Lovesac Co (LOVE) director Andrew Heyer purchases 30,000 shares of stock
Rhea-AI Filing Summary
Lovesac Co director Andrew R. Heyer purchased additional company stock in the open market. On June 18, 2026, he bought 30,000 shares of common stock at a weighted average price of $14.68 per share. Following this transaction, he directly owns 293,259 shares of Lovesac common stock.
Positive
- None.
Negative
- None.
Insights
Director made a meaningful open-market share purchase, modestly increasing personal stake.
Director Andrew R. Heyer executed an open-market purchase of 30,000 shares of Lovesac Co common stock at a weighted average price of $14.68 on June 18, 2026. This is a discretionary transaction, not an automatic grant or tax-related event.
After the purchase, he directly holds 293,259 shares, so the transaction increased his position by a noticeable but not dominant portion. There are no remaining derivative positions listed in this filing, and no indication that the trade occurred under a pre-arranged Rule 10b5-1 plan.
Insider Trade Summary
Net Buyer: 30,000 shares
Net Buy
1 txn
Insider
HEYER ANDREW R
Role
Director
Bought
30,000 shs ($440K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.00001 | 30,000 | $14.68 | $440K |
Holdings After Transaction:
Common Stock, par value $0.00001 — 293,259 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.105 to $14.830. The reporting person undertakes to provide to The Lovesac Company, any security holder of The Lovesac Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares purchased: 30,000 shares
Purchase price: $14.68 per share
Post-transaction holdings: 293,259 shares
+2 more
5 metrics
Shares purchased
30,000 shares
Open-market buy on June 18, 2026
Purchase price
$14.68 per share
Weighted average price for 30,000 shares
Post-transaction holdings
293,259 shares
Common stock directly owned after transaction
Net buy shares
30,000 shares
Net change across all reported transactions
Price range of executions
$14.105–$14.830
Range of trade prices mentioned in footnote
Key Terms
open-market purchase, weighted average price, Form 4
3 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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.
FAQ
What did Lovesac Co (LOVE) director Andrew R. Heyer report in this Form 4?
Andrew R. Heyer reported buying 30,000 shares of Lovesac Co common stock in an open-market transaction. The shares were acquired at a weighted average price of $14.68 per share on June 18, 2026, increasing his direct ownership stake.
Was the Lovesac Co (LOVE) Form 4 transaction an open-market purchase or another type?
The Form 4 classifies the transaction as an open-market purchase, code “P”. This means Andrew R. Heyer chose to buy shares in the market, rather than receiving them as a grant, option exercise, gift, or tax-related withholding event.
Does Lovesac Co (LOVE) director Andrew R. Heyer have any reported derivative positions in this filing?
No derivative securities are listed for Andrew R. Heyer in this Form 4. The derivative summary is empty, indicating the filing only reports non-derivative common stock transactions, specifically the 30,000-share open-market purchase on June 18, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
