Lovesac (LOVE) director records 6,308 RSUs in lieu of cash retainer

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

HEYER ANDREW R reported acquisition or exercise transactions in this Form 4 filing.

Lovesac Co director Andrew R. Heyer reported a grant of 6,308 restricted stock units (RSUs) tied to his board compensation. The RSUs were elected in lieu of his cash retainer for fiscal 2026 and each RSU represents the right to receive one share of Lovesac common stock upon vesting.

The filing notes that 100% of these RSUs vested on June 10, 2026. This amended Form 4 corrects a prior omission where these holdings were not previously reported. The transaction reflects a compensation-related award rather than an open-market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HEYER ANDREW R

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	6,308	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null)

Footnotes (1)

Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. Represents RSUs elected by the Reporting Person in lieu of the Reporting Person's cash retainer for service on the Issuer's board of directors for fiscal 2026, of which 100% vested on June 10, 2026. These holdings were inadvertently omitted from the previously filed Form 4 and are reported herein to correct that omission.

Key Figures

RSUs granted: 6,308 units Grant transaction price: $0.00 per unit Underlying common shares: 6,308 shares +4 more

7 metrics

RSUs granted 6,308 units Restricted stock units elected in lieu of fiscal 2026 cash retainer

Grant transaction price $0.00 per unit Stated transaction price for the RSU award

Underlying common shares 6,308 shares Each RSU converts into one share of Lovesac common stock

Vesting date June 10, 2026 100% of the RSUs vested on this date

Derivative holdings after transaction 0 units Total derivative securities reported following this RSU transaction

Derivative transactions 1 transaction Single derivative-type transaction reported in this Form 4/A

Acquisition events 1 acquisition One grant/award acquisition recorded in transaction summary

Key Terms

Restricted Stock Units, RSU, contingent right, cash retainer, +2 more

6 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSU financial

"Each restricted stock unit ("RSU") represents the contingent right to receive"

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

contingent right financial

"represents the contingent right to receive, upon vesting of the RSU, one share"

cash retainer financial

"RSUs elected by the Reporting Person in lieu of the Reporting Person's cash retainer"

board of directors financial

"cash retainer for service on the Issuer's board of directors for fiscal 2026"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

Form 4 regulatory

"inadvertently omitted from the previously filed Form 4 and are reported herein"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Form 4 Insider Transactions: What Each Field Means →

06/10/2026 - 07:19 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HEYER ANDREW R

(Last)

(First)

(Middle)

C/O THE LOVESAC COMPANY

421 ATLANTIC STREET, SUITE 201

(Street)

STAMFORD

CONNECTICUT

06901

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lovesac Co [ LOVE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/10/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/11/2025

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	06/10/2025		A		6,308		⁽²⁾	⁽²⁾	Common Stock	6,308	$0	0	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.

2. Represents RSUs elected by the Reporting Person in lieu of the Reporting Person's cash retainer for service on the Issuer's board of directors for fiscal 2026, of which 100% vested on June 10, 2026. These holdings were inadvertently omitted from the previously filed Form 4 and are reported herein to correct that omission.

Remarks:

	/s/ Megan C. Preneta, Attorney-in-Fact for Andrew R. Heyer	06/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Lovesac (LOVE) director Andrew R. Heyer report in this Form 4/A?

Andrew R. Heyer reported receiving 6,308 restricted stock units (RSUs) as part of his board compensation. The RSUs were granted in lieu of his cash retainer for Lovesac’s fiscal 2026 and are settled in shares of common stock upon vesting.

How many Lovesac (LOVE) restricted stock units were granted and at what price?

The director was granted 6,308 restricted stock units with a stated price of $0.00 per unit. These RSUs are a non-cash equity award tied to board service, delivering one share of Lovesac common stock for each unit when the award vests.

When do Andrew Heyer’s Lovesac (LOVE) RSUs from this grant vest?

The filing states that 100% of the 6,308 restricted stock units vested on June 10, 2026. Upon vesting, each RSU entitles the holder to receive one share of Lovesac common stock, converting the award into actual equity ownership at that time.

Is this Lovesac (LOVE) Form 4/A an open-market stock purchase or sale?

No, this Form 4/A reflects a compensation-related RSU grant, not an open-market trade. The 6,308 units were awarded in lieu of cash board fees and convert into common shares upon vesting, rather than being bought or sold on the open market.

Why was an amended Form 4/A filed for Lovesac (LOVE) in this case?

The amended Form 4/A was filed because these RSU holdings were inadvertently omitted from a previously filed Form 4. The current report corrects that omission by fully disclosing the 6,308 restricted stock units granted as fiscal 2026 board compensation.

What does each Lovesac (LOVE) restricted stock unit represent in this filing?

Each restricted stock unit represents a contingent right to receive one share of Lovesac common stock upon vesting. This means the director’s 6,308 RSUs can convert into 6,308 common shares after the vesting date, aligning board compensation with shareholder equity.