Lululemon (LULU) Chief Brand Officer granted options and RSUs in new equity awards

Rhea-AI Filing Summary

lululemon athletica inc. Chief Brand Officer Nicole Neuberger received new equity awards as part of her compensation. She was granted stock options for 14,042 shares of common stock at an exercise price of $165.57 per share, expiring on March 19, 2036.

The options vest in four equal annual installments beginning on the first anniversary of the grant date, subject to continued service. She also received 3,745 restricted stock units that convert one-for-one into common shares, vesting 33% on March 19, 2027, 33% on March 19, 2028, and 34% on March 19, 2029 if she remains employed. Following these awards, she directly holds 18,797 shares of common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NEUBURGER NICOLE

(Last) (First) (Middle)

C/O LULULEMON ATHLETICA INC.

1818 CORNWALL AVENUE

(Street)

VANCOUVER V6J 1C7

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
lululemon athletica inc. [ LULU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Brand Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	03/19/2026		A		3,745	A	$0	18,797	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	$165.57	03/19/2026		A		14,042		(2)	03/19/2036	Common Stock	14,042	$0	14,042	D

Explanation of Responses:

1. Restricted Stock units convert into common stock on a one-for-one basis. The reporting person received a restricted stock unit award which vests as to 33% on March 19, 2027, 33% on March 19, 2028 and 34% on March 19, 2029, subject to the reporting person's continued employment or association with the issuer through such date.

2. Each option vests in four equal annual installments beginning on the first anniversary of the grant date, subject to continued service.

	/s/ Nicole Neuburger by Alex Grieve, Attorney-in-Fact	03/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What equity awards did LULU Chief Brand Officer Nicole Neuberger receive?

Nicole Neuberger received stock options for 14,042 shares at an exercise price of $165.57, plus 3,745 restricted stock units. Both awards are compensation-related and vest over multiple years, encouraging longer-term alignment with lululemon athletica inc.’s common shareholders.

How do Nicole Neuberger’s new lululemon (LULU) stock options vest?

The 14,042 lululemon stock options vest in four equal annual installments starting on the first anniversary of the March 19, 2026 grant date. Each installment requires Ms. Neuberger to continue providing service to the company through the relevant vesting date.

What is the vesting schedule for Nicole Neuberger’s LULU restricted stock units?

The 3,745 restricted stock units vest in three tranches: 33% on March 19, 2027, 33% on March 19, 2028, and 34% on March 19, 2029, provided Nicole Neuberger remains employed or associated with lululemon through each vesting date.

What does the exercise price of Nicole Neuberger’s lululemon options mean for investors?

The options have an exercise price of $165.57 per share, meaning Ms. Neuberger can buy lululemon common stock at that price once vested. Their value depends on the future market price relative to this fixed exercise level during the option term.

How many lululemon (LULU) shares does Nicole Neuberger own after these awards?

After the March 19, 2026 grants, Nicole Neuberger directly holds 18,797 shares of lululemon common stock. She also holds options for 14,042 underlying shares, which may be exercised in the future if vested and economically attractive.

Are Nicole Neuberger’s LULU equity grants open-market purchases or compensation awards?

These transactions are compensation awards, not open-market purchases. The Form 4 classifies both the stock options and restricted stock units with code “A” for grant or award, reflecting equity-based pay rather than discretionary buying or selling in the public market.