Lovesac (LOVE) CEO Nelson purchases 1,830 shares in open-market trade
Rhea-AI Filing Summary
Lovesac Co Chief Executive Officer Shawn David Nelson reported an open-market purchase of 1,830 shares of common stock at $13.6400 per share. After this transaction, he directly owns 205,644 shares. A further 52,094 shares are held indirectly through The LDPV Holding Trust, over which he has sole disposition authority.
Positive
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Negative
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Insights
CEO reported a modest open-market share purchase with unchanged overall role.
Lovesac Co CEO Shawn David Nelson bought 1,830 common shares in an open-market transaction at $13.6400 per share. Open-market purchases generally reflect an active decision to add exposure, but the dollar size here appears limited based on the disclosed share count.
Following the trade, Nelson holds 205,644 shares directly and 52,094 shares indirectly via The LDPV Holding Trust, where he has sole authority over disposition of the issuer shares. There are no derivative positions listed in this filing, so the transactions relate only to common stock holdings.
Insider Trade Summary
Net Buyer: 1,830 shares
Net Buy
2 txns
Insider
Nelson Shawn David
Role
Chief Executive Officer
Bought
1,830 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, $0.00001 par value | 1,830 | $13.64 | $25K |
| holding | Common Stock, $0.00001 par value | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.00001 par value — 205,644 shares (Direct);
Common Stock, $0.00001 par value — 52,094 shares (Indirect, The LPDV Holding Trust)
Footnotes (1)
- F1. 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.
Key Figures
Shares purchased: 1,830 shares
Purchase price: $13.6400 per share
Direct holdings after trade: 205,644 shares
+2 more
5 metrics
Shares purchased
1,830 shares
Open-market purchase of common stock
Purchase price
$13.6400 per share
Price paid in the open-market transaction
Direct holdings after trade
205,644 shares
Common stock directly owned after transaction
Indirect holdings via trust
52,094 shares
Common stock held by The LDPV Holding Trust
Net buy shares
1,830 shares
Net buy-sell direction is net-buy in transactionSummary
Key Terms
open-market purchase, indirect ownership, Form 4, common stock, +1 more
5 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"ownership_type: indirect; shares held by The LDPV Holding Trust"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
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.
common stock financial
"security_title: Common Stock, $0.00001 par value"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
trustee financial
"the reporting person's spouse is trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What insider transaction did Lovesac (LOVE) CEO Shawn David Nelson report?
Shawn David Nelson reported an open-market purchase of 1,830 shares of Lovesac common stock. The shares were acquired at a price of $13.6400 per share, increasing his directly held stake as disclosed in this Form 4 insider filing.
What is The LDPV Holding Trust mentioned in the Lovesac (LOVE) Form 4?
The LDPV Holding Trust holds 52,094 Lovesac shares reported as indirect ownership. The CEO’s spouse is trustee, and the CEO has sole authority over disposition of the issuer shares held by the trust, according to the Form 4 footnote disclosure.
Does the Lovesac (LOVE) Form 4 show any derivative securities for the CEO?
The Form 4 lists no derivative securities for the CEO in the derivativeSummary. The disclosed positions consist solely of Lovesac common stock, split between directly held shares and shares held indirectly through The LDPV Holding Trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
