Lululemon (LULU) Chief Brand Officer awarded 3,754 performance share units

Rhea-AI Filing Summary

lululemon athletica inc. reported that Chief Brand Officer Nicole Neuberger acquired 3,754 performance share units, each tied to one share of common stock. These units were originally granted on March 30, 2023 for a three-year performance period ending with fiscal 2025. The company certified achievement of the performance goals on March 13, 2026, and the units are scheduled to vest on March 30, 2026, subject to her continued employment. After this award, she holds 3,754 performance share units directly.

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

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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)
03/13/2026

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

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
Performance Share Units	(1)	03/13/2026		A		3,754		(2)	03/30/2026	Common Stock	3,754	$0	3,754	D

Explanation of Responses:

1. Each performance share unit represents a contingent right to receive one share of the issuer's common stock. The performance share units were granted on March 30, 2023, with respect to the three-year period ending at the end of fiscal 2025. The issuer certified the achievement of the performance goals on March 13, 2026.

2. The performance share units vest on March 30, 2026, subject to continued employment through that date.

	/s/ Nicole Neuburger, by Alex Grieve, Attorney-in-Fact	03/17/2026
	** 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 LULU’s Nicole Neuberger report on this Form 4?

Nicole Neuberger, Chief Brand Officer of lululemon athletica inc. (LULU), reported acquiring 3,754 performance share units. Each unit represents a contingent right to receive one share of common stock, subject to performance goals and future vesting conditions.

How many lululemon (LULU) performance share units were involved in this filing?

The filing shows 3,754 performance share units credited to Nicole Neuberger. Each unit corresponds to one potential share of lululemon common stock, contingent on certified performance results and continued employment through the scheduled vesting date.

When were the LULU performance share units granted and what period do they cover?

The performance share units were granted on March 30, 2023, covering a three-year period that ends at the conclusion of lululemon’s fiscal 2025. They are linked to company performance over that specified multi-year timeframe.

When did lululemon (LULU) certify performance for these units and what does that mean?

lululemon certified achievement of the performance goals for these units on March 13, 2026. Certification confirms the company met the predefined performance conditions that determine how many of the granted performance share units will ultimately vest.

When do Nicole Neuberger’s LULU performance share units vest?

The performance share units are scheduled to vest on March 30, 2026. Vesting is conditioned on Nicole Neuberger’s continued employment with lululemon through that date, after which eligible units convert into shares of common stock.

Is this LULU Form 4 a market purchase or sale of stock?

No, this Form 4 reflects a compensation-related acquisition of performance share units, not an open-market trade. The units represent a contingent right to receive shares, subject to performance certification and future vesting, rather than an immediate stock purchase or sale.