Lululemon Athletica (LULU) Form 4 lululemon athletica / NICOLE NEUBURGER ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

NEUBURGER NICOLE

(Last) (First) (Middle)

C/O LULULEMON ATHLETICA INC.

1818 CORNWALL AVENUE

(Street)

VANCOUVER A1 V6J 1C7

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
lululemon athletica inc. [ LULU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Brand Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/26/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/26/2024		M		19	A	$239.39	6,217	D
Common Stock	12/26/2024		M		656	A	$188.84	6,873	D
Common Stock	12/26/2024		M		605	A	$306.71	7,478	D
Common Stock	12/26/2024		M		416	A	$376.92	7,894	D
Common Stock	12/26/2024		M		37	A	$307.77	7,931	D
Common Stock	12/26/2024		M		289	A	$358.09	8,220	D
Common Stock	12/26/2024		S		2,022	D	$387.1095	6,198	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$239.39	12/26/2024		M			19	(1)	01/31/2027	Common Stock	19	$0	56	D
Stock Option (right to buy)	$188.84	12/26/2024		M			656	(2)	03/27/2027	Common Stock	656	$0	1,966	D
Stock Option (right to buy)	$306.71	12/26/2024		M			605	(3)	03/31/2028	Common Stock	605	$0	2,623	D
Stock Option (right to buy)	$376.92	12/26/2024		M			416	(4)	03/30/2029	Common Stock	416	$0	2,910	D
Stock Option (right to buy)	$307.77	12/26/2024		M			37	(5)	06/08/2029	Common Stock	37	$0	254	D
Stock Option (right to buy)	$358.09	12/26/2024		M			289	(6)	03/30/2030	Common Stock	289	$0	4,327	D

Explanation of Responses:

1. These options vested as to 25% on each of January 31, 2021, January 31, 2022, January 31, 2023 and January 31, 2024.

2. These options vested as to 25% on each of March 27, 2021, March 27, 2022, March 27, 2023 and March 27, 2024.

3. These options vested as to 25% on each of March 31, 2022, March 31, 2023 and March 31, 2024 and will vest with respect to 25% on March 31, 2025, subject to the reporting person's continued employment or association with the issuer through such date.

4. These options vested as to 25% on each of March 30, 2023 and March 30, 2024 and will vest with respect to 25% on each of March 30, 2025 and March 30, 2026, subject to the reporting person's continued employment or association with the issuer through each such date.

5. These options vested as to 25% on each of June 8, 2023 and June 8, 2024 and will vest with respect to 25% on each of June 8, 2025 and June 8, 2026, subject to the reporting person's continued employment or association with the issuer through each such date.

6. These options vested as to 25% on March 30, 2024 and will vest with respect to 25% on each of March 30, 2025, March 30, 2026 and March 30, 2027, subject to the reporting person's continued employment or association with the issuer through each such date.

	/s/ Nicole Neuburger by Alex Grieve, Attorney-in-Fact	12/30/2024
	** Signature of Reporting Person	Date
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