FRANK MEGHAN 4

What Happened
Meghan Frank, Lululemon's Chief Financial Officer and Interim Co‑CEO, was granted a total of 25,820 award units on March 19, 2026. The filing reports 5,436 non‑derivative shares and 20,384 derivative units, all with an acquisition price of $0.00 (total cash outlay $0). This was an award/grant (compensation) — not an open‑market purchase or sale — and is typically aimed at retention/compensation rather than an immediate market commitment.

Key Details

• Transaction date: 2026-03-19; reported on Form 4 filed 2026-03-23 (filed timely).
• Awards: 5,436 shares (non‑derivative) and 20,384 derivative units; total 25,820 units. Price reported: $0.00 (no cash paid).
• Shares owned after transaction: Not disclosed in the provided summary — see the full Form 4 for current beneficial ownership.
• Footnote F1: These are restricted stock units that convert one‑for‑one into common stock; vesting is 33% on 3/19/2027, 33% on 3/19/2028 and 34% on 3/19/2029, subject to continued employment.
• Footnote F2: Describes option vesting (four equal annual installments from first anniversary); no option exercise or cashless sale reported in these transactions.
• Transaction type code: A = Award/Grant.

Context
Awards like RSUs are common executive compensation and do not represent an immediate purchase signal; they vest over time and depend on continued service. The derivative line item reflects awards that convert to common shares under the stated vesting schedule. For retail investors, such grants are informative about pay/retention policy but do not necessarily indicate the insider’s short‑term view on the stock. For full details, consult the complete Form 4 filing (Accession: 0001397187-26-000044).