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Satori Capital, LLC 4

Accession 0001213900-18-008516

CIK 0001701758other
View on SEC.govCompany Profile

Filed

Jun 28, 8:00 PM ET

Accepted

Jun 29, 4:10 PM ET

Size

23.3 KB

Accession

0001213900-18-008516

Insider Transaction Report

Form 4
Period: 2018-06-29
Lovesac CoLOVE
SCGPM, LLC
10% Owner
Transactions
  • Conversion

    Common Stock

    2018-06-29+1,803,041→ 1,803,041 total(indirect: See footnote)
  • Conversion

    Series A-2 Preferred Stock

    2018-06-29−400,000→ 0 total(indirect: See Footnote)
    → Common Stock (501,714 underlying)
  • Conversion

    Series A-1 Preferred Stock

    2018-06-29−1,000,000→ 0 total(indirect: See Footnote)
    → Common Stock (1,301,327 underlying)
Satori Capital Strategic Opportunities, LP
10% Owner
Transactions
  • Conversion

    Series A-1 Preferred Stock

    2018-06-29−1,000,000→ 0 total(indirect: See Footnote)
    → Common Stock (1,301,327 underlying)
  • Conversion

    Series A-2 Preferred Stock

    2018-06-29−400,000→ 0 total(indirect: See Footnote)
    → Common Stock (501,714 underlying)
  • Conversion

    Common Stock

    2018-06-29+1,803,041→ 1,803,041 total(indirect: See footnote)
Satori Capital III, LP
10% Owner
Transactions
  • Conversion

    Series A-2 Preferred Stock

    2018-06-29−400,000→ 0 total(indirect: See Footnote)
    → Common Stock (501,714 underlying)
  • Conversion

    Series A-1 Preferred Stock

    2018-06-29−1,000,000→ 0 total(indirect: See Footnote)
    → Common Stock (1,301,327 underlying)
  • Conversion

    Common Stock

    2018-06-29+1,803,041→ 1,803,041 total(indirect: See footnote)
Satori Capital Strategic Opportunities GP, LLC
10% Owner
Transactions
  • Conversion

    Series A-1 Preferred Stock

    2018-06-29−1,000,000→ 0 total(indirect: See Footnote)
    → Common Stock (1,301,327 underlying)
  • Conversion

    Common Stock

    2018-06-29+1,803,041→ 1,803,041 total(indirect: See footnote)
  • Conversion

    Series A-2 Preferred Stock

    2018-06-29−400,000→ 0 total(indirect: See Footnote)
    → Common Stock (501,714 underlying)
Satori Capital, LLC
10% Owner
Transactions
  • Conversion

    Common Stock

    2018-06-29+1,803,041→ 1,803,041 total(indirect: See footnote)
  • Conversion

    Series A-1 Preferred Stock

    2018-06-29−1,000,000→ 0 total(indirect: See Footnote)
    → Common Stock (1,301,327 underlying)
  • Conversion

    Series A-2 Preferred Stock

    2018-06-29−400,000→ 0 total(indirect: See Footnote)
    → Common Stock (501,714 underlying)
VANDERBECK SUNNY
10% Owner
Transactions
  • Conversion

    Series A-2 Preferred Stock

    2018-06-29−400,000→ 0 total(indirect: See Footnote)
    → Common Stock (501,714 underlying)
  • Conversion

    Common Stock

    2018-06-29+1,803,041→ 1,803,041 total(indirect: See footnote)
  • Conversion

    Series A-1 Preferred Stock

    2018-06-29−1,000,000→ 0 total(indirect: See Footnote)
    → Common Stock (1,301,327 underlying)
Eisenman Randy
10% Owner
Transactions
  • Conversion

    Common Stock

    2018-06-29+1,803,041→ 1,803,041 total(indirect: See footnote)
  • Conversion

    Series A-2 Preferred Stock

    2018-06-29−400,000→ 0 total(indirect: See Footnote)
    → Common Stock (501,714 underlying)
  • Conversion

    Series A-1 Preferred Stock

    2018-06-29−1,000,000→ 0 total(indirect: See Footnote)
    → Common Stock (1,301,327 underlying)
Satori Capital III GP, LLC
10% Owner
Transactions
  • Conversion

    Common Stock

    2018-06-29+1,803,041→ 1,803,041 total(indirect: See footnote)
  • Conversion

    Series A-1 Preferred Stock

    2018-06-29−1,000,000→ 0 total(indirect: See Footnote)
    → Common Stock (1,301,327 underlying)
  • Conversion

    Series A-2 Preferred Stock

    2018-06-29−400,000→ 0 total(indirect: See Footnote)
    → Common Stock (501,714 underlying)
Footnotes (6)
  • [F1]Upon the closing of the Issuer's initial public offering on June 29, 2018, 1,000,000 shares of Series A-1 Preferred Stock, along with the aggregate accrued or accumulated and unpaid dividends thereon, automatically converted into 1,301,327 shares of common stock of the Issuer.
  • [F2]Upon the closing of the Issuer's initial public offering on June 29, 2018, 400,000 shares of Series A-2 Preferred Stock, along with the aggregate accrued or accumulated and unpaid dividends thereon, automatically converted into 501,714 shares of common stock of the Issuer.
  • [F3]Reflects 1-for-2.5 reverse stock split which became effective on June 29, 2018.
  • [F4]Represents 1,255,818 shares of Common Stock owned by Satori Capital Strategic Opportunities, LP ("Satori CSO") and 547,223 shares of Common Stock owned by Satori Capital III, LP ("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.
  • [F5]Represents 696,500 shares of Series A-1 Preferred Stock owned by Satori CSO and 303,500 shares of Series A-1 Preferred Stock owned by SCIII.
  • [F6]Represents 280,000 shares of Series A-2 Preferred Stock owned by Satori CSO and 120,000 shares of Series A-2 Preferred Stock owned by SCIII.

Documents

1 file

Issuer

Lovesac Co

CIK 0001701758

→
Entity typeother
IncorporatedTX

Related Parties

1
  • filerCIK 0001744516

Filing Metadata

Form type
4
Filed
Jun 28, 8:00 PM ET
Accepted
Jun 29, 4:10 PM ET
Size
23.3 KB
View on SEC.gov