[Form 3] Lifevantage Corp Initial Statement of Beneficial Ownership
Lifevantage (LFVN) disclosed the initial insider holdings of its Chief Information Officer.
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Rhea-AI Filing Summary
Lifevantage (LFVN) disclosed the initial insider holdings of its Chief Information Officer. The officer directly owns 40,336 shares of common stock and holds 3,750 performance restricted stock units (PRSUs) at target eligibility.
The PRSUs were granted on December 23, 2024 and vest only upon achievement of specified financial performance criteria: 50% vested on August 31, 2025, with 30% scheduled for August 31, 2026 and 20% on August 31, 2027. Upon maximum performance achievement, up to 200% of the target number of units may be earned.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Each Performance Restricted Stock Unit ("PRSU") represents a right to receive one share of issuer common stock, with the total number of units reflecting the number that are eligible to be earned at target-level performance achievement. Upon achievement of the maximum level of the applicable performance criteria, the reporting person may become eligible to earn 200% of the target number of units.
- F2. The PRSUs were granted on December 23, 2024. The number reported reflects the unvested PRSUs remaining under such grant. The PRSUs will vest only to the extent the specified financial performance criteria are achieved and subject to the reporting person's continued service with the issuer, as follows (i) 50% of the earned award vested on August 31, 2025 (ii) 30% of the earned award will vest on August 31, 2026 and (iii) 20% of the earned award will vest on August 31, 2027.
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