Fox Mary 4

What Happened

• Mary Fox, President of Lovesac Co (LOVE), had 9,616 restricted stock units (RSUs) vest on June 11, 2026. The RSUs converted to 9,616 shares (derivative conversion).
• To satisfy tax withholding, 4,553 shares and 4,311 shares were withheld at $16.30 per share (total withheld value $74,214 + $70,269 = $144,483). No shares were sold on the open market. Net shares delivered to Ms. Fox after withholding: 752 shares (approx. $12,258 at $16.30).

Key Details

• Transaction date: June 11, 2026; Filing date: June 15, 2026 (filed within typical 2 business-day window).
• Awards/Conversions: 9,616 RSUs vested and converted to shares (reporting codes A and M).
• Tax withholding: 4,553 shares and 4,311 shares withheld (reporting code F); total withheld = 8,864 shares; total withholding value = $144,483.
• Net shares received: 752 shares (9,616 vested − 8,864 withheld).
• Footnotes: RSUs were granted June 11, 2024; each RSU equals one common share; the withheld shares were to satisfy tax liabilities and were not open-market sales.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This was a routine RSU vesting and tax-withholding transaction, not an open-market sale or purchase. For RSUs, withholding of shares to pay taxes is common and does not necessarily indicate a change in insider sentiment.