Lululemon (LULU) director receives 1,606 restricted stock units vesting in 2027

Rhea-AI Filing Summary

Mahe Isabel reported acquisition or exercise transactions in this Form 4 filing.

lululemon athletica inc. director Isabel Mahe reported an equity compensation grant in the form of restricted stock units tied to common stock. She was awarded 1,606 restricted stock units, each representing one share of common stock, with no cash purchase price.

The award vests 100% on the earlier of June 25, 2027 or the date of the company’s 2027 annual meeting of stockholders. Following this grant, Mahe is reported as beneficially owning 4,125 shares of common stock directly, reflecting a relatively small, routine director compensation award rather than an open-market trade.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mahe Isabel

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,606	$0.00	--

Holdings After Transaction: Common Stock — 4,125 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 1,606 units Transaction price: $0.0000 per share Post-grant holdings: 4,125 shares +1 more

4 metrics

RSUs granted 1,606 units Restricted stock units awarded to director Isabel Mahe

Transaction price $0.0000 per share Equity compensation grant, not an open-market purchase

Post-grant holdings 4,125 shares Common stock beneficially owned following the transaction

Vesting date trigger June 25, 2027 Earlier of this date or 2027 annual meeting for 100% vesting

Key Terms

restricted stock units, vests as to 100%, annual meeting of stockholders

3 terms

restricted stock units financial

"The reporting person received restricted stock units. Each restricted stock unit represents the right to receive one share of common stock"

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.

vests as to 100% financial

"and vests as to 100% on the earlier of (a) June 25, 2027, or (b) the date of the Company's 2027 annual meeting"

annual meeting of stockholders financial

"on the earlier of (a) June 25, 2027, or (b) the date of the Company's 2027 annual meeting of stockholders"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 05:26 PM Accepted by SEC EDGAR 06/29/2026 - 05:26 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^*

Mahe Isabel

(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)
06/25/2026

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)	06/25/2026		A		1,606	A	$0	4,125	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. The reporting person received restricted stock units. Each restricted stock unit represents the right to receive one share of common stock and vests as to 100% on the earlier of (a) June 25, 2027, or (b) the date of the Company's 2027 annual meeting of stockholders.

	/s/ Isabel Mahe by Alex Grieve, Attorney-in-Fact	06/29/2026
	** 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 Isabel Mahe report?

Director Isabel Mahe reported an equity compensation grant of 1,606 restricted stock units. Each unit represents one share of lululemon common stock, awarded at no cash purchase price and subject to a future vesting schedule tied to 2027 dates.

How many shares are covered by Isabel Mahe’s new award at Lululemon (LULU)?

The grant covers 1,606 restricted stock units, each linked to one share of lululemon common stock. Once fully vested and settled, this award would correspond to 1,606 shares, assuming no forfeiture or other adjustments are made before settlement.

When do Isabel Mahe’s restricted stock units at Lululemon (LULU) vest?

The restricted stock units vest 100% on the earlier of June 25, 2027, or the date of lululemon’s 2027 annual meeting of stockholders. This single vesting date structure means the entire award becomes eligible at one future time point.

Did Isabel Mahe buy or sell Lululemon (LULU) shares on the market in this filing?

No open-market purchase or sale is reported; this is a grant. The Form 4 classifies the transaction as a grant, award, or other acquisition, with a transaction code A and a price per share of 0.0000, indicating compensation rather than trading.

What is Isabel Mahe’s reported Lululemon (LULU) holding after this grant?

After the reported grant, Isabel Mahe is shown as beneficially owning 4,125 shares of lululemon common stock directly. This figure reflects her position immediately following the award and helps indicate the relative scale of the 1,606-unit grant.

How is this Lululemon (LULU) restricted stock unit grant structured?

The grant consists of restricted stock units, each equal to one common share upon settlement. All units vest together on the earlier of June 25, 2027, or the 2027 annual shareholder meeting, aligning director compensation with future company and governance milestones.