Form 4: Lovesac CEO Shawn Nelson Reports Stock Transactions
SEC Form 4 Filing
Shawn Nelson, CEO of Lovesac, reports the vesting and forfeiture of restricted stock units.
Summary
- On April 2, 2025, Shawn Nelson, CEO of Lovesac, reported transactions involving Lovesac common stock.
- Nelson acquired 4,884 shares of common stock upon the vesting of performance-based restricted stock units (RSUs).
- These RSUs were granted on April 15, 2024.
- Nelson also forfeited 4,731 unearned performance-based RSUs granted on April 15, 2024.
- Additionally, 5,544 performance-based RSUs granted on April 15, 2022, were forfeited because they were unearned.
- Following these transactions, Nelson directly owns 162,116 shares and indirectly owns 52,094 shares through The LPDV Holding Trust.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. There is no inherent positive or negative sentiment.
Negatives
- Shawn Nelson forfeited a total of 10,275 unearned performance-based RSUs.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| October 1, 2018 | Date of The LPDV Holding Trust |
| April 15, 2022 | Date of grant for 5,544 performance-based RSUs that were later forfeited |
| April 15, 2024 | Date of grant for RSUs, some of which vested and some of which were forfeited |
| April 2, 2025 | Date of stock transactions: vesting and forfeiture of RSUs |
| April 7, 2025 | Date of signature on the Form 4 filing |
Keywords
Lovesac, Shawn Nelson, stock, RSU, restricted stock units, Form 4, CEO, beneficial ownership, forfeiture, vesting
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