MAESTRINI ANDRE 4

What Happened

• Andre Maestrini, President, Chief Commercial Officer and Interim Co‑CEO of lululemon athletica inc. (LULU), received two equity awards on March 19, 2026: 5,436 shares (award) and 20,384 derivative units. Both were granted at $0.00 per share/unit (compensation awards), for a combined total of 25,820 shares/units. These were awards, not open‑market purchases or sales.

Key Details

• Transaction date: 2026-03-19; Form 4 filed: 2026-03-23 (filed within the required reporting window).
• Reported prices: $0.00 per share/unit; total reported acquisition value $0 (compensation grant).
• Awards breakdown: 5,436 (award) and 20,384 (derivative units); total = 25,820.
• Vesting/footnotes:
  • The 20,384 derivative units are Restricted Stock Units (RSUs) that convert one-for-one into common stock and vest 33% on 3/19/2027, 33% on 3/19/2028 and 34% on 3/19/2029 (subject to continued service).
  • The other award is subject to a separate vesting schedule (footnote indicates options vest in four equal annual installments beginning on the first anniversary of the grant, subject to continued service).
• Shares owned after the transaction are not included in the excerpt provided.

Context

• These grants are compensation awards rather than purchases or sales; such awards are routine for executive pay and do not by themselves indicate buying or selling sentiment. The filing appears timely (filed on the next reporting deadline business day). The RSU portion vests over multiple years, tying future value to continued service and stock performance.