Form 4: Lovesac CEO Shawn Nelson Sells 6,000 Shares
SEC Form 4 Filing
Lovesac's CEO, Shawn Nelson, sold 6,000 shares of common stock at an average price of $22.4355 on March 15, 2024.
Summary
- On March 15, 2024, Shawn Nelson, the CEO of Lovesac Co, sold 6,000 shares of common stock.
- The shares were sold at a weighted average price of $22.4355.
- The price range for the sales was between $22.27 and $22.72.
- Following the transaction, Nelson directly owns 179,970 shares.
- Nelson indirectly owns 52,094 shares through The LPDV Holding Trust.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine disclosure of an insider stock sale, which doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| October 1, 2018 | Date of The LDPV Holding Trust |
| 03/15/2024 | Date of transaction: Sale of 6,000 shares |
| 03/18/2024 | Date of signature on the Form 4 filing |
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