Lululemon (NASDAQ: LULU) awards 4,692 performance units to interim co-CEO

Rhea-AI Filing Summary

lululemon athletica inc. reported that Pres, CCO & Interim Co-CEO Andre Maestrini acquired 4,692 performance share units as equity compensation. Each unit represents a contingent right to receive one share of common stock. The units relate to a three-year performance period ending at the end of fiscal 2025, with performance goals certified on March 13, 2026, and vesting scheduled for March 30, 2026, subject to continued employment.

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^*

MAESTRINI ANDRE

(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)
	Pres, CCO & Interim Co-CEO

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		4,692		(2)	03/30/2026	Common Stock	4,692	$0	4,692	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/ Andre Maestrini, 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.
* 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.
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FAQ

What insider transaction did lululemon (LULU) report for Andre Maestrini?

Andre Maestrini received 4,692 performance share units as equity compensation. These units give him a contingent right to receive the same number of lululemon common shares, subject to performance and vesting conditions tied to fiscal 2025 results.

How many performance share units did Andre Maestrini receive from lululemon (LULU)?

Andre Maestrini was awarded 4,692 performance share units. Each unit corresponds to one share of lululemon common stock, contingent on performance goals and continued employment, making this a stock-based compensation grant rather than an open-market purchase or sale.

When do Andre Maestrini’s lululemon (LULU) performance share units vest?

The performance share units vest on March 30, 2026, if Andre Maestrini remains employed through that date. Vesting follows certification of performance goals and marks when the contingent rights can settle into common shares, subject to the plan’s terms.

What performance period is linked to Andre Maestrini’s lululemon (LULU) share units?

The units were granted with respect to a three-year period ending at the end of fiscal 2025. lululemon certified achievement of the performance goals on March 13, 2026, confirming the number of units earned for that performance cycle.

Are Andre Maestrini’s lululemon (LULU) units an open-market stock purchase or sale?

No, the transaction reflects a grant of 4,692 performance share units as compensation. It does not involve buying or selling shares in the open market, but rather a contingent right to receive shares based on performance and service conditions.

How many performance share units does Andre Maestrini hold after this lululemon (LULU) transaction?

After this transaction, Andre Maestrini holds 4,692 performance share units. These units are derivatives tied to lululemon common stock and will convert into shares only if performance targets and vesting conditions are fully satisfied.