Lovesac (LOVE) director adds 279 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lovesac Company director Andrew R. Heyer reported a routine equity compensation transaction. On February 3, 2026, 279 restricted stock units vested, converting into 279 shares of Lovesac common stock at a reported price of $0 per share. These RSUs were originally granted on February 3, 2025.
Following this vesting, Heyer directly beneficially owns 250,643 shares of Lovesac common stock. Each RSU represented the right to receive one share upon vesting, so this filing mainly reflects the delivery of previously awarded stock-based compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
279 shares exercised/converted
Mixed
2 txns
Insider
HEYER ANDREW R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 279 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.00001 | 279 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock, par value $0.00001 — 250,643 shares (Direct)
Footnotes (1)
- The reported shares were acquired upon the vesting of RSUs granted to the Reporting Person on February 3, 2025. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
FAQ
What insider transaction did Lovesac (LOVE) report for Andrew R. Heyer?
Lovesac director Andrew R. Heyer reported the vesting of 279 restricted stock units, which converted into 279 shares of common stock at a reported price of $0, reflecting previously granted equity compensation rather than an open-market transaction.
What does each restricted stock unit (RSU) represent in the Lovesac (LOVE) filing?
Each restricted stock unit in this Lovesac filing represents a contingent right to receive one share of Lovesac common stock upon vesting. When the RSUs vested on February 3, 2026, they were settled by issuing 279 shares directly to the reporting person.
Is the Lovesac (LOVE) Form 4 transaction an open-market sale or purchase?
The Form 4 does not show an open-market sale or purchase. It reports vesting and settlement of 279 restricted stock units into 279 shares of Lovesac common stock as part of Andrew R. Heyer’s stock-based compensation.