lululemon grants CEO 28,079 RSUs and options

CEO Heidi O’Neill received new RSU and stock option grants that vest between 2027 and 2030, all at a $99.72 exercise price for options.

Rhea-AI Filing Summary

lululemon athletica inc. (LULU) reported that CEO and director Heidi O’Neill received equity awards on September 9, 2026. She was granted 28,079 restricted stock units, each representing a contingent right to one share of common stock, vesting 50% on September 9, 2027 and 50% on September 9, 2028, subject to continued employment or association. The restricted stock units may be settled in lululemon common stock or in cash at her election.

On the same date, she was granted 40,223 stock options with an exercise price of $99.72 per share, vesting 25% on each of September 9, 2027, 2028, 2029 and 2030, and expiring on September 9, 2036. She also received a separate grant of 105,295 stock options with the same $99.72 exercise price, vesting 50% on September 9, 2027 and 50% on September 9, 2028, and expiring on September 9, 2036. No Rule 10b5-1 trading plan is reported for these awards.

Insider Trade Summary

Grant/Award: 173,597 shares

Grant/Award 3 txns

Insider O'NEILL HEIDI

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2	28,079	$0.00	$0.00
Grant/Award	Stock Options (Right to Buy) F3	40,223	$0.00	$0.00
Grant/Award	Stock Options (Right to Buy) F4	105,295	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 28,079 contracts (Direct); Stock Options (Right to Buy) — 145,518 contracts (Direct)

Footnotes (4)

1. F1. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units may be settled in issuer common stock or in cash at the election of the reporting person.
2. F2. The restricted stock units vest as to 50% on each of September 9, 2027 and September 9, 2028, subject to the reporting person's continued employment or association with the issuer through such date.
3. F3. These options vest as to 25% on each of September 9, 2027, September 9, 2028, September 9, 2029 and September 9, 2030, subject to the reporting person's continued employment or association with the issuer through each such date.
4. F4. These options vest as to 50% on each of September 9, 2027 and September 9, 2028, subject to the reporting person's continued employment or association with the issuer through each such date.

Key Figures

Restricted stock units granted: 28,079 units RSU vesting schedule: 50% on September 9, 2027; 50% on September 9, 2028 Stock options granted (first grant): 40,223 options +5 more

8 metrics

Restricted stock units granted 28,079 units Granted to CEO Heidi O’Neill on September 9, 2026

RSU vesting schedule 50% on September 9, 2027; 50% on September 9, 2028 Subject to continued employment or association

Stock options granted (first grant) 40,223 options Granted on September 9, 2026 to CEO Heidi O’Neill

Exercise price of options $99.72 per share Applies to both stock option grants reported on September 9, 2026

First option grant vesting 25% each in 2027, 2028, 2029, 2030 Vests annually starting September 9, 2027

Stock options granted (second grant) 105,295 options Additional grant on September 9, 2026

Second option grant vesting 50% in 2027; 50% in 2028 Vests on September 9, 2027 and September 9, 2028

Option expiration date September 9, 2036 Applies to both stock option grants

Key Terms

Restricted Stock Units, Stock Options (Right to Buy), exercise price, vesting, +1 more

5 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Stock Options (Right to Buy) financial

"Stock Options (Right to Buy) with an exercise price of $99.72 per share"

exercise price financial

"Stock options have an exercise price of $99.72 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vesting financial

"These options vest as to 25% on each of September 9, 2027, 2028, 2029 and 2030"

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.

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported for these awards"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity awards did LULU grant to CEO Heidi O’Neill on September 9, 2026?

Heidi O’Neill received 28,079 restricted stock units, 40,223 stock options at $99.72 per share, and an additional 105,295 stock options at $99.72 per share, all relating to lululemon common stock and subject to future vesting conditions.

How do the new restricted stock units for LULU’s CEO vest?

The 28,079 restricted stock units vest as to 50% on September 9, 2027 and 50% on September 9, 2028, provided Heidi O’Neill remains employed or associated with lululemon athletica inc. through each vesting date.

What are the terms of the 40,223 LULU stock options granted to the CEO?

The 40,223 stock options have an exercise price of $99.72 per share and vest 25% on each of September 9, 2027, 2028, 2029 and 2030. They are exercisable into lululemon common stock and expire on September 9, 2036.

What are the terms of the 105,295 LULU stock options granted to the CEO?

The 105,295 stock options have an exercise price of $99.72 per share and vest 50% on September 9, 2027 and 50% on September 9, 2028, subject to continued employment or association, and expire on September 9, 2036.

Can the new LULU restricted stock units for the CEO be settled in cash?

Yes. Each restricted stock unit represents a right to receive one share of lululemon common stock, but the units may be settled in common stock or in cash at the election of Heidi O’Neill, according to the Form 4 disclosure.

Were the LULU CEO’s 2026 equity grants made under a Rule 10b5-1 plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not marked, and there is no footnote stating that these September 9, 2026 equity awards were made pursuant to a Rule 10b5-1 trading plan.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/11/2026 - 04:17 PM Accepted by SEC EDGAR 09/11/2026 - 04:16 PM 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^*

O'NEILL HEIDI

(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
X	Officer (give title below)		Other (specify below)
	CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2026

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

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
Restricted Stock Units	(1)	09/09/2026		A		28,079		(2)	(2)	Common Stock	28,079	$0	28,079	D
Stock Options (Right to Buy)	$99.72	09/09/2026		A		40,223		(3)	09/09/2036	Common Stock	40,223	$0	40,223	D
Stock Options (Right to Buy)	$99.72	09/09/2026		A		105,295		(4)	09/09/2036	Common Stock	105,295	$0	105,295	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock. The restricted stock units may be settled in issuer common stock or in cash at the election of the reporting person.

2. The restricted stock units vest as to 50% on each of September 9, 2027 and September 9, 2028, subject to the reporting person's continued employment or association with the issuer through such date.

3. These options vest as to 25% on each of September 9, 2027, September 9, 2028, September 9, 2029 and September 9, 2030, subject to the reporting person's continued employment or association with the issuer through each such date.

4. These options vest as to 50% on each of September 9, 2027 and September 9, 2028, subject to the reporting person's continued employment or association with the issuer through each such date.

	Heidi O'Neill by by Alex Grieve, Attorney-in-Fact	09/11/2026
	** 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)