Lovesac (LOVE) President Mary Fox awarded RSUs and net shares after tax withholdings
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,914 shares exercised/converted
Mixed
10 txns
Insider
Fox Mary
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 77,701 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Performance-based Vesting) | 77,701 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,848 | $0.00 | -- |
| Exercise | Restricted Stock Units | 17,066 | $0.00 | -- |
| Exercise | Common Stock, $0.00001 par value | 4,848 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.00001 par value | 2,296 | $16.65 | $38K |
| Exercise | Common Stock, $0.00001 par value | 17,066 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.00001 par value | 8,080 | $16.65 | $135K |
| Tax Withholding | Common Stock, $0.00001 par value | 2,132 | $16.65 | $35K |
| Tax Withholding | Common Stock, $0.00001 par value | 7,433 | $16.65 | $124K |
Holdings After Transaction:
Restricted Stock Units — 77,701 shares (Direct);
Restricted Stock Units (Performance-based Vesting) — 77,701 shares (Direct);
Common Stock, $0.00001 par value — 72,077 shares (Direct)
Footnotes (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. 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. The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2025. 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. 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. 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. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. 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. 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
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.
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.