Daniel R. Tisch Boosts BNED Stake to 2.78M Shares
Ticker: BNED · Form: SC 13G/A · Filed: Jan 4, 2024 · CIK: 1634117
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, shareholder-update, beneficial-ownership
TL;DR
**Tisch now owns 2.78M BNED shares, a big individual stake.**
AI Summary
Daniel R. Tisch, a U.S. citizen, has updated his ownership stake in Barnes & Noble Education, Inc. (BNED) as of December 31, 2023. He now beneficially owns 2,781,993 shares of common stock, representing a significant holding with sole voting power. This matters to investors because a large individual stake can signal confidence in the company's future, but also means a single individual holds substantial voting influence.
Why It Matters
This filing shows a key individual investor, Daniel R. Tisch, maintains a substantial position in Barnes & Noble Education, Inc., which could influence corporate decisions and investor sentiment.
Risk Assessment
Risk Level: low — This filing simply updates an existing ownership stake and does not introduce new significant risks to the company or its investors.
Analyst Insight
Investors should note Daniel R. Tisch's continued substantial ownership in Barnes & Noble Education, Inc. as a potential indicator of long-term confidence, but also consider the implications of a large individual shareholder's influence.
Key Numbers
- 2,781,993 — Shares Beneficially Owned (Represents Daniel R. Tisch's sole voting power in Barnes & Noble Education, Inc. as of December 31, 2023.)
Key Players & Entities
- Daniel R. Tisch (person) — reporting person and beneficial owner
- Barnes & Noble Education, Inc. (company) — the issuer of the securities
- 07 Trade & Services (company) — organization name associated with the subject company
- 2,781,993 (dollar_amount) — number of shares beneficially owned by Daniel R. Tisch
Forward-Looking Statements
- Daniel R. Tisch will maintain a significant ownership stake in Barnes & Noble Education, Inc. for the foreseeable future. (Daniel R. Tisch) — medium confidence, target: 2025-01-01
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person in this SC 13G/A filing is Daniel R. Tisch, as stated under 'NAMES OF REPORTING PERSONS' on the cover page.
What is the name of the issuer whose securities are being reported on?
The name of the issuer is Barnes & Noble Education, Inc., as clearly stated in the 'Name of Issuer' section of the Schedule 13G.
How many shares of common stock does Daniel R. Tisch beneficially own with sole voting power?
Daniel R. Tisch beneficially owns 2,781,993 shares with sole voting power, as indicated in 'NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE VOTING POWER' on the cover page.
What was the 'Date of Event which Requires Filing of this Statement'?
The 'Date of Event which Requires Filing of this Statement' was December 31, 2023, as specified on the cover page of the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(c), as indicated by the checked box on the cover page.
Filing Stats: 880 words · 4 min read · ~3 pages · Grade level 7.4 · Accepted 2024-01-04 08:09:58
Filing Documents
- ef20017963_sc13ga.htm (SC 13G/A) — 48KB
- 0001140361-24-000575.txt ( ) — 49KB
(a)
Item 1(a) Name of Issuer: Barnes & Noble Education, Inc. (the "Issuer")
(b)
Item 1(b) Address of Issuer's Principal Executive Offices: 120 Mountain View Blvd. Basking Ridge, NJ 07920
(a)
Item 2(a) Name of Person Filing: Daniel R. Tisch
(b)
Item 2(b) Address of Principal Business Office or, if none, Residence: 460 Park Avenue New York, N.Y. 10022
(c)
Item 2(c) Citizenship: United States
(d)
Item 2(d) Title of Class of Securities: Common Stock
(e)
Item 2(e) CUSIP Number: 06777U101 Item 3. If this statement is filed pursuant to 240.13d-1(b) or (c), check whether the person filing is a: N/A (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d1(b)(1)(ii)(G); Page 3 of 5 Pages (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a3); (j) A group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4. As of December 31, 2023, Daniel R. Tisch had sole voting power and sole investment power with respect to 2,781,993 shares of Common Stock of the Issuer, including 1,506,993 shares registered in the name of TowerView LLC, 460 Park Avenue, New York, N.Y. 10022, 800,000 shares registered in the name of DT Four Partners II, LLC, 655 Madison Avenue, 11th Floor, New York, N.Y. 10065 and 55,000 shares registered in the name of Damial Foundation, Inc., or 5.2% of the 53,149,504 shares of Common Stock that were outstanding as of December 1, 2023. TowerView LLC and DT Four Partners II, LLC are Delaware limited liability companies the sole manager of which is Daniel R. Tisch. Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five perc