Lovesac Co — Director's Dealing 2020

Jan 16, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Lovesac Co (LOVE)
CIK: 0001701758
Period of Report: 2020-01-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-13	Common Stock, par value $0.00001	P	15000	$12.9882	Acquired	31960	Direct
2020-01-14	Common Stock, par value $0.00001	P	5000	$12.2866	Acquired	36960	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.00001	2193599	Indirect
Common Stock, par value $0.00001	430304	Indirect
Common Stock, par value $0.00001	154433	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (3245)	3245	Direct
Restricted Stock Units	$		Common Stock (3245)	3245	Direct
Warrants to Purchase Common Stock	$16	2021-06-29	Common Stock (75000)	75000	Indirect
Warrants to Purchase Common Stock	$16	2021-06-29	Common Stock (90000)	90000	Indirect
Warrants to Purchase Common Stock	$16	2021-06-29	Common Stock (74200)	74200	Indirect

Footnotes

F1: The price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions ranged from $12.53 to $13.17, inclusive. Upon request of the SEC staff or the issuer, the reporting person will provide full information regarding the number of shares purchased at each separate price.

F2: The price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions ranged from $12.26 to $12.30, inclusive. Upon request of the SEC staff or the issuer, the reporting person will provide full information regarding the number of shares purchased at each separate price.

F3: 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 Mistral Sac Holdings 2, LLC ("MSH2"), Mistral Sac Holdings 3, LLC ("MSH3"), Mistral Sac Holdings 4, LLC ("MSH4") and the Mistral Funds (as defined below). Mr. Heyer disclaims beneficial ownership of the securities owned by MSH2, MSH3, MSH4 and the Mistral Funds, except to the extent of Mr. Heyer's pecuniary interest therein.

F4: These securities are held by Mistral Equity Partners, LP, Mistral Equity Partners QP, LP and MEP Co-Invest, LLC (collectively, the "Mistral Funds"), each of which is controlled by Mr, Heyer.

F5: These securities are held by MSH2.

F6: These securities are held by MSH4.

F7: Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting of the RSU, one share of the registrant's common stock.

F8: The reporting person received a grant of 3,245 RSUs, of which 100% are subject vesting on the first anniversary of the October 2, 2019 grant date.

F9: The reporting person received a grant of 3,245 RSUs, of which 50% are subject vesting on the first anniversary of the October 2, 2019 grant date and 50% are subject vesting on the second anniversary of the grant date.

F10: These securities are held by MSH3.