NEUBURGER NICOLE 4

4 · lululemon athletica inc. · Filed Mar 23, 2026

AI-generated summary of this filing

Updated Mar 23, 2026

Lululemon (LULU) CBO Nicole Neuburger Receives RSU Award

What Happened

Nicole Neuburger, Chief Brand Officer of lululemon athletica inc., received equity awards on March 19, 2026. The Form 4 reports two grant entries: 3,745 non-derivative shares acquired at $0.00 (value $0) and 14,042 derivative awards acquired at $0.00 (value $0), for a total of 17,787 shares/RSUs. This is an award/grant (compensation), not an open-market purchase or sale.

Key Details

Transaction date: March 19, 2026. Filing date: March 23, 2026 (filed four days after the transaction; appears to be past the usual 2-business-day Form 4 deadline).
Price and value reported: $0.00 per share for both entries (total reported value $0 on the Form 4).
Shares owned after transaction: Not specified in the filing.
Footnotes:
- F1: The derivative awards are restricted stock units 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 employment.
- F2: Describes a standard four-year option vesting schedule (annual installments beginning on the first anniversary); this note applies to option grants generally in the filing package but the reported March 19 entries are RSU/award grants.
Transaction code: A (award/grant).

Context

These entries are compensation awards (RSUs/stock awards), which do not require the insider to pay cash at grant. The derivative RSUs will convert to common shares only as they vest per F1 and subject to Neuburger's continued employment.
Awards are common for executive compensation and do not by themselves indicate a near-term trading signal (no immediate sale or exercise reported).

Form 4

Period: 2026-03-19

Chief Brand Officer

Transactions

Award
Common Stock
[F1]
2026-03-19+3,745→ 18,797 total
Award
Stock Options (Right to Buy)
[F2]
2026-03-19+14,042→ 14,042 total
Exercise: $165.57Exp: 2036-03-19→ Common Stock (14,042 underlying)

Footnotes (2)

[F1]Restricted Stock units convert into common stock on a one-for-one basis. The reporting person received a restricted stock unit award which vests as to 33% on March 19, 2027, 33% on March 19, 2028 and 34% on March 19, 2029, subject to the reporting person's continued employment or association with the issuer through such date.
[F2]Each option vests in four equal annual installments beginning on the first anniversary of the grant date, subject to continued service.

Signature

/s/ Nicole Neuburger by Alex Grieve, Attorney-in-Fact|2026-03-23

1 file