Filing Details
- Accession Number:
- 0001213900-21-022447
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-04-21 16:39:48
- Reporting Period:
- 2021-04-19
- Accepted Time:
- 2021-04-21 16:39:48
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1701758 | Lovesac Co | LOVE | Retail-Furniture Stores (5712) | 320514958 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1730879 | David Shawn Nelson | Two Landmark Square, Suite 300 Stamford CT 06901 | Chief Executive Officer | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.00001 Par Value | Disposition | 2021-04-19 | 1,700 | $68.00 | 98,445 | No | 4 | S | Indirect | The LDPV Holding Trust |
| Common Stock, $0.00001 Par Value | Disposition | 2021-04-19 | 1,800 | $68.98 | 96,645 | No | 4 | S | Indirect | The LDPV Holding Trust |
| Common Stock, $0.00001 Par Value | Disposition | 2021-04-19 | 2,500 | $69.70 | 94,145 | No | 4 | S | Indirect | The LDPV Holding Trust |
| Common Stock, $0.00001 Par Value | Acquisiton | 2021-04-19 | 2,668 | $0.00 | 130,897 | No | 4 | A | Direct | |
| Common Stock, $0.00001 Par Value | Acquisiton | 2021-04-19 | 7,144 | $0.00 | 138,041 | No | 4 | A | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Indirect | The LDPV Holding Trust |
| No | 4 | S | Indirect | The LDPV Holding Trust |
| No | 4 | S | Indirect | The LDPV Holding Trust |
| No | 4 | A | Direct | |
| No | 4 | A | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2021-04-19 | 2,668 | $0.00 | 2,668 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2021-04-19 | 7,144 | $0.00 | 7,144 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,669 | No | 4 | M | Direct | ||
| 14,289 | No | 4 | M | Direct |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from (i) in the case of $68.00, from $67.50 to $68.39; in the case of $68.98, from $68.61 to $69.51; and (iii) in the case of $69.70, from $69.69 to $70.27. The reporting person undertakes to provide to The Lovesac Company, any security holder of The Lovesac Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1).
- The reported shares are held by The LDPV Holding Trust, dated October 1, 2018, of which the reporting person's spouse is trustee and the reporting person has sole authority over the disposition of the shares of the Issuer held by the trust.
- In the Form 4 filed by the reporting person with the SEC on January 21, 2021, total direct and indirect holdings of the reporting person accurately reflected all holdings and transactions to date. However, the shares sold were inadvertently deducted from the reporting person's direct holdings rather than the reporting person's indirect holdings, with such allocations carrying over in subsequent filings. Total beneficial holdings were not affected. Total direct and indirect holdings in this filing reflect the actual allocation.
- Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting and settlement of the RSU, one share of Issuer's common stock. Settlement will occur on June 5, 2021.
- The reported shares will be settled on June 5, 2021 upon the vesting of the second tranche of performance based RSUs granted on June 5, 2019 based on the Issuer's achievements with respect to certain financial performance metrics for the applicable performance period.
- The reported shares will be settled on June 5, 2021 upon the vesting of the first tranche of performance based RSUs granted on June 5, 2020 based on the Issuer's achievements with respect to certain financial performance metrics for the applicable performance period.
Billionaire Hedge Funds
