Nelson Shawn David 4
4 · Lovesac Co · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Lovesac CEO Shawn Nelson Receives RSU Award, Withholds Shares
What Happened
Shawn David Nelson, CEO of Lovesac Co (LOVE), had 9,616 restricted stock units (RSUs) vest on June 11, 2026. The RSUs converted into 9,616 shares (derivative conversion). To satisfy tax liabilities related to the vesting and prior performance-based settlements, 4,357 shares (reported at $16.30 each, $71,019) and 4,126 shares (reported at $16.30 each, $67,254) were withheld — a total of 8,483 shares withheld for taxes (~$138,273). Net shares retained from this vesting: 1,133. No open-market sale was reported.
Key Details
- Transaction date: June 11, 2026; filing date: June 15, 2026 (filed within the required two business days).
- Reported prices for withheld shares: $16.30 per share; total withheld value reported = $71,019 + $67,254 = $138,273.
- RSUs vested/converted: 9,616 shares (A / M codes reflect award and conversion/exercise of derivative).
- Shares withheld to cover taxes (F codes): 4,357 and 4,126 shares; no shares sold on the open market.
- Net shares received after withholding: 1,133.
- Notable footnotes: F1/F5 — these were time-based RSUs (each RSU = one share) granted June 11, 2024; F2/F3 — reported dispositions are tax-withholding, not sales; F4 — some shares are held in a trust (LDPV Holding Trust) where the reporting person has sole disposition authority.
- Shares owned after the transaction are not specified in the provided excerpt.
Context
This was a routine vesting and tax-withholding event (cashless settlement) rather than an open-market sale or purchase. Withholding shares to cover taxes is a common administrative action and does not itself indicate a change in insider sentiment. The filing appears timely based on the provided dates.
Insider Transaction Report
- Award
Common Stock, $0.00001 par value
[F1]2026-06-11+9,616→ 212,297 total - Tax Payment
Common Stock, $0.00001 par value
[F2]2026-06-11$16.30/sh−4,357$71,019→ 207,940 total - Tax Payment
Common Stock, $0.00001 par value
[F3]2026-06-11$16.30/sh−4,126$67,254→ 203,814 total - Exercise/Conversion
Restricted Stock Units
[F5][F1]2026-06-11−9,616→ 9,616 total→ Common Stock (9,616 underlying)
- 52,094(indirect: By Trust)
Common Stock, $0.00001 par value
[F4]
Footnotes (5)
- [F1]Reflects the vesting of time-based restricted stock units ("RSUs") granted to the Reporting Person on June 11, 2024.
- [F2]The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of time-based RSUs granted on June 11, 2024. No shares were sold.
- [F3]The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of performance-based RSUs granted on June 11, 2024 that vested on March 18, 2026. No shares were sold.
- [F4]The reported shares are held by The LDPV Holding Trust, dated October 1, 2018, of which the reporting person's spouse is trustee and the reporting person has sole authority over the disposition of the shares of the Issuer held by the trust.
- [F5]Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.