Lovesac (LOVE) CFO Andrew Farag Receives RSU Award

What Happened

• Andrew Farag, EVP and Chief Financial Officer of Lovesac Co (LOVE), was reported as receiving a grant of 1,132 restricted stock units (RSUs). The Form 4 lists the transaction on 2026-07-17 as an award (derivative) of 1,132 units at $0.00 (reported value $0).
• This was an equity award (grant), not a purchase or sale. RSUs are compensation that convert into shares only upon vesting, so this is not an immediate open‑market investment signal.

Key Details

• Transaction date(s) and price(s): Form 4 transaction date 2026-07-17; filing submitted 2026-07-21. Report shows 1,132 RSUs @ $0.00 (derivative).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 – each RSU represents the contingent right to receive one share upon vesting. F2 – the grant date is June 17, 2026, and the RSUs vest in three equal installments on the first, second and third anniversaries of that grant date.
• Timeliness: Filing date is 2026-07-21 for a report period of 2026-07-17; the Form 4 does not annotate additional timeliness information in this summary—see the full filing for any late‑reporting disclosures.

Context

• RSU grants are common executive compensation; they become actual shares only as they vest and typically generate ordinary income taxable at vesting. This award increases potential future share ownership but does not represent an immediate buy or sell of stock.