Lovesac president reports RSU vesting and tax withholding
Lovesac Co President Mary Fox reported routine equity compensation activity involving restricted stock units (RSUs).
Rhea-AI Filing Summary
Lovesac Co President Mary Fox reported routine equity compensation activity involving restricted stock units (RSUs). On June 11, 2026, 9,616 RSUs were exercised into an equal number of common shares at $0.00 per share, reflecting vesting of prior RSU grants.
To cover related tax obligations, a total of 8,864 common shares were withheld by the company in two separate transactions at $16.30 per share, and no shares were sold on the open market. After these transactions, Fox directly held 69,954 shares of Lovesac common stock.
Positive
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Negative
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Insider Trade Summary
9,616 shares exercised/converted
Exercise
4 txns
Insider
Fox Mary
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,616 | $0.00 | $0.00 |
| Grant/Award | Common Stock, $0.00001 par value | 9,616 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $0.00001 par value | 4,553 | $16.30 | $74K |
| Exercise Price or Tax Liability | Common Stock, $0.00001 par value | 4,311 | $16.30 | $70K |
Holdings After Transaction:
Restricted Stock Units — 9,616 contracts (Direct);
Common Stock, $0.00001 par value — 69,954 shares (Direct)
Footnotes (4)
- F1. Reflects the vesting of time-based restricted stock units ("RSUs") granted to the Reporting Person on June 11, 2024.
- F2. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the vesting of time-based RSUs granted on June 11, 2024. No shares were sold.
- F3. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of performance-based RSUs granted on June 11, 2024 that vested on March 18, 2026. No shares were sold.
- F4. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
Key Figures
RSUs exercised: 9,616 units
Tax-withholding shares: 8,864 shares
Withholding price: $16.30 per share
+3 more
6 metrics
RSUs exercised
9,616 units
Restricted stock units converted to common stock on June 11, 2026
Tax-withholding shares
8,864 shares
Shares withheld to satisfy tax liabilities on June 11, 2026
Withholding price
$16.30 per share
Value used for tax-withholding dispositions
Shares after transactions
78,818 shares
Direct Lovesac common stock holdings following June 11, 2026 activity
Derivative exercises
9,616 units
RSU derivative exercise count from transaction summary
Exercise price
$0.00 per unit
Conversion price for RSUs into common stock
Key Terms
Restricted Stock Units, tax-withholding disposition, Grant, award, or other acquisition, time-based restricted stock units, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
time-based restricted stock units financial
"Reflects the vesting of time-based restricted stock units ("RSUs")"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
performance-based RSUs financial
"settlement of performance-based RSUs granted on June 11, 2024"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Lovesac (LOVE) President Mary Fox report?
Mary Fox reported RSU-related activity on June 11, 2026. 9,616 restricted stock units converted into common shares, and 8,864 shares were withheld to cover tax liabilities. No open-market sales or purchases occurred, and these were routine compensation-related transactions.
What RSU activity did Lovesac (LOVE) disclose for Mary Fox on June 11, 2026?
The filing shows 9,616 RSUs converted into common stock at a zero exercise price. Footnotes explain these RSUs were time-based and performance-based awards granted earlier that vested, triggering both share issuance and related tax-withholding transactions by the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
