AWM Discloses 5.0% Stake in Lovesac (730,960 Shares)

AWM Investment Company, Inc. reported beneficial ownership of 730,960 shares of The Lovesac Company common stock, representing 5.0% of the class.

Rhea-AI Filing Summary

AWM Investment Company, Inc. reported beneficial ownership of 730,960 shares of The Lovesac Company common stock, representing 5.0% of the class. AWM states it holds sole voting and dispositive power over these shares on behalf of three funds: Special Situations Cayman Fund (147,331 shares), Special Situations Fund III QP (518,575 shares) and Special Situations Private Equity Fund (65,054 shares). The filing states the holdings were acquired in the ordinary course of business and are not held to change or influence control of the issuer.

Positive

• Beneficial ownership disclosed: AWM holds 730,960 shares, equal to 5.0% of the class, providing clear transparency to the market
• Sole voting and dispositive power: AWM reports exclusive control over voting and disposition for the shares held by the three funds

Negative

• None.

Insights

Securities Analyst

TL;DR: AWM disclosed a 5.0% passive stake in LOVE with sole voting power via three funds.

AWM's Schedule 13G reports a non-control holding equal to 5.0% of Lovesac's outstanding common stock (730,960 shares). The filing identifies the specific share allocations among the three funds and confirms sole voting and dispositive power over those shares. Because this is a Schedule 13G rather than a 13D, AWM represents the position as held in the ordinary course and not intended to influence control, which typically signals a passive, investor-style stake rather than an activist intent.

Corporate Governance Specialist

TL;DR: Disclosure clarifies control lines and asserts no intent to effect control, limiting governance implications.

The filing names David M. Greenhouse and Adam C. Stettner as principals connected to the funds and AWM, and documents that AWM holds sole voting and dispositive power via its advisory role. The certification explicitly states the holdings are not for control purposes. From a governance standpoint, this transparency reduces immediate regulatory or takeover signaling, though a 5% stake remains sufficiently large to warrant monitoring for any future amendments or Schedule 13D filings.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Lovesac (LOVE) shares does AWM Investment Company, Inc. beneficially own?

AWM beneficially owns 730,960 shares, representing 5.0% of Lovesac's common stock.

Does AWM have voting control over the LOVE shares it reports?

Yes. AWM states it has sole voting power and sole dispositive power over the reported shares.

Which funds hold the shares reported in the Schedule 13G?

The shares are held by Special Situations Cayman Fund (147,331), Special Situations Fund III QP (518,575) and Special Situations Private Equity Fund (65,054).

Is AWM seeking to influence control of Lovesac according to the filing?

No. The Schedule 13G certifies the holdings were acquired in the ordinary course of business and are not held to change or influence control.

Who signed the Schedule 13G for AWM and when?

The filing is signed by Adam Stettner, Executive Vice President, with a signature date of 08/14/2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/14/2025 - 03:30 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Lovesac Co

(Name of Issuer)

Common Stock

(Title of Class of Securities)

54738L109

(CUSIP Number)

06/30/2025

(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

AWM Investment Company, Inc.

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 730,960.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 730,960.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

730,960.00

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)

5.0 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: AWM Investment Company, Inc., a Delaware corporation (AWM), is the investment adviser to Special Situations Cayman Fund, L.P. (CAYMAN), Special Situations Fund III QP, L.P. (SSFQP) and Special Situations Private Equity Fund, L.P. (SSPE). (CAYMAN, SSFQP and SSPE will hereafter be referred to as the Funds). As the investment adviser to the Funds, AWM holds sole voting and investment power over 147,331 shares of Common Stock of the Issuer (the Shares) held by CAYMAN, 518,575 Shares held by SSFQP and 65,054 Shares held by SSPE.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Lovesac Co
(b)	Address of issuer's principal executive offices: 421 ATLANTIC STREET, SUITE 200, STAMFORD, CONNECTICUT, 06901
Item 2.
(a)	Name of person filing: The person filing this report is AWM Investment Company, Inc., a Delaware corporation (AWM), which is the investment adviser to Special Situations Cayman Fund, L.P., a Cayman Islands Limited Partnership (CAYMAN), Special Situations Fund III QP, L.P., a Delaware limited partnership (SSFQP) and Special Situations Private Equity Fund, L.P., a Delaware limited partnership (SSPE), (CAYMAN, SSFQP and SSPE, will hereafter be referred to as the Funds). The principal business of each Fund is to invest in equity and equity-related securities and other securities of any kind or nature. David M. Greenhouse (Greenhouse) and Adam C. Stettner (Stettner) are members of: SSCayman, L.L.C., a Delaware limited liability company (SSCAY), the general partner of CAYMAN; MGP Advisers Limited Partnership, a Delaware limited partnership (MGP), the general partner of SSFQP and MG Advisers, L.L.C., a New York limited liability company (MG), the general partner of SSPE. Greenhouse and Stettner are also controlling principals of AWM.
(b)	Address or principal business office or, if none, residence: The principal business address for AWM is c/o Special Situations Funds, 527 Madison Avenue, Suite 2600, New York, NY 10022.
(c)	Citizenship: AWM is a Delaware Corporation
(d)	Title of class of securities: Common Stock
(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: 730,960
(b)	Percent of class: 5.0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: AWM is the investment adviser to each of the Funds. As the investment adviser to the Funds, AWM holds sole voting power over 147,331 shares of Common Stock of the Issuer (the Shares) held by CAYMAN, 518,575 Shares held by SSFQP and 65,054 Shares held by SSPE. Greenhouse and Stettner are members of: SSCAY, the general partner of CAYMAN. Greenhouse and Stettner are members of MGP, the general partner of SSFQP and MG, the general partner of SSPE. Greenhouse and Stettner are also controlling principals of AWM.
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: AWM is the investment adviser to each of the Funds. As the investment adviser to the Funds, AWM holds sole investment power over 147,331 shares of Common Stock of the Issuer (the Shares) held by CAYMAN, 518,575 Shares held by SSFQP and 65,054 Shares held by SSPE. Greenhouse and Stettner are members of: SSCAY, the general partner of CAYMAN. Greenhouse and Stettner are members of MGP, the general partner of SSFQP and MG, the general partner of SSPE. Greenhouse and Stettner are also controlling principals of AWM.
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	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.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	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.

AWM Investment Company, Inc.

Signature:	Adam Stettner
Name/Title:	Executive Vice President
Date:	08/14/2025