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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

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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	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

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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.