Lovesac (LOVE) director gains 6,308 shares and 7,947 new RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lovesac Co director Shirley Romig reported equity compensation changes. On June 10, 2026, she acquired 6,308 shares of common stock at no cost through the vesting and exercise of previously granted restricted stock units, bringing her direct common stock holdings to 23,881 shares.
Separately, on June 9, 2026, she received a new award of 7,947 restricted stock units, each representing the right to receive one share of common stock upon vesting. According to the disclosure, 100% of this new RSU grant is scheduled to vest on June 9, 2027.
Positive
- None.
Negative
- None.
Insights
Routine director equity awards and RSU vesting at Lovesac.
The filing shows Shirley Romig, a director of Lovesac Co, receiving equity as part of compensation. She acquired 6,308 common shares via vesting of earlier RSUs and now directly holds 23,881 shares.
She also received a new grant of 7,947 restricted stock units that are scheduled to vest on June 9, 2027. No open-market buying or selling is reported, so the transactions mainly reflect standard board compensation rather than a directional view on the stock.
Insider Trade Summary
6,308 shares exercised/converted
Mixed
3 txns
Insider
Romig Shirley
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 — 23,881 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
New RSU grant: 7,947 RSUs
Shares owned after transaction: 23,881 shares
+2 more
5 metrics
Shares acquired via RSU vesting
6,308 shares
Common stock acquired on June 10, 2026 at $0.0000 per share
New RSU grant
7,947 RSUs
Restricted stock units granted on June 9, 2026
Shares owned after transaction
23,881 shares
Direct Lovesac common stock holdings following June 10, 2026 vesting
RSU-to-share ratio
1 RSU : 1 share
Each RSU represents the right to receive one common share upon vesting
Vesting date for new RSUs
June 9, 2027
100% of the 7,947 RSUs subject to vesting on this date
Key Terms
Restricted Stock Units, RSU, vesting, derivative security
4 terms
Restricted Stock Units financial
"The reported shares were acquired upon the vesting of RSUs granted to the Reporting Person on June 10, 2025."
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.
vesting financial
"The Reporting Person received a grant of RSUs of which 100% are subject to vesting on June 9, 2027."
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did Lovesac (LOVE) director Shirley Romig report?
Shirley Romig reported acquiring 6,308 Lovesac common shares through RSU vesting and exercise, and receiving a new grant of 7,947 restricted stock units. These transactions are compensation-related, not open-market trades, and increase her direct equity exposure to the company.
What are the terms of Shirley Romig’s new RSU grant at Lovesac (LOVE)?
Romig received 7,947 restricted stock units, each representing a right to one Lovesac common share upon vesting. The disclosure states that 100% of this RSU grant is scheduled to vest on June 9, 2027, subject to the standard vesting conditions.
Did Shirley Romig buy or sell Lovesac stock on the open market?
No open-market purchases or sales are reported. The Form 4 shows equity acquired through RSU vesting and a new RSU grant. These transactions are classified as awards and derivative exercises, rather than discretionary market trades in Lovesac shares.