Lovesac Shares Up 7% After Director Purchase

Insider Purchases Signal Confidence

In after‑hours trading on Monday, The Lovesac Company (NASDAQ: LOVE) stock increased approximately 7% following insider buying activity. Director Andrew Heyer purchased 30,000 shares of common stock on June 18, paying a weighted‑average price of $14.68 per share, for a total outlay of about $440,400, as disclosed in a Form 4 filing with the SEC. The acquisition raised Heyer’s direct ownership to 293,259 shares.

The company’s president, Mary Fox, also increased her stake by buying 1,720 shares on Sunday at a weighted‑average price of $14.41 per share, bringing her direct holdings to 71,674 shares.

Both transactions were reported in the filing and suggest insider confidence in the company’s prospects. No further commentary or forward‑looking statements were provided.