Lululemon CFO has 400 shares withheld for taxes

lululemon athletica inc. executive Meghan Frank, the CFO & Interim Co-CEO, reported a routine tax-related share disposition.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

lululemon athletica inc. executive Meghan Frank, the CFO & Interim Co-CEO, reported a routine tax-related share disposition. On this Form 4, 400 shares of common stock were withheld at $153.10 per share to cover tax obligations tied to vesting restricted stock units, rather than sold on the open market. After this withholding, Frank directly holds 31,992 shares of lululemon common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 400 shares

Exercise Price or Tax Liability 1 txn

Insider FRANK MEGHAN

Role CFO & Interim Co-CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	400	$153.10	$61K

Holdings After Transaction: Common Stock — 31,992 shares (Direct)

Footnotes (1)

F1. Represents shares withheld for tax obligations in connection with vesting of restricted stock units.

Key Figures

Tax-withholding shares: 400 shares Withholding price: $153.10/share Shares held after: 31,992 shares

3 metrics

Tax-withholding shares 400 shares Shares withheld for tax obligations on RSU vesting

Withholding price $153.10/share Valuation per share for the 400 withheld shares

Shares held after 31,992 shares Direct holdings after the tax-withholding disposition

Key Terms

restricted stock units, tax-withholding disposition, Form 4

3 terms

restricted stock units financial

"in connection with vesting of restricted stock units"

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.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did LULU CFO Meghan Frank report on this Form 4?

Meghan Frank reported 400 lululemon shares withheld to cover taxes on vesting restricted stock units. This was a tax-withholding disposition, not an open-market sale, and reflects standard equity compensation processing rather than a discretionary trade.

Was the LULU Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 400 shares were withheld at $153.10 per share to satisfy tax obligations from restricted stock unit vesting, a common administrative step in stock-based compensation.

How many lululemon (LULU) shares does Meghan Frank hold after this filing?

After the tax-withholding disposition, Meghan Frank directly holds 31,992 shares of lululemon common stock. This position reflects her remaining equity stake following the 400 shares withheld for taxes tied to the vesting of restricted stock units.

What was the price used for the LULU tax-withholding transaction?

The 400 lululemon shares withheld for taxes were valued at $153.10 per share. This price is used solely for calculating the tax-withholding amount related to restricted stock unit vesting, rather than representing an executed market trade price.

What does transaction code "F" mean in this LULU Form 4 filing?

Transaction code "F" indicates shares were disposed of to pay an exercise price or tax liability. In this case, 400 lululemon shares were withheld to cover tax obligations from restricted stock unit vesting, making it a mechanistic compensation event, not a market-driven sale.

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

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Accepted by SEC EDGAR 04/02/2026 - 06:21 PM EDT

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^*

FRANK MEGHAN

(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)
	CFO & Interim Co-CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	03/31/2026		F		400	D	$153.1	31,992	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares withheld for tax obligations in connection with vesting of restricted stock units.

	/s/ Meghan Frank by Alex Grieve, Attorney-in-Fact	04/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR