Fund 1 Investments Amends Tilly's Stake, Updates 13G to 13D/A

TL;DR

**Major investor Fund 1 Investments just updated their Tilly's stake, signaling continued involvement.**

AI Summary

Fund 1 Investments, LLC, a significant shareholder in Tilly's, Inc., filed an Amendment No. 6 to its Schedule 13D on January 11, 2024, indicating a change in its beneficial ownership. This amendment updates previous disclosures, specifically noting that the filing person had previously filed a Schedule 13G, which is now being updated to a 13D/A. This matters to investors because it signals that Fund 1 Investments, LLC continues to hold a substantial stake in Tilly's, Inc., and any future changes in their holdings or intentions could significantly impact the stock price and corporate governance.

Why It Matters

This filing confirms a major investor's continued significant ownership in Tilly's, Inc., which can influence strategic decisions and market perception of the stock.

Risk Assessment

Risk Level: low — This is an informational update from an existing major shareholder, not indicating any immediate negative action or significant change in control.

Analyst Insight

Investors should note that a significant shareholder, Fund 1 Investments, LLC, is maintaining its reporting on Tilly's, Inc. and should monitor future amendments for any changes in their ownership percentage or stated intentions, as these could signal strategic shifts or potential activist involvement.

Key Players & Entities

• Fund 1 Investments, LLC (company) — the reporting person and significant shareholder of Tilly's, Inc.
• Tilly's, Inc. (company) — the subject company whose Class A Common Stock is being reported on
• January 9, 2024 (date) — the date of the event requiring the filing of this statement
• January 11, 2024 (date) — the filing date of this Amendment No. 6

FAQ

Key Financial Figures

• $7.6104 — en market purchase 12/12/2023 25,000 $7.6104 Open market purchase 12/13/2023 27,5
• $7.5794 — en market purchase 12/13/2023 27,500 $7.5794 Open market purchase 12/14/2023 5,00
• $7.4075 — pen market purchase 12/14/2023 5,000 $7.4075 Open market purchase 12/14/2023 25,0
• $7.3513 — en market purchase 12/14/2023 25,000 $7.3513 Open market purchase 12/29/2023 10,0
• $7.5341 — en market purchase 12/29/2023 10,000 $7.5341 Open market purchase 01/02/2024 6,00
• $7.5242 — pen market purchase 01/02/2024 6,000 $7.5242 Open market purchase 01/03/2024 11,0
• $7.2913 — en market purchase 01/03/2024 11,000 $7.2913 Open market purchase 01/05/2024 26,0
• $7.3345 — en market purchase 01/05/2024 26,000 $7.3345 Open market purchase 01/08/2024 30,3
• $7.1852 — en market purchase 01/08/2024 30,302 $7.1852 Open market purchase 01/09/2024 54,0
• $7.1385 — en market purchase 01/09/2024 54,000 $7.1385 Open market purchase 01/09/2024 20,0
• $7.1142 — en market purchase 01/09/2024 20,000 $7.1142 Open market purchase 01/10/2024 13,9
• $7.2389 — en market purchase 01/10/2024 13,900 $7.2389 Open market purchase 01/11/2024 21,0
• $7.2894 — en market purchase 01/11/2024 21,000 $7.2894 SIGNATURE After reasonable inquiry an

Filing Documents

• sc13da.htm (SC 13D/A) — 37KB
• 0000929638-24-000086.txt ( ) — 38KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer (a) and (b) See Items 7-13 of the cover page. The percentage calculations herein are based upon the statement in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended October 28, 2023, as filed with the Securities and Exchange Commission on December 1, 2023, that there were 22,667,615 shares of Class A Common Stock of the Issuer outstanding as of November 29, 2023. (c) The following table lists transactions in the Class A Common Stock that were effected during the sixty day period prior to the filing of this Schedule 13D and have not already been reported in the Schedule 13D: Transaction Date No. Shares Price Per Share Open market purchase 12/12/2023 25,000 $7.6104 Open market purchase 12/13/2023 27,500 $7.5794 Open market purchase 12/14/2023 5,000 $7.4075 Open market purchase 12/14/2023 25,000 $7.3513 Open market purchase 12/29/2023 10,000 $7.5341 Open market purchase 01/02/2024 6,000 $7.5242 Open market purchase 01/03/2024 11,000 $7.2913 Open market purchase 01/05/2024 26,000 $7.3345 Open market purchase 01/08/2024 30,302 $7.1852 Open market purchase 01/09/2024 54,000 $7.1385 Open market purchase 01/09/2024 20,000 $7.1142 Open market purchase 01/10/2024 13,900 $7.2389 Open market purchase 01/11/2024 21,000 $7.2894 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: January 11, 2024 FUND 1 INVESTMENTS, LLC By: /s/ Benjamin C. Cable Benjamin C. Cable Chief Operating Officer

View Full Filing

View this SC 13D/A filing on SEC EDGAR