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Filing Details

Accession Number:: 0001213900-20-031750
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-10-16 16:23:58
Reporting Period:: 2020-10-14

Accepted Time:: 2020-10-16 16:23:58
SEC Url:: Form 4 Filing

Issuer

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

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1259062	R Andrew Heyer	Two Landmark Square, Suite 300 Stamford CT 06901		Yes	No	Yes	No

Reported Non-Derivative Transactions

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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	Acquisiton	2020-10-14	75,000	$16.00	2,250,153	No	4	X	Indirect	See footnote
Common Stock, $0.00001 Par Value	Disposition	2020-10-14	33,260	$36.08	2,268,599	No	4	S	Indirect	See footnote
Common Stock, $0.00001 Par Value	Acquisiton	2020-10-14	90,000	$16.00	2,235,339	No	4	X	Indirect	See footnote
Common Stock, $0.00001 Par Value	Disposition	2020-10-14	39,913	$36.08	2,325,339	No	4	S	Indirect	See footnote
Common Stock, $0.00001 Par Value	Acquisiton	2020-10-14	74,200	$16.00	2,285,426	No	4	X	Indirect	See footnote
Common Stock, $0.00001 Par Value	Disposition	2020-10-14	32,906	$36.08	2,359,626	No	4	S	Indirect	See footnote

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrant (right to buy)	Disposition	2020-10-14	75,000	$0.00	75,000	$16.00
Common Stock	Warrant (right to buy)	Disposition	2020-10-14	90,000	$0.00	90,000	$16.00
Common Stock	Warrant (right to buy)	Disposition	2020-10-14	74,200	$0.00	74,200	$16.00

Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2017-05-30	2021-06-29	No	4	X	Indirect
2017-05-30	2021-06-29	No	4	X	Indirect
2017-10-19	2021-06-29	No	4	X	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, $0.00001 Par Value	128,687	Direct

Footnotes

On October 14, 2020, Mistral Equity Partners, LP ("MEP, LP"), MEP Co-Invest, LLC ("MEP Co-Invest"), and Mistral Equity Partners QP, LP ("Mistral QP" and together with MEP, LP and MEP Co-Invest, the "Mistral Funds") exercised warrants to purchase a total of 75,000 shares of Lovesac common stock for $16 per share. The Mistral Funds paid the exercise price on a cashless basis, resulting in Lovesac's withholding of 33,260 of the warrant shares to pay the exercise price and issuing to the Mistral Funds the remaining 41,740 shares.
On October 14, 2020, Mistral Sac Holdings 3, LLP ("MSH3") exercised a warrant to purchase 90,000 shares of Lovesac common stock for $16 per share. MSH3 paid the exercise price on a cashless basis, resulting in Lovesac's withholding of 39,913 of the warrant shares to pay the exercise price and issuing to MSH3 the remaining 50,087 shares.
On October 14, 2020, Mistral Sac Holdings 4, LLP ("MSH4") exercised a warrant to purchase 74,200 shares of Lovesac common stock for $16 per share. MSH4 paid the exercise price on a cashless basis, resulting in Lovesac's withholding of 32,906 of the warrant shares to pay the exercise price and issuing to MSH4 the remaining 41,294 shares.
By reason of the provisions of Rule 16a-1 of the Exchange Act, Mr. Heyer may be deemed to have beneficial ownership of certain of the securities that are beneficially owned by MSH3, MSH4 and the Mistral Funds. Each of the Mistral Funds is controlled by Mr. Heyer. Mr. Heyer disclaims beneficial ownership of the securities owned by MSH3, MSH4 and the Mistral Funds, except to the extent of Mr. Heyer's pecuniary interest therein.