Wilson Dennis J. Amends Lululemon Stake Filing

TL;DR

Wilson Dennis J. updated their LULU filing, might be buying/selling.

AI Summary

On April 26, 2024, Wilson Dennis J. filed an amendment (Amendment No. 6) to their Schedule 13D for lululemon athletica inc. The filing indicates a change in the reporting person's holdings, though specific details on the nature or extent of the change are not provided in this excerpt. The filing was made by Wilson Dennis J. and involves entities such as ANAMERED INVESTMENTS INC. and FIVE BOYS INVESTMENTS ULC.

Why It Matters

This amendment signals a potential shift in the ownership or control dynamics of lululemon athletica inc., which could influence the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate significant changes in a major shareholder's position, potentially impacting stock price and company strategy.

Key Players & Entities

• Wilson Dennis J. (person) — Reporting Person
• lululemon athletica inc. (company) — Subject Company
• ANAMERED INVESTMENTS INC. (company) — Group Member
• FIVE BOYS INVESTMENTS ULC (company) — Group Member
• LIPO INVESTMENTS (USA), INC. (company) — Group Member
• LOW TIDE PROPERTIES LTD. (company) — Group Member
• SHANNON WILSON (person) — Group Member
• WILSON 5 FOUNDATION (company) — Group Member
• WILSON 5 FOUNDATION MANAGEMENT LTD. (company) — Group Member

FAQ

Key Financial Figures

• $200 million — to which the Borrower may borrow up to $200 million. Upon the occurrence of certain events

Filing Documents

• d825834dsc13da.htm (SC 13D/A) — 140KB
• 0001193125-24-117994.txt ( ) — 141KB

(a) is amended and restated to read in its entirety as follows

Item 5(a) is amended and restated to read in its entirety as follows: (a) Anamered may be deemed to beneficially own 4,755,217 shares of the Issuers common stock, or 3.7%; LIPO may be deemed to beneficially own 3,751,596 shares of the Issuers common stock, or 3.0%; each of Wilson 5 and Wilson 5 Trustee may be deemed to beneficially own 922,500 shares of the Issuers common stock, or 0.7%; Five Boys may be deemed to beneficially own 91,760 shares of the Issuers common stock, or 0.1%; Mrs. Wilson may be deemed to beneficially own 1,191,484 shares of the Issuers common stock, or 0.9%, being 268,984 shares held by Mrs. Wilson and 922,500 shares held by Wilson 5; Low Tide may be deemed to beneficially own 328,292 shares of the Issuers common stock, or 0.3%; and Mr. Wilson may be deemed to beneficially own 10,122,201 shares of the Issuers common stock, or 8.0%, including the shares held by the other Reporting Persons. The foregoing is based on 120,892,132 shares of common stock of the Issuer disclosed by the Issuer as outstanding as of March 15, 2024 and 5,115,961 exchangeable shares of Lulu Canadian Holding, Ind., which exchangeable shares are exchangeable for an equal number of shares of the Issuers common stock, disclosed by the Issuer as outstanding as of March 15, 2024. (b) With respect to Mr. Wilson: Sole power to vote: 3,852 Shared power to vote: 10,118,349 Sole power to dispose: 3,852 Shared power to dispose: 10,118,349 With respect to the shares for which Mr. Wilson has shared voting or dispositive power, (i) 4,755,217 shares are held by Anamered; (ii) 3,751,596 shares are held by LIPO; (iii) 922,500 shares are held by Wilson 5; (iv) 91,760 shares are held by Five Boys; (v) 268,984 shares are held by Mrs. Wilson; and (vi) 328,292 shares are held by Low Tide. With respect to Anamered: Sole power to vote: 0 Shared power to vote: 4,755,217 Sole power to dispose: 0 Shared power to dispose: 4,755,217 Mr. Wilson has shared voting and dispositi

of the Schedule 13D is hereby amended and supplemented as follows

Item 6 of the Schedule 13D is hereby amended and supplemented as follows: On April 25, 2024, LIPO Investments (USA) Inc. (the Borrower) entered into a margin loan agreement with Goldman Sachs & Co. LLC (the Lender) pursuant to which the Borrower may borrow up to $200 million. Upon the occurrence of certain events that are customary for this type of loan, the Lender may exercise its rights to require the Borrower to pre-pay the loan proceeds, post additional collateral, or foreclose on, and dispose of, the shares held as collateral. As of the date of this filing, a total of 1,830,000 shares of lululemon athletica inc. are held in one or more margin accounts subject to a standard margin loan arrangement.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. April 25, 2024 /s/ Dennis J. Wilson Dennis J. Wilson, Individually ANAMERED INVESTMENTS INC. By: /s/ Dennis J. Wilson Name: Dennis J. Wilson Title: Director LIPO INVESTMENTS (USA) INC. By: /s/ Dennis J. Wilson Name: Dennis J. Wilson Title: Director WILSON 5 FOUNDATION By: Wilson 5 Foundation Management Ltd. Title: Corporate Trustee By: /s/ Dennis J. Wilson Name: Dennis J. Wilson Title: Director of Corporate Trustee WILSON 5 FOUNDATION MANAGEMENT LTD. By: /s/ Dennis J. Wilson Name: Dennis J. Wilson Title: Director FIVE BOYS INVESTMENTS ULC By: /s/ Dennis J. Wilson Name: Dennis J. Wilson Title: Director LOW TIDE PROPERTIES LTD. By: /s/ Dennis J. Wilson Name: Dennis J. Wilson Title: Director /s/ Shannon Wilson Shannon Wilson, Individually

View Full Filing

View this SC 13D/A filing on SEC EDGAR