Lovesac President receives new RSU grants and vesting

Lovesac Co President Mary Fox reported routine equity compensation activity.

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Form Type

Rhea-AI Filing Summary

Lovesac Co President Mary Fox reported routine equity compensation activity. She received grants of 77,701 time-based restricted stock units (RSUs) and 77,701 performance-based RSUs on April 15, 2026. Existing RSUs granted in 2023 and 2025 partially vested, converting 4,848 and 17,066 RSUs into common shares.

To cover tax liabilities from these RSU settlements, a total of 19,941 common shares were withheld at a price of $16.65 per share, and the footnotes state that no shares were sold. Following these transactions, Fox directly holds 69,202 shares of Lovesac common stock.

Insider Trade Summary

21,914 shares exercised/converted

Exercise 10 txns

Insider Fox Mary

Role President

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	77,701	$0.00	$0.00
Grant/Award	Restricted Stock Units (Performance-based Vesting)	77,701	$0.00	$0.00
Exercise	Restricted Stock Units	4,848	$0.00	$0.00
Exercise	Restricted Stock Units	17,066	$0.00	$0.00
Exercise	Common Stock, $0.00001 par value	4,848	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock, $0.00001 par value	2,296	$16.65	$38K
Exercise	Common Stock, $0.00001 par value	17,066	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock, $0.00001 par value	8,080	$16.65	$135K
Exercise Price or Tax Liability	Common Stock, $0.00001 par value	2,132	$16.65	$35K
Exercise Price or Tax Liability	Common Stock, $0.00001 par value	7,433	$16.65	$124K

Holdings After Transaction: Restricted Stock Units — 111,835 contracts (Direct); Restricted Stock Units (Performance-based Vesting) — 77,701 contracts (Direct); Common Stock, $0.00001 par value — 69,202 shares (Direct)

Footnotes (9)

F1. The reported shares were acquired upon the vesting of the third tranche of time-based restricted stock units ("RSUs") granted on April 15, 2023.
F2. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the third tranche of time-based RSUs granted on April 15, 2023. No shares were sold.
F3. The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2025.
F4. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of time-based RSUs granted on April 15, 2025. No shares were sold.
F5. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of a portion of the third tranche of performance-based RSUs granted on April 15, 2023. No shares were sold.
F6. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of a portion of the first tranche of performance-based RSUs granted on April 15, 2025. No shares were sold.
F7. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
F8. On April 15, 2026, the Reporting Person received a grant of RSUs which vest in three equal installments on the first, second and third anniversaries of the grant date.
F9. On April 15, 2026, the Reporting Person received a grant of performance-based RSUs which vest based on the Issuer's achievements with respect to certain pre-established performance targets for the performance period. Once earned, the performance-based RSUs are payable at the end of the three-year performance period.

Key Figures

Time-based RSU grant: 77,701 RSUs Performance-based RSU grant: 77,701 RSUs RSUs vested from 2023 grant: 4,848 RSUs +4 more

7 metrics

Time-based RSU grant 77,701 RSUs Granted April 15, 2026; vest in three equal annual installments

Performance-based RSU grant 77,701 RSUs Granted April 15, 2026; vest based on performance targets over three-year period

RSUs vested from 2023 grant 4,848 RSUs Third tranche of time-based RSUs granted April 15, 2023

RSUs vested from 2025 grant 17,066 RSUs First tranche of time-based RSUs granted April 15, 2025

Shares withheld for taxes 19,941 shares Tax withholding on RSU settlements at $16.65 per share

Tax withholding price $16.65 per share Price used for multiple F-code tax-withholding entries

Common shares held after transactions 69,202 shares Direct Lovesac common stock ownership following Form 4 transactions

Key Terms

Restricted Stock Units, performance-based RSUs, tax liability, vesting, +1 more

5 terms

Restricted Stock Units financial

"The reported shares were acquired upon the vesting of the third tranche of time-based restricted stock units ("RSUs") granted on April 15, 2023."

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.

performance-based RSUs financial

"a portion of the third tranche of performance-based RSUs granted on April 15, 2023."

Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.

tax liability financial

"were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the third tranche of time-based RSUs"

vesting financial

"received a grant of RSUs which vest in three equal installments on the first, second and third anniversaries of the grant date."

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.

performance targets financial

"performance-based RSUs which vest based on the Issuer's achievements with respect to certain pre-established performance targets"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Lovesac (LOVE) President Mary Fox report?

Mary Fox reported grants and vesting of restricted stock units, plus tax-related share withholdings. She received new time-based and performance-based RSU grants, had earlier RSUs vest into common shares, and saw a portion of those shares withheld to satisfy tax obligations, with no open-market sales.

How many new restricted stock units did Mary Fox receive from Lovesac (LOVE)?

Mary Fox received 77,701 time-based restricted stock units and 77,701 performance-based RSUs. The time-based RSUs vest in three equal annual installments, while the performance-based RSUs vest based on pre-established performance targets and are payable at the end of a three-year performance period.

Did Mary Fox sell any Lovesac (LOVE) shares in the reported Form 4?

No, the filing states that no shares were sold. Shares labeled with transaction code F were withheld by the company solely to satisfy Mary Fox’s tax liabilities arising from the settlement of vested RSUs granted in 2023 and 2025, not disposed of in market sales.

How many Lovesac (LOVE) common shares were withheld for Mary Fox’s taxes?

A total of 19,941 common shares were withheld for tax liabilities at a price of $16.65 per share. These withholdings related to settlements of both time-based and performance-based RSUs, as described in multiple footnotes clarifying that the withholdings were not open-market transactions.

What is Mary Fox’s Lovesac (LOVE) shareholding after these transactions?

After the RSU vesting and tax-withholding entries, Mary Fox directly holds 69,202 shares of Lovesac common stock. This post-transaction balance reflects new shares received from vested RSUs, net of shares withheld by the issuer to cover associated tax obligations on the equity awards.

How do Mary Fox’s new Lovesac (LOVE) RSU awards vest over time?

The April 15, 2026 time-based RSUs vest in three equal installments on the first, second, and third anniversaries of the grant date. The performance-based RSUs vest based on achieving specified performance targets, and once earned, are payable at the end of a three-year performance period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/17/2026 - 05:32 PM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fox Mary

(Last)

(First)

(Middle)

C/O THE LOVESAC COMPANY

421 ATLANTIC STREET, SUITE 201

(Street)

STAMFORD

CONNECTICUT

06901

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lovesac Co [ LOVE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, $0.00001 par value	04/15/2026		M		4,848⁽¹⁾	A	$0	72,077	D
Common Stock, $0.00001 par value	04/15/2026		F		2,296⁽²⁾	D	$16.65	69,781	D
Common Stock, $0.00001 par value	04/15/2026		M		17,066⁽³⁾	A	$0	86,847	D
Common Stock, $0.00001 par value	04/15/2026		F		8,080⁽⁴⁾	D	$16.65	78,767	D
Common Stock, $0.00001 par value	04/15/2026		F		2,132⁽⁵⁾	D	$16.65	76,635	D
Common Stock, $0.00001 par value	04/15/2026		F		7,433⁽⁶⁾	D	$16.65	69,202	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽⁷⁾	04/15/2026		A		77,701		⁽⁸⁾	⁽⁸⁾	Common Stock	77,701	$0	77,701	D
Restricted Stock Units (Performance-based Vesting)	$0⁽⁷⁾	04/15/2026		A		77,701		⁽⁹⁾	⁽⁹⁾	Common Stock	77,701	$0	77,701	D
Restricted Stock Units	⁽⁷⁾	04/15/2026		M			4,848	⁽¹⁾	⁽¹⁾	Common Stock	4,848	$0	0	D
Restricted Stock Units	⁽⁷⁾	04/15/2026		M			17,066	⁽³⁾	⁽³⁾	Common Stock	17,066	$0	34,134	D

Explanation of Responses:

1. The reported shares were acquired upon the vesting of the third tranche of time-based restricted stock units ("RSUs") granted on April 15, 2023.

2. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the third tranche of time-based RSUs granted on April 15, 2023. No shares were sold.

3. The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2025.

4. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of time-based RSUs granted on April 15, 2025. No shares were sold.

5. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of a portion of the third tranche of performance-based RSUs granted on April 15, 2023. No shares were sold.

6. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of a portion of the first tranche of performance-based RSUs granted on April 15, 2025. No shares were sold.

7. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.

8. On April 15, 2026, the Reporting Person received a grant of RSUs which vest in three equal installments on the first, second and third anniversaries of the grant date.

9. On April 15, 2026, the Reporting Person received a grant of performance-based RSUs which vest based on the Issuer's achievements with respect to certain pre-established performance targets for the performance period. Once earned, the performance-based RSUs are payable at the end of the three-year performance period.

Remarks:

	/s/ Megan C. Preneta, as Attorney-in-Fact for Mary Fox	04/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR