Lampert Amends Seritage Growth Properties Stake

TL;DR

**Lampert just updated his Seritage Growth Properties stake, watch for potential shifts.**

AI Summary

Edward S. Lampert filed an Amendment No. 21 to Schedule 13D on February 26, 2024, regarding his beneficial ownership in Seritage Growth Properties. The filing indicates a change in ownership that triggered the amendment, with the date of the event being February 22, 2024. The filing concerns Class A common shares of beneficial interest, par value $0.01 per share, of Seritage Growth Properties.

Why It Matters

This amendment signals a change in a significant investor's position, which could influence market perception and future strategic decisions for Seritage Growth Properties.

Risk Assessment

Risk Level: medium — Changes in significant insider holdings can introduce uncertainty or signal future strategic moves, impacting stock volatility.

Key Players & Entities

• Edward S. Lampert (person) — Filing Person
• Seritage Growth Properties (company) — Subject Company
• Bruce Newsome, Esq. (person) — Authorized to Receive Notices
• Haynes and Boone, LLP (company) — Legal Counsel
• $0.01 (dollar_amount) — Par value per share

FAQ

Key Financial Figures

• $0.01 — hares of beneficial interest, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• d769521dsc13da.htm (SC 13D/A) — 41KB
• 0001193125-24-046630.txt ( ) — 43KB

is hereby amended and restated in its entirety as follows

Item 5 is hereby amended and restated in its entirety as follows: (a)-(b) The Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that the Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this Schedule 13D. As of February 26, 2024, the Reporting Person may be deemed to beneficially own the common shares of beneficial interest of the Issuer set forth in the table below. REPORTING PERSON NUMBER OF SHARES BENEFICIALLY OWNED PERCENTAGE OF OUTSTANDING SHARES SOLE VOTING POWER SHARED VOTING POWER SOLE DISPOSITIVE POWER SHARED DISPOSITIVE POWER Edward S. Lampert 13,536,958 (1) 24.1 %(2) 13,536,958 (1) 0 13,536,958 (1) 0 (1) This number includes 13,529,974 Class A Shares held by Mr. Lampert as well as 3,492 Class A Shares held by The Nicholas Trust and 3,492 Class A Shares held by The Nina Trust. (2) Based upon 56,185,420 Class A Shares outstanding as of November 3, 2023, as disclosed in the Issuers Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, filed with the SEC on November 8, 2023. (c) Other than as set forth on Annex B hereto, there have been no transactions in the class of securities reported on that were effected by the Reporting Person during the past sixty days or since the most recent filing of Schedule 13D, whichever is less. (d) Not applicable. (e) Not applicable. SIGNATURE 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. Date: February 26, 2024 EDWARD S. LAMPERT By: /s/ Edward S. Lampert ANNEX B RECENT TRANSACTIONS BY THE REPORTING PERSON IN THE SECURITIES OF SERITAGE GROWTH PROPERTIES Entity Date of Transaction Description of Transaction Class A Shares Disposed Price Per Cla

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View this SC 13D/A filing on SEC EDGAR