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Lovesac Co Director's Dealing 2020

Jun 12, 2020

33495_dirs_2020-06-12_c1374841-e0d9-41b3-ab53-3ad4a516609c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lovesac Co (LOVE)
CIK: 0001701758
Period of Report: 2020-06-08

Reporting Person: Grafer John Richard (Director)
Reporting Person: Satori Capital, LLC (Affiliate of reporting person)
Reporting Person: VANDERBECK SUNNY (Affiliate of reporting person)
Reporting Person: Eisenman Randy (Affiliate of reporting person)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2020-06-08 Restricted Stock Units $ A 4126 Acquired Common Stock (4126) Indirect

Footnotes

F1: Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's common stock.

F2: The reporting person received a grant of 4,126 RSUs, all of which vest on June 5, 2021.

F3: The RSUs were granted to Mr. Grafer, a partner at Satori Capital, LLC ("Satori Capital"), in connection with his service as a member of the board of directors of the Issuer. Pursuant to the policies of Satori Capital, Mr. Grafer holds these RSUs as a nominee on behalf, and for the sole benefit, of Satori Capital. Mr. Grafer disclaims beneficial ownership of the RSUs, and the filing of this Form 4 shall not be deemed an admission that Mr. Grafer is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Satori Capital is indirectly owned and controlled by Sunny Vanderbeck and Randy Eisenman through entities that Sunny Vanderbeck or Randy Eisenman own or control.