filing explains these RSUs were elected in lieu of the director's cash retainer for fiscal 2026 and vested in full. This amended Form 4 corrects a prior omission where these holdings were not reported.
Key Details
- Transaction / vesting date: June 10, 2026 (reported in the filing); amendment filed June 10, 2026.
- Amount: 6,308 RSUs granted/acquired at $0.00 (derivative award).
- Shares owned after transaction: Not disclosed in the amended Form 4 (filing reports the 6,308 vested RSUs but does not list total beneficial ownership).
- Footnotes: F1 — each RSU converts to one common share upon vesting; F2 — these RSUs were elected instead of the director's cash retainer for fiscal 2026 and vested 100%; they were inadvertently omitted from the earlier Form 4 and are now reported.
- Filing status: This is an amended filing correcting a prior omission (indicates a late-report correction, not a new trade).
Context RSUs are compensation awards that convert into shares upon vesting; this transaction reflects routine director compensation (an award/vesting), not an open-market purchase or sale. Because this is an award that vested and was reported after the fact via an amendment, it should be viewed as a pay-related issuance rather than a direct signal of the director buying or selling company stock.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2025-06-10+6,308→ 0 total→ Common Stock (6,308 underlying)
Footnotes (2)
- [F1]Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- [F2]Represents RSUs elected by the Reporting Person in lieu of the Reporting Person's cash retainer for service on the Issuer's board of directors for fiscal 2026, of which 100% vested on June 10, 2026. These holdings were inadvertently omitted from the previously filed Form 4 and are reported herein to correct that omission.