SEC Form 4 · accession 0001213900-18-014815
Lovesac Co · LOVE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Sunny Vanderbeck
10% Owner
Randy Eisenman
10% Owner
Satori Capital III, LP
10% Owner
SCGPM, LLC
10% Owner
Satori Capital III GP, LLC
10% Owner
Satori Capital, LLC
Director · 10% Owner
Period of report
Oct 31, 2018
Accepted (ET)
Nov 1, 2018 · 8:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001701758
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 31, 2018 | S | 435,000 | $18.05 | D | 1,418,435 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 302,977 shares of Common Stock sold by Satori Capital Strategic Opportunities, LP ("Satori CSO") and 132,023 shares of Common Stock sold by Satori Capital III, LP ("SCIII") in connection with the closing of a secondary offering of Common Stock by certain selling stockholders of The Lovesac Company.
- F2Represents 987,941 shares of Common Stock owned by Satori CSO and 430,494 shares of Common Stock owned by SCIII. Satori Capital Strategic Opportunities GP, LLC ("Satori CSOGP"), is the general partner of Satori CSO and Satori Capital III GP, LLC ("SCIIIGP"), is the general partner of SCIII. SCGPM, LLC ("SCGPM") is the manager of Satori CSOGP and SCIIIGP and may be deemed to share voting and dispositive power with respect to the shares held by Satori CSO and SCIII. SCGPM is wholly owned and controlled by Satori Capital, LLC ("Satori Capital"), which is indirectly owned and controlled by Sunny Vanderbeck and Randy Eisenman through entities that Sunny Vanderbeck or Randy Eisenman own or control.