Form 4: Lovesac CEO Shawn Nelson Reports Stock Disposal
SEC Form 4 Filing
Shawn Nelson, CEO of Lovesac Co, reports the disposal of 3,750 shares of common stock and discloses beneficial ownership of shares held in a trust.
Summary
- On December 27, 2024, Shawn Nelson, the CEO of Lovesac Co, reported a transaction involving the company's common stock.
- Nelson disposed of 3,750 shares of common stock at a price of $0.
- Following the transaction, Nelson directly owns 157,232 shares.
- Nelson also indirectly owns 52,094 shares through The LPDV Holding Trust, where his spouse is the trustee and he has sole authority over the disposition of shares.
- The shares disposed of were a gift.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by SEC regulations. It provides transparency to investors regarding the trading activities of key personnel.
Stakeholder Impact
- The transaction may be of interest to shareholders as it provides insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| October 1, 2018 | Date of The LDPV Holding Trust |
| 12/27/2024 | Date of stock transaction |
| 12/30/2024 | Date of signature on the report |
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