Lovesac (LOVE) board member receives new RSU awards in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lovesac Co (LOVE) reported a new equity award to a director. On November 25, 2025, the director received two grants of restricted stock units (RSUs): one for 5,092 RSUs and another for 3,055 RSUs, both at an exercise price of $0 and held as direct ownership.
Each RSU gives the right to receive one share of Lovesac common stock when it vests. Both grants are scheduled to vest 100% on November 25, 2026, and the smaller grant was elected in lieu of the director’s cash retainer for board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Martello Wan Ling
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,092 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,055 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,092 shares (Direct)
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. The Reporting Person received a grant of RSUs of which 100% are subject to vesting on November 25, 2026. Represents RSUs elected in lieu of the reporting person's cash retainer for service on the Issuer's board of directors, of which 100% are subject to vesting on November 25, 2026.
FAQ
What did Lovesac (LOVE) report in this Form 4 filing?
The filing reports that a Lovesac director received two grants of restricted stock units (RSUs) on November 25, 2025, as part of equity compensation for board service.
How many RSUs were granted to the Lovesac (LOVE) director?
The director received one grant of 5,092 RSUs and a second grant of 3,055 RSUs, each representing the right to receive one share of Lovesac common stock upon vesting.
When do the new Lovesac (LOVE) RSU grants vest?
Both RSU grants are scheduled to vest 100% on November 25, 2026, at which time the director would receive an equal number of Lovesac common shares, subject to any other plan terms.
What is the exercise or purchase price for the Lovesac (LOVE) RSUs?
The RSUs reported have an exercise price of $0, meaning no cash payment is required by the director to receive the shares when the RSUs vest.
Why did the Lovesac (LOVE) director receive 3,055 RSUs?
The 3,055 RSUs were elected by the director in lieu of the cash retainer for serving on Lovesac’s board of directors, and they vest in full on November 25, 2026.
How are these Lovesac (LOVE) RSUs held by the reporting person?
The filing shows the RSUs as held in direct ownership by the reporting person.