X0306 4 2020-08-20 0001397187 lululemon athletica inc. LULU 0001749971 MCDONALD CALVIN C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7 BRITISH COLUMBIA, CANADA 1 1 0 0 Chief Executive Officer Common Stock 2020-08-20 4 M 0 14488 A 33543 D Common Stock 2020-08-20 4 D 0 14488 366.42 D 19055 D Restricted Stock Units 2020-08-20 4 M 0 14488 0 D Common Stock 14488 14926 D Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units may be settled in issuer common stock or in cash at the election of the reporting person. The reporting person elected to have these restricted stock units settled in cash. The restricted stock unit vested as to 33% on each of August 20, 2019 and August 20, 2020 and will vest with respect to 34% on August 20, 2021, subject to the reporting person's continued employment or association with the issuer through such date. /s/ Calvin McDonald by Alex Grieve, Attorney-in-Fact 2020-08-24