Lovesac (LOVE) director Wan Ling Martello receives 12,715 RSUs as 2027 board compensation

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Martello Wan Ling reported acquisition or exercise transactions in this Form 4 filing.

Lovesac Co director Wan Ling Martello reported receiving restricted stock units (RSUs) as equity compensation. On June 9, 2026, she was granted 4,768 RSUs tied to common stock, and a separate 7,947 RSU grant. Each RSU represents the right to receive one share of Lovesac common stock upon vesting.

According to the footnotes, 100% of these RSUs are scheduled to vest on June 9, 2027. A portion of the award represents RSUs elected in lieu of her cash retainer for board service for fiscal 2027, aligning part of her director compensation with Lovesac equity rather than cash.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Martello Wan Ling

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	7,947	$0.00	--
Grant/Award	Restricted Stock Units	4,768	$0.00	--

Holdings After Transaction: Restricted Stock Units — 7,947 shares (Direct, null)

Footnotes (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. The Reporting Person received a grant of RSUs of which 100% are subject to vesting on June 9, 2027. Represents RSUs elected by the Reporting Person in lieu of the Reporting Person's cash retainer for service on the Issuer's board of directors for fiscal 2027, which vest on June 9, 2027.

Key Figures

RSU grant 1: 4,768 RSUs RSU grant 2: 7,947 RSUs Total RSUs reported: 12,715 RSUs +2 more

5 metrics

RSU grant 1 4,768 RSUs Grant on June 9, 2026; each RSU for one common share

RSU grant 2 7,947 RSUs Grant on June 9, 2026; each RSU for one common share

Total RSUs reported 12,715 RSUs Combined RSU grants reported in this Form 4

Vesting date June 9, 2027 100% of the RSUs vest on this date

Exercise price $0.00 per unit RSUs granted as compensation with no exercise price

Key Terms

Restricted Stock Units, RSU, vest, cash retainer

4 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.

RSU 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."

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

vest financial

"The Reporting Person received a grant of RSUs of which 100% are subject to vesting on June 9, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

cash retainer financial

"Represents RSUs elected by the Reporting Person in lieu of the Reporting Person's cash retainer for service on the Issuer's board of directors for fiscal 2027, which vest on June 9, 2027."

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Form 4 Insider Transactions: What Each Field Means →

06/10/2026 - 06:01 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Martello Wan Ling

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	06/09/2026		A		7,947		⁽²⁾	⁽²⁾	Common Stock	7,947	$0	7,947	D
Restricted Stock Units	⁽¹⁾	06/09/2026		A		4,768		⁽³⁾	⁽³⁾	Common Stock	4,768	$0	4,768	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 Reporting Person received a grant of RSUs of which 100% are subject to vesting on June 9, 2027.

3. Represents RSUs elected by the Reporting Person in lieu of the Reporting Person's cash retainer for service on the Issuer's board of directors for fiscal 2027, which vest on June 9, 2027.

Remarks:

	/s/ Megan C. Preneta, as Attorney-in-Fact for Wan Ling Martello	06/10/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Lovesac (LOVE) director Wan Ling Martello report?

Wan Ling Martello reported receiving restricted stock units (RSUs) as equity compensation. She was granted 4,768 RSUs and another 7,947 RSUs, each representing the right to receive one share of Lovesac common stock upon vesting on June 9, 2027.

How many Lovesac (LOVE) RSUs did Wan Ling Martello receive in this Form 4?

She received two RSU grants: 4,768 units and 7,947 units, both linked to Lovesac common stock. In total, 12,715 RSUs were awarded, providing the right to receive an equal number of common shares when the awards fully vest on June 9, 2027.

When do Wan Ling Martello’s Lovesac (LOVE) RSU awards vest?

The filing states that 100% of the reported RSUs are scheduled to vest on June 9, 2027. Upon vesting, each restricted stock unit converts into one share of Lovesac common stock, assuming all vesting conditions required by the award agreements are satisfied.

What does each Lovesac (LOVE) restricted stock unit represent for Wan Ling Martello?

Each restricted stock unit represents a contingent right to receive one share of Lovesac common stock upon vesting. This means she does not receive shares immediately; instead, shares are delivered on the vesting date if conditions in the RSU agreements are met.

Why did Wan Ling Martello elect some Lovesac (LOVE) RSUs instead of cash?

The filing notes that part of the RSU grant was elected in lieu of her cash retainer for board service in fiscal 2027. Instead of receiving that portion of compensation in cash, she chose RSUs that will vest on June 9, 2027, tying pay to equity.

Are Wan Ling Martello’s Lovesac (LOVE) RSUs considered open-market purchases?

No, these RSUs are not open-market purchases. The Form 4 identifies the transactions with code “A” as grants or awards. They represent equity compensation and elections in lieu of cash, rather than shares bought or sold on the open market by the director.