Lovesac (LOVE) president gains 29,311 shares from vested performance RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lovesac Co President Mary Fox reported compensation-related equity activity involving performance-based restricted stock units (RSUs). On March 18, 2026, she acquired 29,311 shares of common stock at $0.00 per share through the vesting and conversion of performance-based RSUs.
The vested shares came from portions of three RSU grants awarded on April 15, 2023, June 11, 2024, and April 15, 2025. The unearned balances of those performance-based RSU tranches were forfeited back to the company. Following these transactions, Fox directly holds 67,229 shares of Lovesac common stock. The filing shows no open‑market purchases or sales; the movements reflect equity awards vesting and related forfeitures.
Positive
- None.
Negative
- None.
Insider Trade Summary
29,311 shares exercised/converted
Mixed
9 txns
Insider
Fox Mary
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (Performance-based Vesting) | 4,504 | $0.00 | -- |
| Disposition | Restricted Stock Units (Performance-based Vesting) | 5,192 | $0.00 | -- |
| Exercise | Restricted Stock Units (Performance-based Vesting) | 9,106 | $0.00 | -- |
| Disposition | Restricted Stock Units (Performance-based Vesting) | 510 | $0.00 | -- |
| Exercise | Restricted Stock Units (Performance-based Vesting) | 15,701 | $0.00 | -- |
| Disposition | Restricted Stock Units (Performance-based Vesting) | 1,365 | $0.00 | -- |
| Exercise | Common Stock, $0.00001 par value | 4,504 | $0.00 | -- |
| Exercise | Common Stock, $0.00001 par value | 9,106 | $0.00 | -- |
| Exercise | Common Stock, $0.00001 par value | 15,701 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units (Performance-based Vesting) — 5,192 shares (Direct);
Common Stock, $0.00001 par value — 42,422 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock. The reported shares were acquired upon the vesting of a portion of the third tranche of performance-based RSUs granted on April 15, 2023. The unearned balance of performance-based RSUs from this grant were forfeited. The reported shares were acquired upon the vesting of a portion of the second tranche of performance-based RSUs granted on June 11, 2024. The unearned balance of performance-based RSUs from this tranche were forfeited. The reported shares were acquired upon the vesting of a portion of the first tranche of performance-based RSUs granted on April 15, 2025. The unearned balance of performance-based RSUs from this tranche were forfeited.
FAQ
What equity transactions did Lovesac (LOVE) President Mary Fox report?
Mary Fox reported equity compensation activity, not market trades. On March 18, 2026, she received common shares through vesting of performance-based RSUs and forfeited unearned RSU balances, reflecting the outcome of prior incentive awards rather than new buying or selling in the market.
Were any of Mary Fox’s performance-based RSUs forfeited in this Lovesac filing?
Yes. For each of the three performance-based RSU grants referenced, only a portion of the applicable tranche vested. According to the footnotes, the unearned balance of each affected performance-based RSU tranche was forfeited back to the company and no longer remains outstanding.
Do the Mary Fox Form 4 transactions for Lovesac (LOVE) involve open-market trades?
No. The Form 4 shows no open-market purchases or sales. The transactions consist of RSUs vesting into common stock at a price of $0.00 per share and related forfeitures to the issuer, reflecting compensation mechanics rather than discretionary market trading activity.
Which RSU grants are referenced in Mary Fox’s Lovesac Form 4 footnotes?
The footnotes reference performance-based RSU grants originally awarded on April 15, 2023, June 11, 2024, and April 15, 2025. Portions of specific tranches from these grants vested on March 18, 2026, while the remaining unearned RSUs in each affected tranche were forfeited.