lululemon (LULU) Chief Brand Officer granted RSUs and stock options

Rhea-AI Filing Summary

lululemon athletica inc. reported that its Chief Brand Officer, Nicole Neuburger, received new equity awards in the form of common stock and stock options. On 12/15/2025, she acquired 6,059 shares of common stock at a price of $0, representing restricted stock units that convert into shares as they vest, bringing her directly held stake to 15,052 shares.

She was also granted a stock option covering 15,379 shares of common stock at an exercise price of $206.29 per share, expiring on 12/15/2035. The RSUs vest in three annual installments of 33%, 33% and 34% beginning on the first anniversary of the grant date, while the stock option vests in four equal annual installments starting on the first anniversary of the grant date, in each case subject to continued service.

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
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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^*

NEUBURGER NICOLE

(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)
	Chief Brand Officer

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)		6,059	A	$0	15,052	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		15,379		(2)	12/15/2035	Common Stock	15,379	$0	15,379	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.

2. Each option vests in four equal annual installments beginning on the first anniversary of the grant date, subject to continued service.

	/s/ Nicole Neuburger 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.
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** 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 (LULU) report in this Form 4?

The company reported that Chief Brand Officer Nicole Neuburger received equity awards on 12/15/2025, including common stock (via RSUs) and stock options.

How many lululemon (LULU) shares did the executive acquire directly?

She acquired 6,059 shares of lululemon athletica inc. common stock at a price of $0, reflecting settlement of restricted stock units.

What stock option grant was disclosed for lululemon (LULU) in this filing?

The filing shows a stock option (right to buy) for 15,379 shares of common stock at an exercise price of $206.29 per share, expiring on 12/15/2035.

What is Nicole Neuburger’s ownership in lululemon (LULU) after this transaction?

Following the reported transaction, she beneficially owns 15,052 shares of lululemon common stock in direct ownership.

How do the lululemon (LULU) RSUs granted to the executive vest?

The restricted stock units vest in three annual installments of 33%, 33%, and 34% beginning on the first anniversary of the grant date, subject to continued service.

What is the vesting schedule for the lululemon (LULU) stock options disclosed?

Each stock option vests in four equal annual installments starting on the first anniversary of the grant date, subject to the executive’s continued service.

What is Nicole Neuburger’s role at lululemon (LULU)?

She is reported as an Officer of lululemon athletica inc., holding the title of Chief Brand Officer.