Fund 1 Investments Shifts to Active Stake in Tilly's, Inc.
Ticker: TLYS · Form: SC 13D/A · Filed: Feb 2, 2024 · CIK: 1524025
| Field | Detail |
|---|---|
| Company | Tilly'S, Inc. (TLYS) |
| Form Type | SC 13D/A |
| Filed Date | Feb 2, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $7.3866, $7.3998, $7.4137, $7.4423, $7.5674 |
| Sentiment | mixed |
Complexity: simple
Sentiment: mixed
Topics: insider-activity, shareholder-activism, ownership-change
TL;DR
**Fund 1 Investments just signaled a more active role in Tilly's, Inc. by filing a 13D/A, watch for potential shake-ups!**
AI Summary
Fund 1 Investments, LLC filed an Amendment No. 7 to its Schedule 13D on February 1, 2024, indicating a change in its beneficial ownership of Tilly's, Inc. Class A Common Stock. This amendment signals that Fund 1 Investments, LLC previously filed a Schedule 13G, which is typically used by passive investors, and is now filing a 13D, often associated with more active or influential ownership. This matters to investors because a shift from a 13G to a 13D filing can suggest the investor is taking a more active role, potentially seeking to influence management or corporate strategy, which could impact the stock's future direction.
Why It Matters
This filing indicates Fund 1 Investments, LLC is moving from a passive to a potentially active role in Tilly's, Inc., which could lead to strategic changes or shareholder activism, impacting the company's stock performance.
Risk Assessment
Risk Level: medium — The shift from a 13G to a 13D filing introduces uncertainty regarding Fund 1 Investments, LLC's intentions, which could lead to either positive or negative outcomes for Tilly's, Inc. shareholders.
Analyst Insight
Investors should monitor future filings and news regarding Fund 1 Investments, LLC's intentions with Tilly's, Inc., as a more active stake could lead to strategic shifts or potential M&A activity. Reviewing the full 13D filing when available will provide more details on their plans.
Key Players & Entities
- Fund 1 Investments, LLC (company) — the reporting person filing the SC 13D/A
- Tilly's, Inc. (company) — the subject company whose Class A Common Stock is being reported
- February 1, 2024 (date) — the date of the event requiring the filing of this statement
- Class A Common Stock (other) — the title of the class of securities being reported
- 886885102 (other) — the CUSIP Number for Tilly's, Inc. Class A Common Stock
FAQ
What is the purpose of this specific SC 13D/A filing by Fund 1 Investments, LLC?
This SC 13D/A is Amendment No. 7 to a Schedule 13D, and it indicates that Fund 1 Investments, LLC previously filed a Schedule 13G and is now filing this Schedule 13D because of a change requiring it, as per sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) of the Securities Exchange Act of 1934.
Who is the subject company of this SC 13D/A filing?
The subject company of this SC 13D/A filing is Tilly's, Inc., identified by CIK 0001524025 and CUSIP Number 886885102 for its Class A Common Stock.
When was the event that required the filing of this statement?
The date of the event which required the filing of this statement was February 1, 2024.
What type of securities are involved in this filing?
The securities involved in this filing are Class A Common Stock of Tilly's, Inc.
Where is Fund 1 Investments, LLC's business address?
Fund 1 Investments, LLC's business address is 100 CARR 115, Unit 1900, Rincon, PR 00677.
Filing Stats: 783 words · 3 min read · ~3 pages · Grade level 8.8 · Accepted 2024-02-02 17:20:42
Key Financial Figures
- $7.3866 — en market purchase 01/12/2024 15,500 $7.3866 Open market purchase 01/17/2024 24,0
- $7.3998 — en market purchase 01/17/2024 24,000 $7.3998 Open market purchase 01/18/2024 9,00
- $7.4137 — pen market purchase 01/18/2024 9,000 $7.4137 Open market purchase 01/19/2024 24,5
- $7.4423 — en market purchase 01/19/2024 24,500 $7.4423 Open market purchase 01/22/2024 3,00
- $7.5674 — pen market purchase 01/22/2024 3,000 $7.5674 Open market purchase 01/23/2024 10,5
- $7.5726 — en market purchase 01/23/2024 10,500 $7.5726 Open market purchase 01/24/2024 16,0
- $7.5106 — en market purchase 01/24/2024 16,000 $7.5106 Open market purchase 01/26/2024 20,0
- $7.5026 — en market purchase 01/26/2024 20,000 $7.5026 Open market purchase 01/29/2024 18,0
- $7.4228 — en market purchase 01/29/2024 18,000 $7.4228 Open market purchase 01/30/2024 20,0
- $7.4571 — en market purchase 01/30/2024 20,000 $7.4571 Open market purchase 01/31/2024 30,6
- $7.3449 — en market purchase 01/31/2024 30,650 $7.3449 Open market purchase 02/01/2024 41,5
- $7.4322 — en market purchase 02/01/2024 41,500 $7.4322 Open market purchase 02/02/2024 52,0
- $7.5175 — en market purchase 02/02/2024 52,000 $7.5175 Open market purchase 02/02/2024 4,77
- $7.4873 — pen market purchase 02/02/2024 4,778 $7.4873 SIGNATURE After reasonable inquiry an
Filing Documents
- sc13da.htm (SC 13D/A) — 42KB
- 0000929638-24-000361.txt ( ) — 43KB
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 01/12/2024 15,500 $7.3866 Open market purchase 01/17/2024 24,000 $7.3998 Open market purchase 01/18/2024 9,000 $7.4137 Open market purchase 01/19/2024 24,500 $7.4423 Open market purchase 01/22/2024 3,000 $7.5674 Open market purchase 01/23/2024 10,500 $7.5726 Open market purchase 01/24/2024 16,000 $7.5106 Open market purchase 01/26/2024 20,000 $7.5026 Open market purchase 01/29/2024 18,000 $7.4228 Open market purchase 01/30/2024 20,000 $7.4571 Open market purchase 01/31/2024 30,650 $7.3449 Open market purchase 02/01/2024 41,500 $7.4322 Open market purchase 02/02/2024 52,000 $7.5175 Open market purchase 02/02/2024 4,778 $7.4873 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 2, 2024 FUND 1 INVESTMENTS, LLC By: /s/ Benjamin C. Cable Benjamin C. Cable Chief Operating Officer