Lulus Fashion Lounge Holdings Inc

We are from time to time subject to various legal proceedings and claims, including employment claims, wage and hour claims, intellectual property claims, privacy claims, contractual and commercial disputes and other matters that arise in the ordinary course of our business. As of the date of this filing, we have received a cease and desist letter alleging intellectual property infringement that has not proceeded to formal legal proceedings. In the thirteen weeks ended June 30,

2024, the Company recorded a loss contingency accrual of $1.7 million for estimated losses that we expect to incur in connection with this claim, and a related anticipated and contingent insurance receivable of $1.3 million. While the outcome of this and other claims cannot be predicted with certainty, other than as discussed above, we do not believe that theoutcome of these matters will have a material adverse effect on our business, financial condition, cash flows, or results of operations. Other than as discussed above, we are not presently a party to any legal proceedings that we believe would, if determined adversely to us, materially and adversely affect our future business, financial condition, cash flows, or results of operations.