Lovesac (LOVE) director Andrew Heyer reports RSU vesting and new equity awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lovesac Co director Andrew R. Heyer reported stock-based compensation activity involving restricted stock units (RSUs) and common shares. On June 10, 2026, 6,308 RSUs vested and were converted into 6,308 shares of common stock, reflecting prior equity awards for board service.
On June 9, 2026, he also received new RSU grants covering 7,947 units, including awards granted in lieu of his cash retainer for fiscal 2027. These RSUs are scheduled to vest on June 9, 2027, each unit representing the right to receive one share of Lovesac common stock upon vesting. The filing shows only acquisitions and exercises, with no share sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,616 shares exercised/converted
Mixed
6 txns
Insider
HEYER ANDREW R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,308 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,308 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.00001 | 6,308 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.00001 | 6,308 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 7,947 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 7,947 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock, par value $0.00001 — 256,951 shares (Direct, null)
Footnotes (1)
- The reported shares were acquired upon the vesting of RSUs granted to the Reporting Person on June 10, 2025. 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, which vested on June 10, 2026. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The Reporting Person received a grant of RSUs of which 100% are subject to vesting on June 9, 2027. 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 2027, which vest on June 9, 2027.
Key Figures
RSUs vested: 6,308 units
Common shares from RSU vesting: 6,308 shares
New RSU grant: 7,947 units
+3 more
6 metrics
RSUs vested
6,308 units
RSUs vested and converted into common stock on June 10, 2026
Common shares from RSU vesting
6,308 shares
Common Stock, par value $0.00001, acquired at $0.0000 per share
New RSU grant
7,947 units
RSUs granted on June 9, 2026 with future vesting
RSU exercises
12,616 units
Total derivative exercises (M code) reported in this filing
RSU vesting date (existing award)
June 10, 2026
Vesting of RSUs granted June 10, 2025 for board service
RSU vesting date (new award)
June 9, 2027
100% of newly granted RSUs scheduled to vest on this date
Key Terms
Restricted Stock Units, cash retainer, contingent right, vesting, +1 more
5 terms
Restricted Stock Units financial
"The reported shares were acquired upon the vesting of RSUs granted to the Reporting Person"
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.
cash retainer financial
"Represents RSUs elected by the Reporting Person in lieu of the Reporting Person's cash retainer"
contingent right financial
"Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting"
vesting financial
"100% are subject to vesting on June 9, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did Lovesac (LOVE) director Andrew Heyer report?
Andrew Heyer reported the vesting and conversion of 6,308 RSUs into common stock and the grant of 7,947 new RSUs. These transactions represent equity compensation for his board service, with no open-market share purchases or sales disclosed.
How many Lovesac (LOVE) restricted stock units vested for Andrew Heyer?
A total of 6,308 restricted stock units vested and were converted into 6,308 shares of Lovesac common stock. These RSUs related to awards originally granted on June 10, 2025 for Heyer’s prior service on the company’s board of directors.
What new RSU awards did Andrew Heyer receive from Lovesac (LOVE)?
Heyer received 7,947 new RSUs, including units elected in lieu of his cash retainer for fiscal 2027. According to the filing, 100% of these RSUs are scheduled to vest on June 9, 2027, subject to continued board service.
What do Lovesac (LOVE) RSUs represent for Andrew Heyer?
Each Lovesac RSU represents a contingent right to one share of common stock upon vesting. For Heyer, vested RSUs automatically convert into common shares, while unvested RSUs remain as deferred equity compensation tied to future vesting dates.
Were any of Andrew Heyer’s Lovesac (LOVE) awards taken in lieu of cash?
Yes. The filing states some RSUs were elected in lieu of his cash retainer for board service for fiscal 2026 and fiscal 2027. These equity-based retainers vest on specified future dates instead of immediate cash payments.