Lovesac Co·4/A

Jun 10, 7:19 PM ET

HEYER ANDREW R 4/A

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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.