lululemon athletica inc. (LULU) officer discloses new equity awards

Rhea-AI Filing Summary

lululemon athletica inc. officer Andre Maestrini, who serves as President & CCO, reported new equity awards on a Form 4 dated 12/15/2025. He acquired common stock at a price of $0 in two grants of 1,212 and 9,695 shares, which are described as restricted stock units that convert into common stock as they vest. Following these transactions, his beneficial ownership entries in the table are 14,460 and 24,155 shares, held directly.

The filing also shows two stock option awards. Maestrini was granted options with an exercise price of $206.29 per share covering 4,614 and 24,607 derivative securities, each representing common stock, expiring on 12/15/2035. The RSUs vest in three annual installments of 33%, 33%, and 34%, and each option vests in four equal annual installments, both starting on the first anniversary of the grant date, subject to continued service and the award agreements.

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

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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^*

MAESTRINI ANDRE

(Last) (First) (Middle)

C/O LULULEMON ATHLETICA INC

1818 CORNWALL AVENUE

(Street)

VANCOUVER A1 V6J 1C7

(City) (State) (Zip)

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)
	President & CCO

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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

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

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

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	12/15/2025		A(1)		1,212	A	$0	14,460	D
Common Stock	12/15/2025		A(1)		9,695	A	$0	24,155	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 Option (right to buy)	$206.29	12/15/2025		A		4,614		(2)	12/15/2035	Common Stock	4,614	$0	4,614	D
Stock Option (right to acquire))	$206.29	12/15/2025		A		24,607		(2)	12/15/2035	Common Stock	24,607	$0	24,607	D

Explanation of Responses:

1. Consists of restricted stock units (RSUs), each of which represents a contingent right to receive one share of common stock. The RSUs vest in three annual installments of 33%, 33%, and 34% beginning on the first anniversary of the grant date, subject to continued service and other applicable vesting provisions under the award agreement.

2. Each option vests in four equal annual installments beginning on the first anniversary of the grant date, subject to continued service and other applicable vesting provisions under the award agreement.

	/s/ Andre Maestrini by Alex Grieve, Attorney-in-Fact	12/17/2025
	** 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).
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FAQ

What insider transaction did lululemon athletica inc. (LULU) report for 12/15/2025?

The Form 4 reports that Andre Maestrini, President & CCO of lululemon athletica inc., received equity awards on 12/15/2025, including restricted stock units and stock options tied to the company's common stock.

How many lululemon (LULU) shares did Andre Maestrini acquire through RSUs?

The filing lists two acquisitions of common stock at $0 per share: one for 1,212 shares and another for 9,695 shares. The explanation states these positions consist of restricted stock units (RSUs), each representing the right to receive one share of common stock upon vesting.

What are the vesting terms of the RSUs reported by lululemon athletica inc. (LULU)?

The RSUs vest in three annual installments of 33%, 33%, and 34%, beginning on the first anniversary of the grant date, subject to continued service and other vesting provisions under the award agreement.

What stock option grants did the lululemon (LULU) executive receive and at what price?

The form shows two stock option awards, each with an exercise price of $206.29 per share. One option covers 4,614 derivative securities and the other covers 24,607, each corresponding to shares of common stock and expiring on 12/15/2035.

How do the lululemon (LULU) stock options reported on the Form 4 vest?

Each stock option vests in four equal annual installments, starting on the first anniversary of the grant date, subject to Andre Maestrini's continued service and other vesting provisions described in the award agreement.

What is Andre Maestrini's role and ownership form in lululemon athletica inc. (LULU)?

Andre Maestrini is identified as an Officer of lululemon athletica inc., with the title President & CCO. The reported common stock and derivative securities in this Form 4 are listed as held under Direct (D) ownership.