Lululemon (LULU) director Shane Grant awarded 695 RSUs in lieu of fees

Rhea-AI Filing Summary

GRANT SHANE reported acquisition or exercise transactions in this Form 4 filing.

lululemon athletica inc. director Shane Grant received an equity grant of 695 shares of common stock in the form of restricted stock units. The award was issued in lieu of $115,000 of director retainer fees and increased his direct holdings to 2,080 shares.

Each RSU represents one share of common stock and vests in four equal installments on the last day of each fiscal quarter, subject to Mr. Grant’s continued service as a non-employee director. This is a compensation-related grant rather than an open-market purchase.

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
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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^*

GRANT SHANE

(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)

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

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		695	A	$0	2,080	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

Explanation of Responses:

1. RSUs granted to the reporting person under lululemon athletica inc.'s Non-Employee Director Compensation Plan in lieu of $115,000 of retainer fees. Each RSU is the right to receive one share of common stock and vests in four equal installments on the last day of each fiscal quarter, subject to continued service.

	/s/ Shane Grant 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 insider transaction did lululemon (LULU) director Shane Grant report?

Shane Grant reported receiving 695 restricted stock units of lululemon common stock as director compensation. The RSUs were granted in lieu of $115,000 of retainer fees, reflecting equity-based pay rather than an open-market share purchase.

How many lululemon (LULU) shares does Shane Grant hold after this Form 4?

After the grant, Shane Grant directly holds 2,080 shares of lululemon common stock. This total includes the newly awarded 695 restricted stock units, which convert into shares as they vest over future fiscal quarters.

What are the terms of Shane Grant’s lululemon (LULU) RSU grant?

The grant consists of RSUs where each unit equals one share of lululemon common stock. The award vests in four equal installments, on the last day of each fiscal quarter, contingent on his continued service as a non-employee director.

Was cash involved in Shane Grant’s lululemon (LULU) Form 4 transaction?

No cash changed hands in the market for this transaction. The 695 RSUs were granted as equity compensation in lieu of $115,000 of director retainer fees, so it is a stock-based payment rather than a purchase or sale.

Is Shane Grant’s lululemon (LULU) Form 4 a buy or a compensation award?

The Form 4 reflects a compensation award, not an open-market buy. Shane Grant received 695 restricted stock units as part of lululemon’s Non-Employee Director Compensation Plan, representing equity in place of cash retainer fees.