Lovesac (LOVE) CEO logs RSU vesting, tax share withholding and updated holdings
Rhea-AI Filing Summary
Lovesac Co chief executive officer Shawn David Nelson reported equity compensation activity and related tax withholding. Time-based and performance-based restricted stock units vested, resulting in an acquisition of 9,616 shares of common stock at a stated price of $0.00 per share. The filing shows that 8,483 shares of common stock were withheld at $16.30 per share to cover tax liabilities tied to these RSU vestings; the footnotes clarify that no shares were sold on the market. Following these transactions, Nelson directly holds 203,814 shares of Lovesac common stock and indirectly holds 52,094 shares through The LDPV Holding Trust, over which he has sole authority regarding disposition.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,133 shares
Net Buy
5 txns
Insider
Nelson Shawn David
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,616 | $0.00 | $0.00 |
| Grant/Award | Common Stock, $0.00001 par value | 9,616 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $0.00001 par value | 4,357 | $16.30 | $71K |
| Exercise Price or Tax Liability | Common Stock, $0.00001 par value | 4,126 | $16.30 | $67K |
| holding | Common Stock, $0.00001 par value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 9,616 shares (Direct);
Common Stock, $0.00001 par value — 203,814 shares (Direct);
Common Stock, $0.00001 par value — 52,094 shares (Indirect, The LPDV Holding Trust)
Footnotes (5)
- F1. Reflects the vesting of time-based restricted stock units ("RSUs") granted to the Reporting Person on June 11, 2024.
- F2. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of time-based RSUs granted on June 11, 2024. No shares were sold.
- F3. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of performance-based RSUs granted on June 11, 2024 that vested on March 18, 2026. No shares were sold.
- F4. The reported shares are held by The LDPV Holding Trust, dated October 1, 2018, of which the reporting person's spouse is trustee and the reporting person has sole authority over the disposition of the shares of the Issuer held by the trust.
- F5. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
Key Figures
RSU shares vested: 9,616 shares
Shares withheld for taxes: 8,483 shares
Tax withholding price: $16.30 per share
+3 more
6 metrics
RSU shares vested
9,616 shares
Time-based and performance-based RSUs settled into common stock
Shares withheld for taxes
8,483 shares
Withheld to satisfy tax liabilities on RSU vesting and settlement
Tax withholding price
$16.30 per share
Value used for shares withheld to cover tax obligations
Direct holdings after transactions
212,297 shares
Common stock directly owned by CEO after RSU and withholding entries
Indirect trust holdings
52,094 shares
Common stock held via The LDPV Holding Trust
Derivative RSUs exercised
9,616 units
Restricted Stock Units converted into common stock
Key Terms
Restricted Stock Units, RSUs, tax-withholding disposition, derivative exercise/conversion, +2 more
6 terms
Restricted Stock Units financial
"Reflects the vesting of time-based restricted stock units ("RSUs") granted"
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.
RSUs financial
"Each RSU represents the contingent right to receive, upon vesting"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
The LDPV Holding Trust financial
"The reported shares are held by The LDPV Holding Trust, dated October 1, 2018"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did Lovesac (LOVE) CEO Shawn Nelson report on this Form 4?
Shawn Nelson reported RSU vesting, share acquisition, and tax-related share withholding. He received 9,616 common shares from restricted stock units and had 8,483 shares withheld to cover tax liabilities, with no open-market share sales reported in this filing.
What derivative activity involving RSUs did Lovesac (LOVE) disclose for the CEO?
The filing shows an exercise of 9,616 restricted stock units into common shares. Each RSU represented a contingent right to receive one common share upon vesting, and this conversion is recorded as a derivative exercise with a stated conversion price of $0.00.