0001628280-23-011941.txt : 20230418
0001628280-23-011941.hdr.sgml : 20230418
20230418160335
ACCESSION NUMBER: 0001628280-23-011941
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230415
FILED AS OF DATE: 20230418
DATE AS OF CHANGE: 20230418
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Dellomo Donna
CENTRAL INDEX KEY: 0001442517
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38555
FILM NUMBER: 23826814
MAIL ADDRESS:
STREET 1: 35 SAWGRASS DRIVE
STREET 2: SUITE 2
CITY: BELLPORT
STATE: NY
ZIP: 11713
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Lovesac Co
CENTRAL INDEX KEY: 0001701758
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712]
IRS NUMBER: 320514958
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0131
BUSINESS ADDRESS:
STREET 1: TWO LANDMARK SQUARE, SUITE 300
CITY: STAMFORD
STATE: CT
ZIP: 06901
BUSINESS PHONE: 203-817-2279
MAIL ADDRESS:
STREET 1: TWO LANDMARK SQUARE, SUITE 300
CITY: STAMFORD
STATE: CT
ZIP: 06901
4
1
wf-form4_168184819603453.xml
FORM 4
X0407
4
2023-04-15
0
0001701758
Lovesac Co
LOVE
0001442517
Dellomo Donna
C/O THE LOVESAC COMPANY
TWO LANDMARK SQUARE, SUITE 300
STAMFORD
CT
06901
0
1
0
0
EVP and CFO
0
Common Stock, $0.00001 par value
2023-04-15
4
F
0
504
28.49
D
104705
D
Common Stock, $0.00001 par value
2023-04-15
4
M
0
1054
0
A
105759
D
Common Stock, $0.00001 par value
2023-04-15
4
F
0
542
28.49
D
105217
D
Restricted Stock Units
2023-04-15
4
A
0
5533
0
A
Common Stock
5533.0
5533
D
Restricted Stock Units (Performance-based Vesting)
2023-04-15
4
A
0
5533
0
A
Common Stock
5533.0
11066
D
Restricted Stock Units (Performance-based Vesting)
2023-04-15
4
A
0
22814
0
A
Common Stock
22814.0
22814
D
Restricted Stock Units
2023-04-15
4
M
0
1054
0
D
Common Stock
1054.0
2110
D
The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of performance-based restricted stock units ("RSUs") granted on April 15, 2022 that vested on March 23, 2023. No shares were sold.
The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2022.
The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of time-based RSUs granted on April 15, 2022. No shares were sold.
Each RSU represents the contingent right to receive, upon vesting and settlement of the RSU, one share of the Issuer's common stock.
On April 15, 2023, the Reporting Person received a grant of 11,066 RSUs, of which (a) 50% vest in three equal installments on the first, second and third anniversaries of the grant date, and (b) 50% vest in three tranches with each tranche eligible to vest based on the Issuer's achievements of certain financial performance targets for the applicable performance period.
On April 15, 2023, the Reporting Person received a grant of RSUs which vest in a single tranche based on the Issuer's achievements of certain stretch financial performance targets for the performance period.
/s/ Megan C. Preneta, as Attorney-in-Fact for Donna Dellomo
2023-04-15