Lovesac (NASDAQ: LOVE) CEO granted RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lovesac Co Chief Executive Officer Shawn David Nelson reported equity compensation activity and related tax withholding. On April 15, 2026, he received grants of 77,701 time-based RSUs and 77,701 performance-based RSUs, each convertible into common shares upon vesting.
He also acquired 21,914 common shares through vesting and exercise of previously granted RSUs from 2023 and 2025. To cover tax liabilities on these settlements, 19,081 shares of common stock were withheld at $16.65 per share, and the footnotes state that no shares were sold. After these transactions, he holds 201,204 common shares directly and 52,094 shares indirectly through The LDPV Holding Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,914 shares exercised/converted
Mixed
11 txns
Insider
Nelson Shawn David
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 77,701 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Performance-based Vesting) | 77,701 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,848 | $0.00 | -- |
| Exercise | Restricted Stock Units | 17,066 | $0.00 | -- |
| Exercise | Common Stock, $0.00001 par value | 4,848 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.00001 par value | 2,197 | $16.65 | $37K |
| Exercise | Common Stock, $0.00001 par value | 17,066 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.00001 par value | 7,731 | $16.65 | $129K |
| Tax Withholding | Common Stock, $0.00001 par value | 2,040 | $16.65 | $34K |
| Tax Withholding | Common Stock, $0.00001 par value | 7,113 | $16.65 | $118K |
| holding | Common Stock, $0.00001 par value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 77,701 shares (Direct);
Restricted Stock Units (Performance-based Vesting) — 77,701 shares (Direct);
Common Stock, $0.00001 par value — 203,219 shares (Direct);
Common Stock, $0.00001 par value — 52,094 shares (Indirect, The LPDV Holding Trust)
Footnotes (1)
- The reported shares were acquired upon the vesting of the third tranche of time-based restricted stock units ("RSUs") granted on April 15, 2023. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the third tranche of time-based RSUs granted on April 15, 2023. No shares were sold. The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2025. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of time-based RSUs granted on April 15, 2025. No shares were sold. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of a portion of the third tranche of performance-based RSUs granted on April 15, 2023. No shares were sold. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of a portion of the first tranche of performance-based RSUs granted on April 15, 2025. No shares were sold. 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. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. On April 15, 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. On April 15, 2026, the Reporting Person received a grant of performance-based RSUs which vest based on the Issuer's achievements with respect to certain pre-established performance targets for the performance period. Once earned, the performance-based RSUs are payable at the end of the three-year performance period.
Key Figures
Time-based RSU grant: 77,701 RSUs
Performance-based RSU grant: 77,701 RSUs
Shares from RSU vesting: 21,914 shares
+4 more
7 metrics
Time-based RSU grant
77,701 RSUs
Granted April 15, 2026; vest in three equal installments
Performance-based RSU grant
77,701 RSUs
Granted April 15, 2026; vest based on performance targets
Shares from RSU vesting
21,914 shares
Common stock acquired via RSU vesting and exercises
Tax withholding shares
19,081 shares
Shares withheld to satisfy tax liabilities on RSU settlements
Tax withholding price
$16.65 per share
Value used for F-code tax-withholding dispositions
Direct holdings after transactions
201,204 shares
Common stock held directly by the CEO after April 15, 2026
Indirect holdings via trust
52,094 shares
Common stock held by The LDPV Holding Trust
Key Terms
Restricted Stock Units, performance-based RSUs, tax liability, vesting, +2 more
6 terms
Restricted Stock Units financial
"Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock."
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.
performance-based RSUs financial
"performance-based RSUs which vest based on the Issuer's achievements with respect to certain pre-established performance targets"
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
tax liability financial
"shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the third tranche of time-based RSUs"
vesting financial
"acquired upon the vesting of the third tranche of time-based restricted stock units ("RSUs") granted on April 15, 2023"
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.
three-year performance period financial
"performance-based RSUs are payable at the end of the three-year performance period"
indirect ownership financial
"shares are held by The LDPV Holding Trust, dated October 1, 2018"
FAQ
What did Lovesac (LOVE) CEO Shawn Nelson report in this Form 4 filing?
Shawn Nelson reported new equity compensation and related tax withholding. He received time-based and performance-based RSU grants and saw prior RSUs vest into common stock, with some shares withheld to satisfy tax obligations rather than sold in the market.
How many RSUs did the Lovesac CEO receive on April 15, 2026?
On April 15, 2026, the CEO received 77,701 time-based RSUs and 77,701 performance-based RSUs. Each restricted stock unit represents the right to receive one share of Lovesac common stock if vesting conditions and, for performance-based units, performance targets are met.