Lovesac (LOVE) president gains 29,311 shares from vested performance RSUs

Rhea-AI Filing Summary

Lovesac Co President Mary Fox reported compensation-related equity activity involving performance-based restricted stock units (RSUs). On March 18, 2026, she acquired 29,311 shares of common stock at $0.00 per share through the vesting and conversion of performance-based RSUs.

The vested shares came from portions of three RSU grants awarded on April 15, 2023, June 11, 2024, and April 15, 2025. The unearned balances of those performance-based RSU tranches were forfeited back to the company. Following these transactions, Fox directly holds 67,229 shares of Lovesac common stock. The filing shows no open‑market purchases or sales; the movements reflect equity awards vesting and related forfeitures.

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

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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)
03/18/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.00001 par value	03/18/2026		M		4,504(1)	A	$0	42,422	D
Common Stock, $0.00001 par value	03/18/2026		M		9,106(1)	A	$0	51,528	D
Common Stock, $0.00001 par value	03/18/2026		M		15,701(1)	A	$0	67,229	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (Performance-based Vesting)	$0(1)	03/18/2026		M			4,504	(2)	(2)	Common Stock	4,504	$0	5,192	D
Restricted Stock Units (Performance-based Vesting)	$0(1)	03/18/2026		D			5,192	(2)	(2)	Common Stock	5,192	$0	0	D
Restricted Stock Units (Performance-based Vesting)	(1)	03/18/2026		M			9,106	(3)	(3)	Common Stock	9,106	$0	10,126	D
Restricted Stock Units (Performance-based Vesting)	(1)	03/18/2026		D			510	(3)	(3)	Common Stock	510	$0	9,616	D
Restricted Stock Units (Performance-based Vesting)	(1)	03/18/2026		M			15,701	(4)	(4)	Common Stock	15,701	$0	35,499	D
Restricted Stock Units (Performance-based Vesting)	(1)	03/18/2026		D			1,365	(4)	(4)	Common Stock	1,365	$0	34,134	D

Explanation of Responses:

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.

2. The reported shares were acquired upon the vesting of a portion of the third tranche of performance-based RSUs granted on April 15, 2023. The unearned balance of performance-based RSUs from this grant were forfeited.

3. The reported shares were acquired upon the vesting of a portion of the second tranche of performance-based RSUs granted on June 11, 2024. The unearned balance of performance-based RSUs from this tranche were forfeited.

4. The reported shares were acquired upon the vesting of a portion of the first tranche of performance-based RSUs granted on April 15, 2025. The unearned balance of performance-based RSUs from this tranche were forfeited.

Remarks:

	/s/ Megan C. Preneta, as Attorney-in-Fact for Mary Fox	03/20/2026
	** 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)

FAQ

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

Mary Fox reported equity compensation activity, not market trades. On March 18, 2026, she received common shares through vesting of performance-based RSUs and forfeited unearned RSU balances, reflecting the outcome of prior incentive awards rather than new buying or selling in the market.

How many Lovesac (LOVE) shares did Mary Fox acquire in this Form 4?

Mary Fox acquired 29,311 shares of Lovesac common stock through vesting and conversion of performance-based RSUs at no cash cost. These shares arose from previously granted RSU awards with performance conditions tied to tranches from 2023, 2024, and 2025 grant dates.

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

After the reported transactions, Mary Fox directly holds 67,229 shares of Lovesac common stock. This total reflects the newly vested RSU shares added to her position on March 18, 2026, after accounting for related forfeitures of unearned performance-based RSU tranches.

Were any of Mary Fox’s performance-based RSUs forfeited in this Lovesac filing?

Yes. For each of the three performance-based RSU grants referenced, only a portion of the applicable tranche vested. According to the footnotes, the unearned balance of each affected performance-based RSU tranche was forfeited back to the company and no longer remains outstanding.

Do the Mary Fox Form 4 transactions for Lovesac (LOVE) involve open-market trades?

No. The Form 4 shows no open-market purchases or sales. The transactions consist of RSUs vesting into common stock at a price of $0.00 per share and related forfeitures to the issuer, reflecting compensation mechanics rather than discretionary market trading activity.

Which RSU grants are referenced in Mary Fox’s Lovesac Form 4 footnotes?

The footnotes reference performance-based RSU grants originally awarded on April 15, 2023, June 11, 2024, and April 15, 2025. Portions of specific tranches from these grants vested on March 18, 2026, while the remaining unearned RSUs in each affected tranche were forfeited.