Lovesac Co — Director's Dealing 2020

Oct 21, 2020

SEC Form 4/A — Form 4/A

Issuer: Lovesac Co (LOVE)
CIK: 0001701758
Period of Report: 2020-10-14

Reporting Person: HEYER ANDREW R (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-14	Common stock, $0.00001 par value	X	75000	$16	Acquired	2268599	Indirect
2020-10-14	Common stock, $0.00001 par value	S	33262	$36.0782	Disposed	2235337	Indirect
2020-10-14	Common stock, $0.00001 par value	X	90000	$16	Acquired	2325337	Indirect
2020-10-14	Common stock, $0.00001 par value	S	39913	$36.0782	Disposed	2285424	Indirect
2020-10-14	Common stock, $0.00001 par value	S	39913	$36.0782	Disposed	2285424	Indirect
2020-10-14	Common stock, $0.00001 par value	X	74200	$16	Acquired	2359624	Indirect
2020-10-14	Common stock, $0.00001 par value	S	32906	$36.0782	Disposed	2326718	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-14	Warrant (right to buy)	$16	X	75000	Disposed	2021-06-29	Common Stock (75000)	Indirect
2020-10-14	Warrant (right to buy)	$16	X	90000	Disposed	2021-06-29	Common Stock (90000)	Indirect
2020-10-14	Warrant (right to buy)	$16	X	74200	Disposed	2021-06-29	Common Stock (74200)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, $0.00001 par value	128687	Direct
Common stock, $0.00001 par value	33515	Indirect

Footnotes

F1: 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 33,262 of the warrant shares to pay the exercise price and issuing to the Mistral Funds the remaining 41,738 shares.

F2: 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.

F3: 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.

F4: 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.

F5: These shares are held by Heyer Investment Management LLC and Andrew R. Heyer 2007 Associates, L.P., each of which Mr. Heyer controls.