X0306 4 2020-12-11 0001397187 lululemon athletica inc. LULU 0001833934 FRANK MEGHAN C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7 BRITISH COLUMBIA, CANADA 0 1 0 0 Chief Financial Officer Common Stock 2020-12-11 4 A 0 75 344.32 A 4382 D Stock Option (Right to Buy) 344.32 2020-12-11 4 A 0 373 0 A 2027-12-11 Common Stock 373 373 D Restricted stock units convert into common stock on a one-for-one basis. The reporting person received a restricted stock unit award which vests as to 33% on December 11, 2021, 33% on December 11, 2022 and 34% on December 11, 2023, subject to the reporting person's continued employment or association with the issuer through each such date. These options shall vest as to 25% on each of December 11, 2021, December 11, 2022, December 11, 2023 and December 11, 2024, subject to the reporting person's continued employment or association with the issuer through each such date. Meghan Frank by Alex Grieve, Attorney-in-Fact 2020-12-15