Lovesac Co Chief Executive Officer Shawn David Nelson reported a set of compensation-related equity transactions involving performance-based restricted stock units and common stock. On March 18, 2026, portions of three tranches of performance-based RSUs granted in April 2023, June 2024, and April 2025 vested, and the corresponding RSUs were exercised into common shares. The filing shows he acquired a total of 29,311 shares of common stock through these derivative exercises at a stated price of $0.0000 per share. Unearned balances from each performance grant were forfeited back to Lovesac, reflected as dispositions of RSUs to the issuer. After these transactions, Nelson holds 198,371 shares of Lovesac common stock directly and an additional 52,094 shares indirectly through The LDPV Holding Trust, for which a footnote states he has sole authority over share disposition. No open-market purchases or sales are reported in this filing, underscoring that the activity is tied to equity incentive vesting rather than discretionary trading.
Lovesac Co EVP and CFO Keith R. Siegner reported equity compensation activity tied to performance-based restricted stock units. On March 18, 2026, he acquired 14,862 shares of Common Stock at a price of $0.00 per share through the vesting and settlement of multiple tranches of performance-based RSUs. The footnotes state these RSUs were originally granted between June 2023 and April 2025 and vested in part, while the unearned balances from each grant were forfeited back to the company. Following these transactions, Siegner directly held 30,237 shares of Lovesac common stock. There were no open-market purchases or sales; all movements reflect compensation-related vesting, settlement, and forfeiture.
Lovesac Co. ownership disclosure: Springhouse-affiliated entities report beneficial ownership of 905,874 shares (6.20% of the class) and Brian Gaines reports beneficial ownership of 918,674 shares (6.28% of the class), as shown as of 12/31/2025.
The filing lists the filing group as Springhouse Capital (U.S.), L.P.; Springhouse Capital Management, L.P.; Springhouse Asset Management LLC; Springhouse Capital Management G.P., LLC, and individual Brian Gaines. Shared voting and dispositive power for the Springhouse entities is shown as 905,874 shares; Mr. Gaines is shown with 12,800 sole votes and dispositive shares in addition to the shared amounts.
Hood River Capital Management LLC filed an amended beneficial ownership report on Lovesac Co., disclosing holdings of 987,744 shares of common stock. This represents 6.76% of the outstanding class as of the reporting date. Hood River reports no voting power over these shares but has sole power to dispose of them.
The firm certifies that the shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Lovesac. The filing is signed by Robert Schmaltz as CCO and COO, reflecting an institutional investment position above the 5% threshold that triggers disclosure.
Investment Company, Inc., an institutional investment adviser, filed an amended Schedule 13G reporting beneficial ownership of 500,002 shares of Lovesac Co common stock, equal to 3.4% of the class as of the stated event date.
The firm reports sole voting and dispositive power over these shares, held through three funds that own 99,115, 321,333 and 79,554 shares, respectively. It certifies the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Lovesac.
Arrowstreet Capital has reported a new passive stake in Lovesac. Arrowstreet Capital, Limited Partnership and Arrowstreet Capital Holding LLC beneficially own 780,636 Lovesac common shares, representing 5.3% of the class as of the reported date. They have sole voting power over 748,036 shares and sole dispositive power over 780,636 shares.
The shares are held across investment advisory clients of Arrowstreet Capital, and no individual client is known to hold more than 5% of Lovesac’s stock. The firms certify the position was acquired and is held in the ordinary course of business, without the purpose or effect of changing or influencing control of Lovesac.
Senvest Management, LLC and Richard Mashaal filed an amended Schedule 13G reporting beneficial ownership of 750,141 shares of Lovesac Co common stock, representing 5.1% of the outstanding shares based on 14,617,106 shares as of December 8, 2025.
The shares are held through Senvest Master Fund, LP, for which Senvest Management acts as investment manager and Mashaal is managing member. They note this structure may cause them to be deemed beneficial owners but state this is not an admission of beneficial ownership. They also certify the stake is held without the purpose or effect of changing or influencing control of Lovesac.
Lovesac Company director Andrew R. Heyer reported a routine equity compensation transaction. On February 3, 2026, 279 restricted stock units vested, converting into 279 shares of Lovesac common stock at a reported price of $0 per share. These RSUs were originally granted on February 3, 2025.
Following this vesting, Heyer directly beneficially owns 250,643 shares of Lovesac common stock. Each RSU represented the right to receive one share upon vesting, so this filing mainly reflects the delivery of previously awarded stock-based compensation rather than an open-market purchase or sale.
Dimensional Fund Advisors LP filed an amended Schedule 13G reporting its holdings in Lovesac Co/The common stock as of 12/31/2025. Dimensional reports beneficial ownership of 676,457 shares, representing 4.6% of Lovesac’s common stock.
The firm has sole power to vote 660,781 shares and sole power to dispose of 676,457 shares, with no shared voting or dispositive power. The shares are actually owned by various funds and accounts it advises or manages, and Dimensional expressly disclaims beneficial ownership beyond what is required for Section 13(d) reporting.
Dimensional certifies that the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Lovesac.
The Lovesac Company reported flat quarterly results, with net sales of 150,166 for the thirteen weeks ended November 2, 2025, up only 0.2% from a year earlier. Growth came from a 12.8% increase in showroom sales, while internet revenue fell 16.9% and Other channel sales dropped 27.3% as the company stopped barter transactions and exited Best Buy shop-in-shops.
Gross margin narrowed to 56.1% from 58.5% as higher inbound transportation, tariffs and logistics costs more than offset vendor cost reductions. Operating loss widened to 15,804 and net loss to 10,551, or $0.72 per share, compared with a loss of 4,930, or $0.32 per share, in the prior-year quarter.
For the thirty-nine weeks year-to-date, net sales rose 2.3% to 449,069, but the company recorded a net loss of 28,041. Cash and cash equivalents declined to 23,722, while Lovesac still had $36.0 million of unused borrowing capacity on its revolving credit facility and continued investing in new showrooms and product innovation, including its Sactionals platform and newer Snugg premium seating line.