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Filing Details

Accession Number:: 0001213900-20-042871
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-12-15 20:53:48
Reporting Period:: 2020-12-11

Accepted Time:: 2020-12-15 20:53:48
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1701758	Lovesac Co	LOVE	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1106523	Sunny Vanderbeck	2501 N. Harwood St., 20Th Floor Dallas, TX 75201	No	No	No	Yes
1335485	Randy Eisenman	2501 N. Harwood St., 20Th Floor Dallas, TX 75201	No	No	No	Yes
1501320	Satori Capital Strategic Opportunities, Lp	2501 N. Harwood St., 20Th Floor Dallas, TX 75201	No	No	No	Yes
1679721	Satori Capital Iii, Lp	2501 N. Harwood St., 20Th Floor Dallas, TX 75201	No	No	No	Yes
1729954	Richard John Grafer	C/O The Lovesac Company Two Landmark Square, Suite 300 Stamford, CT 06901	Yes	No	No	No
1744514	Scgpm, Llc	2501 N. Harwood St., 20Th Floor Dallas, TX 75201	No	No	No	Yes
1744515	Satori Capital Iii Gp, Llc	2501 N. Harwood St., 20Th Floor Dallas, TX 75201	No	No	No	Yes
1744516	Satori Capital, Llc	2501 N. Harwood St., 20Th Floor Dallas TX 75201	Yes	No	No	Yes
1744517	Satori Capital Strategic Opportunities Gp, Llc	2501 N. Harwood St., 20Th Floor Dallas, TX 75201	No	No	No	Yes

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-12-11	243,775	$16.00	1,310,585	No	4	D	Indirect	See footnote
Common Stock	Disposition	2020-12-11	97,052	$40.19	1,213,533	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2020-12-11	106,225	$16.00	1,213,533	No	4	D	Indirect	See footnote
Common Stock	Disposition	2020-12-11	42,290	$40.19	1,171,243	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2020-12-11	97,510	$16.00	1,171,243	No	4	D	Indirect	See footnote
Common Stock	Disposition	2020-12-11	38,820	$40.19	1,132,423	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2020-12-11	42,490	$16.00	1,132,423	No	4	D	Indirect	See footnote
Common Stock	Disposition	2020-12-11	16,916	$40.19	1,115,507	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	D	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	D	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	D	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	D	Indirect	See footnote
No	4	S	Indirect	See footnote

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Common Stock Warrants (right to buy)	Disposition	2020-12-11	243,775	$0.00	243,775	$16.00
Common Stock	Common Stock Warrants (right to buy)	Disposition	2020-12-11	106,225	$0.00	106,225	$16.00
Common Stock	Common Stock Warrants (right to buy)	Disposition	2020-12-11	97,510	$0.00	97,510	$16.00
Common Stock	Common Stock Warrants (right to buy)	Disposition	2020-12-11	42,490	$0.00	42,490	$16.00

Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2017-10-19	2021-06-29	No	4	D	Indirect
2017-10-19	2021-06-29	No	4	D	Indirect
2017-03-27	2021-06-29	No	4	D	Indirect
2017-03-27	2021-06-29	No	4	D	Indirect

Footnotes

On December 11, 2020, Satori Capital Strategic Opportunities, LP ("Satori CSO") exercised warrants to purchase 243,775 shares of Lovesac common stock for $16 per share. Satori CSO paid the exercise price on a cashless basis, resulting in Lovesac's withholding of 97,052 of the warrant shares to pay the exercise price and issuing to Satori CSO the remaining 146,723 shares.
On December 11, 2020, Satori Capital III, LP ("SCIII") exercised warrants to purchase 106,225 shares of Lovesac common stock for $16 per share. SCIII paid the exercise price on a cashless basis, resulting in Lovesac's withholding of 42,290 of the warrant shares to pay the exercise price and issuing to SCIII the remaining 63,935 shares.
On December 11, 2020, Satori CSO exercised warrants to purchase 97,510 shares of Lovesac common stock for $16 per share. Satori CSO paid the exercise price on a cashless basis, resulting in Lovesac's withholding of 38,820 of the warrant shares to pay the exercise price and issuing to Satori CSO the remaining 58,690 shares.
On December 11, 2020, SCIII exercised warrants to purchase 42,490 shares of Lovesac common stock for $16 per share. SCIII paid the exercise price on a cashless basis, resulting in Lovesac's withholding of 16,916 of the warrant shares to pay the exercise price and issuing to SCIII the remaining 25,574 shares.
Satori Capital Strategic Opportunities GP, LLC ("Satori CSOGP"), is the general partner of Satori CSO and Satori Capital III GP, LLC ("SCIIIGP"), is the general partner of SCIII. SCGPM, LLC ("SCGPM") is the manager of Satori CSOGP and SCIII and may be deemed to share voting and dispositive power with respect to the shares held by Satori CSO and SCIII. SCGPM is wholly owned and controlled by Satori Capital, LLC ("Satori Capital"), which is indirectly owned and controlled by Sunny Vanderbeck and Randy Eisenman through entities that Sunny Vanderbeck or Randy Eisenman own or control. By reason of the provisions of Rule 16a-1 of the Exchange Act, Mr. Grafer may be deemed to have beneficial ownership of certain of the securities that are beneficially owned by Satori CSO and SCIII. Mr. Grafer disclaims beneficial ownership of the securities owned by Satori CSO and SCIII, and the filing of this Form 4 shall not be deemed an admission that Mr. Grafer is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.