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[Form 4] lululemon athletica inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

lululemon athletica inc. president, CCO and interim co-CEO Andre Maestrini exercised performance share units into common stock and had shares withheld to cover taxes. He converted 4,692 performance share units into 4,692 common shares tied to a three-year performance period ending fiscal 2025.

The company certified achievement of those performance goals on March 13, 2026, and the units vested on March 30, 2026. On the same date, 2,430 common shares were withheld at $145.83 per share for tax obligations related to the performance share and restricted stock unit vesting, leaving Maestrini with 31,633 directly owned common shares.

Positive

  • None.

Negative

  • None.

Insights

Routine equity award vesting with tax withholding; no open-market trades.

Andre Maestrini, a senior executive at lululemon, exercised 4,692 performance share units into common stock after the company certified performance for the three-year period ending fiscal 2025. This is standard equity compensation, not an open-market purchase.

On the same day, 2,430 common shares were withheld at $145.83 per share to satisfy tax obligations tied to both performance share units and restricted stock units. These F-code transactions are mechanical tax payments, not discretionary stock sales, and Maestrini retains 31,633 common shares directly.

Insider MAESTRINI ANDRE
Role Pres, CCO & Interim Co-CEO
Type Security Shares Price Value
Exercise Performance Share Units 4,692 $0.00 --
Exercise Common Stock 4,692 $0.00 --
Tax Withholding Common Stock 2,206 $145.83 $322K
Tax Withholding Common Stock 224 $145.83 $33K
Holdings After Transaction: Performance Share Units — 0 shares (Direct); Common Stock — 34,063 shares (Direct)
Footnotes (1)
  1. Represents shares withheld for tax obligations in connection with settlement of performance share units. Represents shares withheld for tax obligations in connection with vesting of restricted stock units. 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. The performance share units vested on March 30, 2026.
Performance share units exercised 4,692 units Converted into common stock on March 30, 2026
Common shares received from PSUs 4,692 shares Exercise or conversion of derivative security
Shares withheld for tax (PSUs settlement) 2,206 shares Withheld at $145.83 per share for tax obligations
Shares withheld for tax (RSUs vesting) 224 shares Withheld at $145.83 per share for tax obligations
Tax withholding share price $145.83 per share Used for tax-withholding dispositions on March 30, 2026
Shares owned after transactions 31,633 shares Direct common stock ownership following March 30, 2026 entries
Performance Share Units financial
"Represents shares withheld for tax obligations in connection with settlement of performance share units."
Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.
restricted stock units financial
"Represents shares withheld for tax obligations in connection with vesting of restricted stock units."
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.
tax obligations financial
"Represents shares withheld for tax obligations in connection with settlement of performance share units."
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
contingent right financial
"Each performance share unit represents a contingent right to receive one share of the issuer's common stock."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
MAESTRINI ANDRE
(Last)(First)(Middle)
C/O LULULEMON ATHLETICA INC.
1818 CORNWALL AVENUE
(Street)
VANCOUVERV6J 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Pres, CCO & Interim Co-CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/30/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock03/30/2026M4,692A$034,063D
Common Stock(1)03/30/2026F2,206D$145.8331,857D
Common Stock(2)03/30/2026F224D$145.8331,633D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Share Units(3)03/30/2026M4,692 (3)03/30/2026Common Stock4,692$00D
Explanation of Responses:
1. Represents shares withheld for tax obligations in connection with settlement of performance share units.
2. Represents shares withheld for tax obligations in connection with vesting of restricted stock units.
3. 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. The performance share units vested on March 30, 2026.
/s/ Andre Maestrini, by Alex Grieve, Attorney-in-Fact04/01/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR