0001628280-23-011945.txt : 20230418 0001628280-23-011945.hdr.sgml : 20230418 20230418160639 ACCESSION NUMBER: 0001628280-23-011945 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: Krause Albert Jack CENTRAL INDEX KEY: 0001729258 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38555 FILM NUMBER: 23826884 MAIL ADDRESS: STREET 1: 2 LANDMARK SQUARE STREET 2: SUITE 300 CITY: STAMFORD STATE: CT ZIP: 06820 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_168184838817523.xml FORM 4 X0407 4 2023-04-15 0 0001701758 Lovesac Co LOVE 0001729258 Krause Albert Jack C/O THE LOVESAC COMPANY TWO LANDMARK SQUARE, SUITE 300 STAMFORD CT 06901 1 1 0 0 Chief Strategy Officer 0 Common Stock, $0.00001 par value 2023-04-15 4 F 0 1278 28.49 D 162329 D Common Stock, $0.00001 par value 2023-04-15 4 M 0 2772 0 A 165101 D Common Stock, $0.00001 par value 2023-04-15 4 F 0 1327 28.49 D 163774 D Restricted Stock Units 2023-04-15 4 A 0 14544 0 A Common Stock 14544.0 14544 D Restricted Stock Units (Performance-based Vesting) 2023-04-15 4 A 0 14544 0 A Common Stock 14544.0 29088 D Restricted Stock Units (Performance-based Vesting) 2023-04-15 4 A 0 13690 0 A Common Stock 13690.0 13690 D Restricted Stock Units 2023-04-15 4 M 0 2772 0 D Common Stock 2772.0 5544 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 29,088 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 Jack A. Krause 2023-04-18