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.
Positive
None.
Negative
None.
Insights
Springhouse entities and Brian Gaines report mid-single-digit stakes in Lovesac as of 12/31/2025.
Springhouse Capital (U.S.), L.P. and related Springhouse entities are each reported with 6.20% beneficial ownership, equal to 905,874 shares, while Brian Gaines is reported with 918,674 shares (6.28%).
Shared voting and dispositive power is shown for the Springhouse entities at 905,874 shares; Mr. Gaines is shown with 12,800 sole voting/dispositive shares plus the shared amount. Timing is tied to 12/31/2025; subsequent filings may disclose changes.
The filing documents a passive beneficial ownership position above the 5% threshold by an institutional group and an associated individual.
The group-level figures indicate shared power over 905,874 shares (6.20%), commonly reported when an investment manager controls positions on behalf of funds. The disclosure references shared voting and dispositive power rather than sole control.
Cash‑flow treatment and planned disposition activity are not stated in the excerpt; subsequent Schedule 13D/13G amendments would show any material changes in intent or activity.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Lovesac Co.
(Name of Issuer)
Common Stock, $0.00001 par value per share
(Title of Class of Securities)
54738L109
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
54738L109
1
Names of Reporting Persons
Springhouse Capital (U.S.), L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
905,874.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
905,874.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
905,874.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
54738L109
1
Names of Reporting Persons
Springhouse Capital Management, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
905,874.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
905,874.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
905,874.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.2 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
54738L109
1
Names of Reporting Persons
Springhouse Asset Management LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
905,874.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
905,874.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
905,874.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
54738L109
1
Names of Reporting Persons
Springhouse Capital Management G.P., LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
905,874.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
905,874.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
905,874.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
54738L109
1
Names of Reporting Persons
Brian Gaines
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
12,800.00
6
Shared Voting Power
905,874.00
7
Sole Dispositive Power
12,800.00
8
Shared Dispositive Power
905,874.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
918,674.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.28 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Lovesac Co.
(b)
Address of issuer's principal executive offices:
421 ATLANTIC STREET, SUITE 200, STAMFORD, CT, 06901
Item 2.
(a)
Name of person filing:
(i) Springhouse Capital (U.S.), L.P. (the "Fund")
(ii) Springhouse Capital Management, L.P. ("Management")
(iii) Springhouse Asset Management LLC ("General Partner")
(iv) Springhouse Capital Management G.P., LLC ("General Partner")
(v) Brian Gaines
(b)
Address or principal business office or, if none, residence:
18 Burr Farms Road, Westport, Connecticut 06880
(c)
Citizenship:
(i) Springhouse Capital (U.S.), L.P. - Delaware Limited Partnership
(ii) Springhouse Capital Management, L.P. - Delaware Limited Partnership
(iii) Springhouse Asset Management LLC - Delaware Limited Liability Company
(iv) Springhouse Capital Management G.P., LLC - Delaware Limited Liability Company
(v) Brian Gaines - United States Citizen
(d)
Title of class of securities:
Common Stock, $0.00001 par value per share
(e)
CUSIP No.:
54738L109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
(i) Springhouse Capital (U.S.), L.P. - 905,874
(ii) Springhouse Capital Management, L.P. - 905,874
(iii) Springhouse Asset Management LLC - 905,874
(iv) Springhouse Capital Management G.P., LLC - 905,874
(v) Brian Gaines - United States Citizen - 918,674
(b)
Percent of class:
(i) Springhouse Capital (U.S.), L.P. - 6.20%
(ii) Springhouse Capital Management, L.P. - 6.20%
(iii) Springhouse Asset Management LLC - 6.20%
(iv) Springhouse Capital Management G.P., LLC - 6.20%
(v) Brian Gaines - 6.28%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
(i) Springhouse Capital (U.S.), L.P. - 0
(ii) Springhouse Capital Management, L.P. - 0
(iii) Springhouse Asset Management LLC - 0
(iv) Springhouse Capital Management G.P., LLC - 0
(v) Brian Gaines - 12,800
(ii) Shared power to vote or to direct the vote:
(i) Springhouse Capital (U.S.), L.P. - 905,874
(ii) Springhouse Capital Management, L.P. - 905,874
(iii) Springhouse Asset Management LLC - 905,874
(iv) Springhouse Capital Management G.P., LLC - 905,874
(v) Brian Gaines - 905,874
(iii) Sole power to dispose or to direct the disposition of:
(i) Springhouse Capital (U.S.), L.P. - 0
(ii) Springhouse Capital Management, L.P. - 0
(iii) Springhouse Asset Management LLC - 0
(iv) Springhouse Capital Management G.P., LLC - 0
(v) Brian Gaines - 12,800
(iv) Shared power to dispose or to direct the disposition of:
(i) Springhouse Capital (U.S.), L.P. - 905,874
(ii) Springhouse Capital Management, L.P. - 905,874
(iii) Springhouse Asset Management LLC - 905,874
(iv) Springhouse Capital Management G.P., LLC - 905,874
(v) Brian Gaines - 905,874
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Not applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Not applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not applicable
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake did Springhouse report in Lovesac (LOVE)?
Springhouse-affiliated entities reported beneficial ownership of 905,874 shares, or 6.20%. The filing shows shared voting and dispositive power of 905,874 shares and ties the figures to 12/31/2025.
How many shares does Brian Gaines report owning in LOVE?
Brian Gaines reports beneficial ownership of 918,674 shares, equal to 6.28% of the class. The disclosure lists Mr. Gaines with 12,800 sole voting/dispositive shares plus shared power of 905,874, as of 12/31/2025.
Do the Springhouse filings show sole voting control of Lovesac shares?
No; the Springhouse entities are shown with shared voting power, not sole voting power. The excerpt lists 0 shares as sole voting power and 905,874 as shared voting power for each Springhouse entity.
Is this filing a Schedule 13G or 13D for LOVE and what does that mean?
The document is a Schedule 13G disclosure for Lovesac (LOVE). That indicates a passive beneficial ownership disclosure at the time provided, with percentages reported as 6.20% and 6.28% on 12/31/2025.
Were any plans to dispose or acquire additional LOVE shares disclosed?
No plans to dispose or acquire additional shares are stated in the provided excerpt. The filing lists voting and dispositive power numbers but does not describe any intended transactions or cash‑flow treatment.
