Fund 1 Investments Amends BJ's Restaurants Stake Filing

TL;DR

Fund 1 Investments updated their 13D filing for BJRI. No major changes disclosed, but always worth watching.

AI Summary

Fund 1 Investments, LLC has filed an amendment (No. 4) to its Schedule 13D regarding BJ's Restaurants, Inc. The filing, dated March 15, 2024, indicates a change in the reporting of beneficial ownership. Fund 1 Investments, LLC is based in Rincon, PR.

Why It Matters

This filing signals a potential shift in investor sentiment or strategy concerning BJ's Restaurants, Inc., which could influence its stock performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor activity or strategic shifts, which carry inherent risks for the company and its shareholders.

Key Players & Entities

• Fund 1 Investments, LLC (company) — Filing entity
• BJ's Restaurants, Inc. (company) — Subject company
• Kenneth Mantel, Esq. (person) — Legal representative
• Olshan Frome Wolosky LLP (company) — Legal firm

FAQ

Key Financial Figures

• $72,983,471 — y the Reporting Person is approximately $72,983,471 (excluding approximately $27,431,950 no
• $27,431,950 — ly $72,983,471 (excluding approximately $27,431,950 notional value of the Cash-Settled Swap

Filing Documents

• sc13da413866007_03152024.htm (SC 13D/A) — 38KB
• 0000921895-24-000667.txt ( ) — 39KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration .

is hereby amended

Item 3 is hereby amended and restated as follows: The Shares purchased by the Reporting Person were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 2,326,476 Shares beneficially owned by the Reporting Person is approximately $72,983,471 (excluding approximately $27,431,950 notional value of the Cash-Settled Swaps (as defined in Item 6 below)), including brokerage commissions.

Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer .

is hereby amended

Item 6 is hereby amended to add the following: In addition to the Shares referenced above, as of the date hereof, the Reporting Person has entered into cash-settled swaps (the “Cash-Settled Swaps”) with an unaffiliated third-party financial institution that references 757,367 Shares (representing economic exposure comparable to approximately 3.2% of the outstanding Shares). The Cash-Settled Swaps can only be settled in cash and do not permit settlement in the form of Shares. The Cash-Settled Swaps does not give the Reporting Person, directly or indirectly, the power to vote or direct the voting or the power to dispose or direct the disposition of the Shares referenced by the Cash-Settled Swaps, nor does it require the counterparty thereto to acquire, hold, vote or dispose of any securities of the Issuer. 3 CUSIP No. 09180C106

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 15, 2024 FUND 1 INVESTENTS, LLC By: /s/ Benjamin C. Cable Name: Benjamin C. Cable Title: Chief Operating Officer 4

View Full Filing

View this SC 13D/A filing on SEC EDGAR