0001628280-24-016409.txt : 20240416
0001628280-24-016409.hdr.sgml : 20240416
20240416162815
ACCESSION NUMBER: 0001628280-24-016409
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240415
FILED AS OF DATE: 20240416
DATE AS OF CHANGE: 20240416
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Nelson Shawn David
CENTRAL INDEX KEY: 0001730879
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38555
FILM NUMBER: 24848146
MAIL ADDRESS:
STREET 1: 2 LANDMARK SQUARE
STREET 2: SUITE 300
CITY: STAMFORD
STATE: CT
ZIP: 06901
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Lovesac Co
CENTRAL INDEX KEY: 0001701758
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 320514958
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0204
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
wk-form4_1713299286.xml
FORM 4
X0508
4
2024-04-15
0
0001701758
Lovesac Co
LOVE
0001730879
Nelson Shawn David
C/O THE LOVESAC COMPANY
TWO LANDMARK SQUARE, SUITE 300
STAMFORD
CT
06901
1
1
0
0
Chief Executive Officer
0
Common Stock, $0.00001 par value
2024-04-15
4
M
0
4848
0
A
184818
D
Common Stock, $0.00001 par value
2024-04-15
4
F
0
2288
18.80
D
182530
D
Common Stock, $0.00001 par value
2024-04-15
4
M
0
2772
0
A
185302
D
Common Stock, $0.00001 par value
2024-04-15
4
F
0
1256
18.80
D
184046
D
Common Stock, $0.00001 par value
52094
I
The LPDV Holding Trust
Restricted Stock Units
2024-04-15
4
A
0
33528
0
A
Common Stock
33528
33528
D
Restricted Stock Units (Performance-based Vesting)
2024-04-15
4
A
0
33528
0
A
Common Stock
33528
33528
D
Restricted Stock Units (Performance-based Vesting)
2024-04-15
4
A
0
69290
0
A
Common Stock
69290
69290
D
Restricted Stock Units (Performance-based Vesting)
2024-04-15
4
A
0
44144
0
A
Common Stock
44144
44144
D
Restricted Stock Units
2024-04-15
4
M
0
4848
0
D
Common Stock
4848
9696
D
Restricted Stock Units
2024-04-15
4
M
0
2772
0
D
Common Stock
2772
2772
D
Restricted Stock Units (Performance-based Vesting)
2024-04-15
4
D
0
72244
0
D
Common Stock
72244
0
D
Restricted Stock Units (Performance-based Vesting)
2024-04-15
4
D
0
35848
0
D
Common Stock
35848
0
D
The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2023.
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, 2023. No shares were sold.
The reported shares were acquired upon the vesting of the second 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 second tranche of time-based RSUs granted on April 15, 2022. No shares were sold.
The reported shares are held by The LDPV Holding Trust, dated October 1, 2018, of which the reporting person's spouse is trustee and the reporting person has sole authority over the disposition of the shares of the Issuer held by the trust.
Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
On April 15, 2024, the Reporting Person received a grant of 67,056 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, 2024, 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.
Reflects performance-based RSUs granted on April 15, 2023 which were forfeited and cancelled in return for consideration.
Reflects performance-based RSUs granted on April 15, 2022 which were forfeited and cancelled in return for consideration.
/s/ Megan C. Preneta, as Attorney-in-Fact for Shawn Nelson
2024-04-16