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Lululemon grants stock awards to President & CCO

lululemon athletica inc. reported that President & CCO Andre Maestrini received equity awards on December 15, 2025.

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Form Type
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Rhea-AI Filing Summary

lululemon athletica inc. reported that President & CCO Andre Maestrini received equity awards on December 15, 2025. He was granted stock options for 4,614 and 24,607 shares of common stock at an exercise price of $206.29 per share, expiring December 15, 2035, and received stock-based awards of 1,212 and 9,695 shares of common stock. Following these awards, he directly holds 24,155 shares of common stock. The company states that restricted stock units vest in three annual installments of 33%, 33%, and 34%, and stock options vest in four equal annual installments beginning on the first anniversary of the grant date, subject to continued service and applicable vesting provisions.

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Insider MAESTRINI ANDRE
Role President & CCO
Type Security Shares Price Value
Grant/Award Stock Option (right to buy) 4,614 $0.00 $0.00
Grant/Award Stock Option (right to acquire)) 24,607 $0.00 $0.00
Grant/Award Common Stock 1,212 $0.00 $0.00
Grant/Award Common Stock 9,695 $0.00 $0.00
Holdings After Transaction: Stock Option (right to buy) — 4,614 contracts (Direct); Stock Option (right to acquire)) — 24,607 contracts (Direct); Common Stock — 24,155 shares (Direct)
Footnotes (2)
  1. F1. 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. F2. 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.
Stock options granted 4,614 shares Stock Option (right to buy) granted on 2025-12-15 at $206.29 exercise price
Additional stock options granted 24,607 shares Stock Option (right to acquire) granted on 2025-12-15 at $206.29 exercise price
Exercise price $206.29 per share Exercise price for both stock option grants expiring 2035-12-15
Common stock award 1 1,212 shares Non-derivative common stock award on 2025-12-15
Common stock award 2 9,695 shares Additional non-derivative common stock award on 2025-12-15
Post-transaction holding 24,155 shares Direct common stock ownership after reported transactions
Option expiration date 2035-12-15 Expiration date for both stock option grants
restricted stock units (RSUs) financial
"Consists of restricted stock units (RSUs), each of which represents a contingent right"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
contingent right financial
"each of which represents a contingent right to receive one share of common stock"
vesting financial
"The RSUs vest in three annual installments of 33%, 33%, and 34% beginning"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Stock Option (right to buy) financial
"Stock Option (right to buy) reported as a derivative security"
annual installments financial
"Each option vests in four equal annual installments beginning on the first anniversary"

FAQ

What equity awards did LULU grant to President & CCO Andre Maestrini?

Andre Maestrini received two stock option grants and two stock-based common share awards on December 15, 2025. The options cover 4,614 and 24,607 shares at a $206.29 exercise price, while the common stock awards total 1,212 and 9,695 shares.

How many LULU stock options were granted to Andre Maestrini and at what price?

Andre Maestrini was granted stock options over 4,614 and 24,607 shares at an exercise price of $206.29 per share. These options are scheduled to expire on December 15, 2035 and vest in four equal annual installments.

What common stock awards did LULU’s Andre Maestrini receive in this filing?

Andre Maestrini received 1,212 and 9,695 shares of LULU common stock as stock-based awards. The company notes that restricted stock units vest over three annual installments of 33%, 33%, and 34%, subject to continued service and award conditions.

How many LULU shares does Andre Maestrini hold after these grants?

After these equity grants, Andre Maestrini directly holds 24,155 shares of LULU common stock. This figure reflects his post-transaction direct ownership position as reported, separate from any unexercised stock options or unvested restricted stock units.

What are the vesting terms for LULU’s RSUs and stock options granted to executives?

LULU states that restricted stock units vest 33%, 33%, and 34% over three years, starting on the first anniversary of the grant. Stock options vest in four equal annual installments, also beginning on the first anniversary, subject to continued service and vesting conditions.

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

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Learn about SEC filing dates
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*
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).
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.

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