Lululemon SEC Filings

lululemon athletica inc. entered into a Second Amended and Restated Credit Agreement establishing an unsecured five-year revolving credit facility with $600.0 million in commitments. The facility permits requested increases in aggregate commitments up to a total of $1.0 billion. The maturity date is October 15, 2030, with two potential one-year extensions at lululemon’s request under certain circumstances.

Borrowings may be prepaid and commitments reduced or terminated without premium or penalty, subject to customary breakage costs. The facility is guaranteed by lululemon and certain subsidiaries, bears interest at alternative benchmarks plus an applicable margin, and features a pricing grid tied to credit ratings or financial ratios. It includes customary covenants (including leverage and fixed charge coverage) and events of default, including change of control. Bank of America, N.A. serves as administrative agent.

Amendment No. 10 to a Schedule 13D reports that Dennis J. Wilson and affiliated entities continue to beneficially own 9,973,547 shares of lululemon athletica inc., representing 8.4% of the company's common stock on a fully reported basis. The filing updates Item 4 to disclose that Mr. Wilson published a letter in The Wall Street Journal on 10/07/2025 expressing his views on the company's management and future, and incorporates that letter as an exhibit. The filing states the Reporting Persons may in the future engage with shareholders, officers, or directors about operations, governance, performance, and control. The cover pages were revised only to reflect a change in the issuer's outstanding share count used to calculate percentages.

FMR LLC and Abigail P. Johnson report beneficial ownership of 4,066,058.41 shares of Lululemon Athletica Inc. The filing on Schedule 13G/A shows the holders together report 3.6% of Lululemon common stock. FMR LLC indicates 3,215,403.52 shares with sole voting power and 4,066,058.41 shares with sole dispositive power; Abigail P. Johnson reports sole dispositive power over 4,066,058.41 shares and no voting power. The filing states these shares are held in the ordinary course of business and not for the purpose of changing or influencing control. Signatures are dated 10/06/2025.

lululemon athletica inc. (LULU) reported a Form 144 notice for a proposed sale of 615 shares of common stock through Canaccord Genuity Corp. (broker address shown). The aggregate market value of the shares at the time of the notice is listed as $109,470, with the sale dated approximately 09/30/2025. The filer acquired these shares as restricted stock on 02/01/2021 from the issuer and reports no other securities sold in the prior three months. The company’s outstanding shares are shown as 118,584,043, indicating the proposed sale represents a de minimis fraction of total shares outstanding.

Ranju Das, Chief AI & Technology Officer at lululemon athletica inc. (LULU), reported equity awards on 09/09/2025. The Form 4 shows acquisition of 6,176 restricted stock units (RSUs) that vest in three annual installments of 33%, 33% and 34% starting on the first anniversary of the grant, and receipt of a stock option covering 6,909 shares with an exercise price of $165.69. Both entries are reported as acquisitions at no cash price on the transaction date, and the option lists 09/09/2032 in the date fields shown. Following these transactions, Mr. Das beneficially owns 6,176 shares from RSUs and 6,909 option-backed shares. The form was signed by an attorney-in-fact on 09/10/2025.

lululemon athletica inc. (LULU) disclosure shows that Ranju Das filed an initial Form 3 reporting his relationship to the company as a director and Chief AI & Technology Officer. The report states no securities are beneficially owned by the reporting person at the time of this statement. The filing includes a power of attorney exhibit and is signed by an attorney-in-fact.

lululemon athletica inc. reported a mixed quarter with net revenue rising 7% to $2.5 billion (6% constant dollars) and comparable sales up 1% overall. Americas comparable sales declined 4% while China Mainland and Rest of World grew 17% and 12%, respectively. Gross profit increased 5% to $1.5 billion but gross margin fell 110 basis points to 58.5%, and income from operations decreased 3% to $523.8 million.

Liquidity remained strong with $1.2 billion in cash and an unused $400.0 million Americas revolving credit facility (only $6.8 million in letters of credit outstanding). Inventory rose 21% to $1.7 billion. Stock-based compensation expense was $21.1 million YTD with $144.2 million unrecognized cost. The company reported a net derivative liability of $4.2 million, and remains in compliance with credit covenants. Legal matters include consolidated stockholder derivative litigation.

Reporting persons led by Dennis J. Wilson disclose collective holdings and a new secured credit facility tied to lululemon athletica inc. The group beneficially owns 9,973,547 shares, representing approximately 8.3% of LULU's common stock on a reported base of 114,568,520 common shares (plus 5,115,961 special voting shares). Individual positions include Anamered: 4,755,217 shares (4.0%), LIPO: 3,401,596 (2.8%), Shannon Wilson: 1,167,000 (1.0%), and others as reported. The filing discloses that Anamered entered into a private banking loan agreement with Royal Bank of Canada providing a revolving demand facility up to $315 million, secured in part by 1,500,000 exchangeable shares and paired special voting shares and by any additional shares placed in a pledged account. Borrowings are repayable on demand and RBC may require additional collateral or foreclose on pledged securities under customary events of default. The filing also notes termination of an earlier security interest granted by LIPO.