Lovesac Co (LOVE) awards 1,132 RSUs to EVP and CFO Andrew Farag
Rhea-AI Filing Summary
Farag Andrew reported acquisition or exercise transactions in this Form 4 filing.
Lovesac Co EVP and CFO Andrew Farag reported a grant of 1,132 restricted stock units (RSUs) tied to common stock. According to the grant terms, awarded on June 17, 2026, the RSUs vest in three equal annual installments. Following this award, Farag directly holds 29,975 shares/units. The grant was not reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Farag Andrew
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 1,132 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 29,975 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- F2. On June 17, 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
Key Figures
RSUs granted: 1,132 units
Holdings after grant: 29,975 shares/units
Vesting installments: 3 installments
3 metrics
RSUs granted
1,132 units
Grant to EVP and CFO Andrew Farag on June 17, 2026
Holdings after grant
29,975 shares/units
Direct holdings following the reported RSU award
Vesting installments
3 installments
RSUs vest in three equal installments on the first, second and third anniversaries of the grant date
Key Terms
Restricted Stock Units, contingent right, vesting, anniversaries of the grant date
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents the contingent right"
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.
contingent right financial
"represents the contingent right to receive, upon vesting of the RSU"
vesting financial
"to receive, upon vesting of the RSU, one share of the Issuer's common stock"
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.
anniversaries of the grant date financial
"RSUs which vest in three equal installments on the first, second and third anniversaries of the grant date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Lovesac Co (LOVE) grant to EVP and CFO Andrew Farag?
Lovesac Co granted EVP and CFO Andrew Farag 1,132 restricted stock units (RSUs) tied to its common stock. Each RSU represents the contingent right to receive one share of common stock upon vesting, forming part of his equity-based compensation.
How many Lovesac (LOVE) RSUs did Andrew Farag receive and when were they granted?
Andrew Farag received 1,132 RSUs in a grant dated June 17, 2026. The Form 4 records this as a compensation-related acquisition of derivative securities, with no cash exercise price and settlement in shares of Lovesac common stock upon vesting.
When do Andrew Farag’s Lovesac Co (LOVE) RSUs vest?
Farag’s 1,132 Lovesac RSUs vest in three equal installments on the first, second and third anniversaries of the June 17, 2026 grant date. This structure spreads the vesting of the equity award over approximately three years, aligning with ongoing service.
Was Andrew Farag’s Lovesac (LOVE) RSU grant made under a Rule 10b5-1 trading plan?
The filing indicates the transaction was not made under a Rule 10b5-1 trading plan. The document-level checkbox for Rule 10b5-1 arrangements is explicitly unchecked, so the RSU grant is reported as a standard compensation award outside such a trading plan.