Lululemon Athletica 4: FRANK MEGHAN bought 1,364 shares of Common Stock at $167.54… (Jan 2, 2026)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2025-12-30 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: lululemon athletica inc. (LULU) CIK: 0001397187 --- Reporting Owner --- Name: FRANK MEGHAN CIK: 0001833934 Role: Officer (Chief Financial Officer) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2025-12-30 | Code: M (Exercise of derivative) Shares: +1,364 | Price: $167.54 Total Value: $228,524.56 Shares Owned After: 26,885 | Ownership: D (Direct) [Transaction #2] Security: Common Stock Date: 2025-12-30 | Code: M (Exercise of derivative) Shares: +1,399 | Price: $167.54 Total Value: $234,388.46 Shares Owned After: 28,284 | Ownership: D (Direct) [Transaction #3] Security: Common Stock Date: 2025-12-30 | Code: S (Open market sale) Shares: -2,658 | Price: $211.37 Total Value: $561,821.46 Shares Owned After: 25,626 | Ownership: D (Direct) Footnotes: [F1] The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.33 to $211.44, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges stated in this footnote. --- Derivative Transactions --- [Transaction #1] Security: Stock Option (right to buy) Date: 2025-12-30 | Code: M (Exercise of derivative) Shares: -1,364 | Price: $0.00 Exercisable: N/A | Expires: 2026-03-28 Shares Owned After: 0 | Ownership: D (Direct) Footnotes: [F2] These options vested in four equal installments on March 28, 2020, 2021, 2022 and 2023. [Transaction #2] Security: Stock Option (right to buy) Date: 2025-12-30 | Code: M (Exercise of derivative) Shares: -1,399 | Price: $0.00 Exercisable: N/A | Expires: 2026-03-28 Shares Owned After: 0 | Ownership: D (Direct) Footnotes: [F2] These options vested in four equal installments on March 28, 2020, 2021, 2022 and 2023. --- Footnotes (Complete Index) --- F1: The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $211.33 to $211.44, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges stated in this footnote. F2: These options vested in four equal installments on March 28, 2020, 2021, 2022 and 2023. --- Signature --- /s/ /s/ Meghan Frank by Alex Grieve, Attorney-in-Fact (2026-01-02)