Lovesac (LOVE) CFO receives new RSU grants and reports vesting with tax withholding

Rhea-AI Filing Summary

Lovesac Co EVP and CFO Keith R. Siegner reported multiple equity compensation transactions involving restricted stock units (RSUs) and common stock. On April 15, 2026, he received a grant of 34,966 RSUs that vest in three equal annual installments and a separate grant of 34,966 performance-based RSUs that vest based on the company’s achievement of pre-established performance targets over a three-year period.

On the same date, 7,714 time-based RSUs from a prior April 15, 2025 grant vested and were converted into common stock. To cover tax obligations tied to the settlement of a portion of performance-based RSUs from that 2025 grant, 6,864 shares of common stock were withheld at $16.65 per share, and no shares were sold on the market. After these transactions, Siegner directly held 31,087 shares of Lovesac common stock.

Insights

Equity compensation analyst

Routine equity grants and vesting for Lovesac’s CFO with tax withholding, not open‑market trading.

The transactions show Keith R. Siegner, EVP and CFO of Lovesac Co, receiving significant equity compensation on April 15, 2026. He was granted 34,966 time-based RSUs and 34,966 performance-based RSUs, both at a grant price of $0.00, aligning his incentives with shareholders.

Separately, 7,714 RSUs from an April 15, 2025 grant vested and converted into common stock. To satisfy tax liabilities on performance-based RSU settlements, a total of 6,864 shares were withheld at $16.65 per share. These F-code dispositions are administrative tax payments, not discretionary sales.

Following the net transactions, Siegner directly owned 31,087 common shares. With no remaining derivative positions listed and no open-market buying or selling, the filing reflects routine compensation and vesting mechanics rather than a directional view on the stock, making its overall investment impact neutral.

Insider Trade Summary

7,714 shares exercised/converted

Mixed 6 txns

Insider Siegner Keith R.

Role EVP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	34,966	$0.00	--
Grant/Award	Restricted Stock Units (Performance-based Vesting)	34,966	$0.00	--
Exercise	Restricted Stock Units	7,714	$0.00	--
Exercise	Common Stock, $0.00001 par value	7,714	$0.00	--
Tax Withholding	Common Stock, $0.00001 par value	3,575	$16.65	$60K
Tax Withholding	Common Stock, $0.00001 par value	3,289	$16.65	$55K

Holdings After Transaction: Restricted Stock Units — 34,966 shares (Direct); Restricted Stock Units (Performance-based Vesting) — 34,966 shares (Direct); Common Stock, $0.00001 par value — 37,951 shares (Direct)

Footnotes (1)

1. The reported shares were acquired upon the vesting of the first tranche of time-based restricted stock units ("RSUs") granted on April 15, 2025. The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2025. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of a portion of the first tranche of performance-based RSUs granted on April 15, 2025. No shares were sold. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. On April 15, 2026, the Reporting Person received a grant of RSUs which vest in three equal installments on the first, second and third anniversaries of the grant date. On April 15, 2026, the Reporting Person received a grant of performance-based RSUs which vest based on the Issuer's achievements with respect to certain pre-established performance targets for the performance period. Once earned, the performance-based RSUs are payable at the end of the three-year performance period.

Key Figures

Time-based RSU grant: 34,966 RSUs Performance-based RSU grant: 34,966 RSUs Vested RSUs from 2025 grant: 7,714 RSUs +3 more

6 metrics

Time-based RSU grant 34,966 RSUs Granted April 15, 2026; vest in three equal annual installments

Performance-based RSU grant 34,966 RSUs Granted April 15, 2026; vest based on performance over three-year period

Vested RSUs from 2025 grant 7,714 RSUs First tranche of time-based RSUs granted April 15, 2025 vested April 15, 2026

Shares withheld for taxes 6,864 shares Tax withholding on RSU settlements at $16.65 per share

Tax withholding price $16.65 per share Applied to 3,575 and 3,289 withheld shares of common stock

Common shares held after transactions 31,087 shares Direct Lovesac common stock ownership after April 15, 2026 activity

Key Terms

Restricted Stock Units, performance-based RSUs, tax liability, vesting, +1 more

5 terms

Restricted Stock Units financial

"The reported shares were acquired upon the vesting of the first tranche of time-based restricted stock units ("RSUs") granted on April 15, 2025."

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.

performance-based RSUs financial

"On April 15, 2026, the Reporting Person received a grant of performance-based RSUs which vest based on the Issuer's achievements..."

Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.

tax liability financial

"The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of a portion of the first tranche of performance-based RSUs..."

vesting financial

"On April 15, 2026, the Reporting Person received a grant of RSUs which vest in three equal installments on the first, second and third anniversaries..."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

Form 4 Insider Transactions: What Each Field Means →

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^*

Siegner Keith R.

(Last) (First) (Middle)

421 ATLANTIC STREET, SUITE 201

(Street)

STAMFORD CONNECTICUT 06901

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lovesac Co [ LOVE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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, $0.00001 par value	04/15/2026		M		7,714(1)	A	$0	37,951	D
Common Stock, $0.00001 par value	04/15/2026		F		3,575(2)	D	$16.65	34,376	D
Common Stock, $0.00001 par value	04/15/2026		F		3,289(3)	D	$16.65	31,087	D

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
Restricted Stock Units	$0(4)	04/15/2026		A		34,966		(5)	(5)	Common Stock	34,966	$0	34,966	D
Restricted Stock Units (Performance-based Vesting)	(4)	04/15/2026		A		34,966		(6)	(6)	Common Stock	34,966	$0	34,966	D
Restricted Stock Units	$0	04/15/2026		M			7,714	(1)	(1)	Common Stock	7,714	$0	15,428	D

Explanation of Responses:

1. The reported shares were acquired upon the vesting of the first tranche of time-based restricted stock units ("RSUs") granted on April 15, 2025.

2. The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2025.

3. The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of a portion of the first tranche of performance-based RSUs granted on April 15, 2025. No shares were sold.

4. Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.

5. On April 15, 2026, the Reporting Person received a grant of RSUs which vest in three equal installments on the first, second and third anniversaries of the grant date.

6. On April 15, 2026, the Reporting Person received a grant of performance-based RSUs which vest based on the Issuer's achievements with respect to certain pre-established performance targets for the performance period. Once earned, the performance-based RSUs are payable at the end of the three-year performance period.

Remarks:

	/s/ Megan C. Preneta, as Attorney-in-Fact for Keith R. Siegner	04/17/2026
	** 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.
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)

FAQ

What equity awards did Lovesac (LOVE) CFO Keith Siegner receive on April 15, 2026?

On April 15, 2026, Keith Siegner received two new equity awards: 34,966 time-based restricted stock units and 34,966 performance-based RSUs. The time-based RSUs vest in three equal annual installments, while the performance-based RSUs depend on Lovesac achieving specified performance targets over a three-year period.

How many Lovesac (LOVE) shares vested for the CFO from prior RSU grants?

On April 15, 2026, 7,714 time-based RSUs granted on April 15, 2025 vested for Keith Siegner and were settled in Lovesac common stock. Each RSU represents the right to receive one share upon vesting, so 7,714 shares of common stock were delivered from this vesting event.

Did the Lovesac (LOVE) CFO sell any shares in this Form 4 filing?

No shares were sold in the market. Instead, 6,864 shares of Lovesac common stock were withheld to satisfy Keith Siegner’s tax liabilities related to the settlement of performance-based RSUs. The filing and footnotes clarify that these F-code transactions were tax withholdings, not open-market sales.

What price was used for Lovesac (LOVE) share tax withholding in the CFO’s Form 4?

For the tax-withholding transactions, 3,575 shares and 3,289 shares of Lovesac common stock were withheld at a price of $16.65 per share. These withholdings covered the reporting person’s tax obligations tied to settling a portion of performance-based RSUs granted on April 15, 2025.

How many Lovesac (LOVE) common shares does the CFO hold after these transactions?

After all reported transactions on April 15, 2026, Keith Siegner directly held 31,087 shares of Lovesac common stock. This figure reflects the vested RSUs converted into stock, reduced by the shares withheld to pay associated tax liabilities, as disclosed in the Form 4 data.

How do Lovesac (LOVE) performance-based RSUs for the CFO vest?

The April 15, 2026 grant of performance-based RSUs to Keith Siegner vests based on Lovesac’s achievement of specified performance targets over a defined performance period. Once earned, the performance-based RSUs become payable at the end of the three-year performance period described in the footnotes.