Farag Andrew 4

What Happened

• Andrew Farag, EVP and CFO of Lovesac Co (NASDAQ: LOVE), was granted 28,843 restricted stock units (RSUs) on June 23, 2026. The grant is reported as a derivative award (price $0.00, total reported value $0) because RSUs represent the contingent right to receive shares upon vesting. This was a compensation grant, not a purchase or sale.

Key Details

• Transaction date: 2026-06-23; filing date: 2026-06-24 (timely filing).
• Grant type: Award/Grant (derivative RSUs), reported at $0.00 per share.
• Number of RSUs granted: 28,843.
• Vesting: RSUs vest in three equal installments on the first, second and third anniversaries of the grant (per footnote).
• Shares owned after transaction: Not specified in the supplied summary—see the full Form 4 for post-transaction holdings.
• Footnotes: F1 — each RSU converts to one share upon vesting; F2 — three-year, equal annual vesting schedule.
• No indication of tax withholding, immediate sale, 10b5-1 plan, or late filing in the provided data.

Context

• RSU grants are a common form of executive compensation designed to align executives with long-term shareholder value; they do not represent an immediate market purchase or sale. The RSUs will only become common shares (and potentially tradable) as they vest according to the schedule.