Lulus corrects prior disclosure; forfeiture of CEO's stock options to accelerate $1.2M expense in Q1 2023

Lulu's Fashion Lounge Holdings, Inc.

Previously reported cost savings from forfeiture of 161,396 unvested options will not occur.
Company now expects immediate acceleration of remaining $1.2M compensation expense in Q1 2023.
Correction due to required change in accounting analysis learned on February 27, 2023.
CEO David McCreight voluntarily forfeited the unvested stock options.

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