Lovesac director granted 7,947 RSUs, 6,308 vested
Lovesac Co director Sharon M. Leite reported equity compensation transactions involving company stock and restricted stock units (RSUs).
Rhea-AI Filing Summary
Lovesac Co director Sharon M. Leite reported equity compensation transactions involving company stock and restricted stock units (RSUs). She acquired 6,308 shares of common stock at a conversion price of $0.0000 per share upon the vesting of previously granted RSUs, bringing her direct holdings to 27,274 common shares.
Leite also received a new grant of 7,947 RSUs, each representing the right to receive one share of Lovesac common stock upon vesting. According to the disclosure, 100% of this new RSU award is scheduled to vest on June 9, 2027, aligning her compensation with the company’s future performance.
Positive
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Negative
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Insider Trade Summary
6,308 shares exercised/converted
Exercise
3 txns
Insider
Leite Sharon M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,308 | $0.00 | $0.00 |
| Grant/Award | Common Stock, par value $0.00001 | 6,308 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 7,947 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 7,947 contracts (Direct);
Common Stock, par value $0.00001 — 27,274 shares (Direct)
Footnotes (3)
- F1. The reported shares were acquired upon the vesting of RSUs granted to the Reporting Person on June 10, 2025.
- F2. Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.
- F3. The Reporting Person received a grant of RSUs of which 100% are subject to vesting on June 9, 2027.
Key Figures
Shares acquired from RSU vesting: 6,308 shares
New RSU grant: 7,947 RSUs
Shares held after transactions: 27,274 shares
+3 more
6 metrics
Shares acquired from RSU vesting
6,308 shares
Common stock received upon RSU vesting
New RSU grant
7,947 RSUs
RSUs granted to director, each for one share
Shares held after transactions
27,274 shares
Total Lovesac common stock directly owned after Form 4
RSU conversion price
$0.0000 per share
Conversion price for RSUs into common stock
RSU vesting date for new grant
June 9, 2027
100% of newly granted RSUs vest on this date
Vested RSU grant date
June 10, 2025
Original grant date of RSUs that vested into 6,308 shares
Key Terms
Restricted Stock Units, RSU, vesting, derivative security
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.
vesting financial
"The reported shares were acquired upon the vesting of RSUs granted to the Reporting Person on June 10, 2025."
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Lovesac (LOVE) director Sharon Leite report?
Sharon M. Leite reported equity compensation transactions, including 6,308 common shares acquired from vesting RSUs and a new grant of 7,947 restricted stock units. These actions increase her direct ownership and add a future equity-based incentive tied to a specific vesting date.
What are the terms of Sharon Leite’s new RSU grant at Lovesac (LOVE)?
Sharon M. Leite received a grant of 7,947 restricted stock units, each equal to one share of Lovesac common stock upon vesting. The filing states that 100% of this RSU award is scheduled to vest on June 9, 2027, subject to typical vesting conditions.
What does a restricted stock unit (RSU) mean in the Lovesac (LOVE) Form 4?
The Form 4 explains each restricted stock unit represents a contingent right to receive one share of Lovesac common stock upon vesting. RSUs are a form of equity compensation, aligning a director’s interests with shareholders through future share delivery instead of immediate cash payment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
