Lovesac (LOVE) director adds 6,308 shares, receives 7,947 new RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lovesac Co director Walter Field McLallen increased his equity stake through routine equity compensation. He acquired 6,308 shares of common stock at $0.00 per share upon vesting of restricted stock units that were originally granted on June 10, 2025. Following this vesting, he directly holds 46,308 common shares.
Separately, McLallen received a new grant of 7,947 restricted stock units, each representing the right to receive one share of common stock upon vesting. The filing states that 100% of this new RSU grant is scheduled to vest on June 9, 2027. No open-market purchases or sales were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,308 shares exercised/converted
Mixed
3 txns
Insider
McLallen Walter Field
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,308 | $0.00 | -- |
| Grant/Award | Common Stock, $0.00001 par value | 6,308 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 7,947 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock, $0.00001 par value — 46,308 shares (Direct, null)
Footnotes (1)
- The reported shares were acquired upon the vesting of RSUs granted to the Reporting Person on June 10, 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. The Reporting Person received a grant of RSUs of which 100% are subject to vesting on June 9, 2027.
Key Figures
Shares acquired via RSU vesting: 6,308 shares
Total common shares after transactions: 46,308 shares
New RSU grant: 7,947 RSUs
+2 more
5 metrics
Shares acquired via RSU vesting
6,308 shares
Common stock received at $0.00 per share
Total common shares after transactions
46,308 shares
Direct holdings following RSU vesting
New RSU grant
7,947 RSUs
Grant reported with 100% vesting on June 9, 2027
RSU conversion price
$0.00 per share
Exercise/conversion price for 6,308 RSUs into common stock
RSU vesting date for new grant
June 9, 2027
Date when 7,947 RSUs are scheduled to vest 100%
Key Terms
Restricted Stock Units, vesting, contingent right
3 terms
Restricted Stock Units financial
"The Reporting Person received a grant of RSUs of which 100% are subject to vesting on June 9, 2027."
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.
vesting financial
"The reported shares were acquired upon the vesting of RSUs granted to the Reporting Person on June 10, 2025."
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.
contingent right financial
"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 did Lovesac (LOVE) director Walter Field McLallen report in this Form 4?
Walter Field McLallen reported routine equity compensation changes. He acquired 6,308 Lovesac common shares through RSU vesting and received a new grant of 7,947 restricted stock units, with no open-market buying or selling disclosed in this filing.
What restricted stock unit (RSU) activity did Lovesac (LOVE) disclose for Walter Field McLallen?
The filing shows 6,308 RSUs converted into Lovesac common shares at $0.00 per share and a new award of 7,947 RSUs. Each RSU represents a contingent right to receive one common share upon vesting, according to the disclosure language.
When will Walter Field McLallen’s new Lovesac (LOVE) RSU grant vest?
The new grant of 7,947 restricted stock units to Walter Field McLallen is scheduled to vest 100% on June 9, 2027. At vesting, each RSU entitles him to receive one share of Lovesac common stock, subject to the award terms.
Did the Lovesac (LOVE) Form 4 show any open-market stock sales or purchases?
The Form 4 does not show any open-market sales or purchases. All reported changes come from RSU vesting into 6,308 common shares at $0.00 per share and a new grant of 7,947 RSUs, which are compensation-related transactions.