Form 4: Lovesac Co: Insider John Richard Grafer Awarded Restricted Stock Units

John Richard Grafer, a director and affiliate of Lovesac Co, received 4,808 Restricted Stock Units (RSUs) that will vest on June 11, 2025.

Summary

• On June 11, 2024, John Richard Grafer, a director of Lovesac Co and partner at Satori Capital, was granted 4,808 Restricted Stock Units (RSUs).
• These RSUs represent the contingent right to receive one share of Lovesac Co common stock upon vesting.
• The RSUs are subject to vesting on June 11, 2025.
• Grafer holds these RSUs as a nominee on behalf of Satori Capital, according to Satori Capital's policies.
• Grafer disclaims beneficial ownership of the RSUs.
• The filing also includes information for Satori Capital, LLC and related entities, including SCGPM, LLC, Satori Capital Strategic Opportunities GP, LLC, Satori Capital III GP, LLC, Satori Capital Strategic Opportunities, LP, Satori Capital III, LP, Satori Co-Investment Partners, LP, Sunny Vanderbeck, and Randy Eisenman, all listed as affiliates.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

This is a standard SEC Form 4 filing, disclosing a change in beneficial ownership of securities by a company insider. Such filings are common and provide transparency to the market regarding insider activity.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding insider compensation and ownership.

Key Dates