Lululemon (LULU) tech chief awarded stock options and RSUs

Rhea-AI Filing Summary

lululemon athletica inc. granted Chief AI & Technology Officer Ranju Das new equity compensation on March 19, 2026. He received stock options for 14,722 shares of common stock at an exercise price of $165.57 per share, expiring in 2036.

The options vest in four equal annual installments beginning on the first anniversary of the grant date, subject to continued service. He was also awarded 3,926 restricted stock units that convert one-for-one into common shares, vesting 33% on March 19, 2027, 33% on March 19, 2028, and 34% on March 19, 2029. Following the awards, he directly holds 10,102 common shares.

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^*

Das Ranju

(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)
	Chief AI & Technology Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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)	03/19/2026		A		3,926	A	$0	10,102	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 Options (Right to Buy)	$165.57	03/19/2026		A		14,722		(2)	03/19/2036	Common Stock	14,722	$0	14,722	D

Explanation of Responses:

1. Restricted Stock units convert into common stock on a one-for-one basis. The reporting person received a restricted stock unit award which vests as to 33% on March 19, 2027, 33% on March 19, 2028 and 34% on March 19, 2029, subject to the reporting person's continued employment or association with the issuer through such date.

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

	/s/ Ranju Das by Alex Grieve, Attorney-in-Fact	03/23/2026
	** 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 equity awards did lululemon (LULU) grant to Chief AI & Technology Officer Ranju Das?

Lululemon granted Ranju Das 14,722 stock options at a $165.57 exercise price and 3,926 restricted stock units. These awards are compensation-based grants, not open-market purchases, and increase his direct equity exposure to lululemon.

How do Ranju Das’s new stock options at lululemon (LULU) vest and when do they expire?

The 14,722 stock options vest in four equal annual installments starting on the first anniversary of the March 19, 2026 grant. The options are contingent on continued service and expire on March 19, 2036 if not exercised.

When will Ranju Das’s restricted stock units from lululemon (LULU) vest?

The 3,926 restricted stock units vest over three dates: 33% on March 19, 2027, 33% on March 19, 2028, and 34% on March 19, 2029. Vesting requires his continued employment or association through each date.

Did Ranju Das buy or sell lululemon (LULU) shares in the open market?

The filing shows compensation-related acquisitions only, not open-market trades. Both the 14,722 stock options and 3,926 restricted stock units were granted at no purchase price as part of his role, rather than being bought or sold on the market.

How many lululemon (LULU) common shares does Ranju Das hold after these awards?

After the March 19, 2026 grants, Ranju Das directly holds 10,102 shares of lululemon common stock. This figure reflects his non-derivative holdings following the addition of 3,926 newly granted restricted stock units.

Are Ranju Das’s lululemon (LULU) equity awards subject to service conditions?

Yes. The restricted stock units vest only if he remains employed or associated with lululemon through the scheduled vesting dates. The options also vest in four annual installments beginning one year after grant, conditioned on his continued service.