Lululemon director granted 1,606 RSUs in Form 4

lululemon athletica inc. director Martha A. M. Morfitt reported an equity compensation grant rather than a market trade.

Rhea-AI Filing Summary

lululemon athletica inc. director Martha A. M. Morfitt reported an equity compensation grant rather than a market trade. She received 1,606 shares of common stock in the form of restricted stock units at a stated price of $0.00 per share, classified as a grant, award, or other acquisition.

Each restricted stock unit converts into one share of common stock and vests 100% on the earlier of June 25, 2027 or the company’s 2027 annual stockholder meeting. Following this grant, she holds 88,596 shares directly, plus indirect holdings of 500 shares by her spouse and 750 shares by irrevocable grantor trusts for her children.

Insider Trade Summary

Grant/Award: 1,606 shares

Grant/Award 3 txns

Insider MORFITT MARTHA A M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,606	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 88,596 shares (Direct); Common Stock — 750 shares (Indirect, By Trust); Common Stock — 500 shares (Indirect, By Spouse)

Footnotes (2)

1. F1. The reporting person received restricted stock units. Each restricted stock unit represents the right to receive one share of common stock and vests as to 100% on the earlier of (a) June 25, 2027, or (b) the date of the Company's 2027 annual meeting of stockholders.
2. F2. Shares held by irrevocable grantor trusts for the benefit of the reporting person's children.

Key Figures

RSU grant size: 1,606 shares Grant price per share: $0.00 per share Direct holdings after grant: 88,596 shares +3 more

6 metrics

RSU grant size 1,606 shares Restricted stock units awarded to director Martha Morfitt

Grant price per share $0.00 per share Stated price for RSU grant

Direct holdings after grant 88,596 shares Common stock directly owned after RSU grant

Spouse indirect holdings 500 shares Common stock held indirectly by spouse

Trust indirect holdings 750 shares Shares held by irrevocable grantor trusts for children

Vesting date June 25, 2027 RSUs vest on this date or 2027 annual meeting, whichever is earlier

Key Terms

restricted stock units, grant, award, or other acquisition, irrevocable grantor trusts

3 terms

restricted stock units financial

"The reporting person received restricted stock units. Each restricted stock unit represents the right to receive one share of common stock"

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.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

irrevocable grantor trusts financial

"Shares held by irrevocable grantor trusts for the benefit of the reporting person's children."

FAQ

What did lululemon (LULU) director Martha Morfitt report in this Form 4?

Martha Morfitt reported receiving 1,606 restricted stock units in lululemon common stock as a grant. These units were awarded at a stated price of $0.00 per share and are part of her equity compensation, not an open-market purchase or sale.

How do Martha Morfitt’s new lululemon restricted stock units vest?

The 1,606 restricted stock units vest 100% on the earlier of June 25, 2027 or lululemon’s 2027 annual meeting. Once vested, each unit converts into one share of common stock, increasing her directly held share count at that time.

How many lululemon shares does Martha Morfitt hold after this grant?

After the grant, Martha Morfitt holds 88,596 lululemon common shares directly. In addition, there are 500 shares held indirectly by her spouse and 750 shares held by irrevocable grantor trusts for the benefit of her children, as disclosed in the filing.

Was this lululemon Form 4 a buy or sell transaction by Martha Morfitt?

This Form 4 does not show an open-market buy or sell by Martha Morfitt. It reports an acquisition of 1,606 shares through a grant of restricted stock units, a form of equity compensation awarded at a stated price of $0.00 per share.

What indirect lululemon holdings related to Martha Morfitt are disclosed?

The filing discloses 500 lululemon shares held indirectly by her spouse and 750 shares held by irrevocable grantor trusts for her children. These positions are recorded as indirect ownership, separate from her 88,596 directly held common shares after the grant.

What does transaction code “A” mean in Martha Morfitt’s lululemon Form 4?

Transaction code “A” on the Form 4 indicates a grant, award, or other acquisition of securities. In this case it refers to Martha Morfitt receiving 1,606 restricted stock units of lululemon common stock as part of her equity-based compensation package.

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Accepted by SEC EDGAR 06/29/2026 - 05:18 PM Learn about SEC filing dates

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
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^*

MORFITT MARTHA A M

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

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)	06/25/2026		A		1,606	A	$0	88,596	D
Common Stock								750	I	By Trust(2)
Common Stock								500	I	By Spouse

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

Explanation of Responses:

1. The reporting person received restricted stock units. Each restricted stock unit represents the right to receive one share of common stock and vests as to 100% on the earlier of (a) June 25, 2027, or (b) the date of the Company's 2027 annual meeting of stockholders.

2. Shares held by irrevocable grantor trusts for the benefit of the reporting person's children.

	s/ Martha AM Morfitt by Alex Grieve, Attorney-in-Fact	06/29/2026
	** 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)