Fund 1 Investments Amends Tilly's Stake Filing
Ticker: TLYS · Form: SC 13D/A · Filed: Jul 3, 2024 · CIK: 1524025
| Field | Detail |
|---|---|
| Company | Tilly'S, Inc. (TLYS) |
| Form Type | SC 13D/A |
| Filed Date | Jul 3, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $67,112,889, $5.1386, $5.8682, $5.7634, $5.5439 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, amendment, shareholder-activity
Related Tickers: TLYS
TL;DR
Fund 1 Investments updated their Tilly's filing on 7/1/24. Big shareholder activity.
AI Summary
Fund 1 Investments, LLC has amended its Schedule 13D filing for Tilly's, Inc. on July 1, 2024. This amendment indicates a change in the reporting person's beneficial ownership of Tilly's Class A Common Stock. The filing does not specify the exact percentage or number of shares held, but it signifies an update to their previous filings.
Why It Matters
This filing signals a potential shift in significant shareholder interest or strategy regarding Tilly's, Inc., which could influence stock price and corporate decisions.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant shareholder positions, which can lead to increased volatility and uncertainty.
Key Players & Entities
- Fund 1 Investments, LLC (company) — Reporting Person
- Tilly's, Inc. (company) — Issuer
- July 1, 2024 (date) — Date of Event
FAQ
What specific change in beneficial ownership is being reported by Fund 1 Investments, LLC?
The filing is an amendment to Schedule 13D and indicates a change in reporting person's beneficial ownership, but the specific details of the change (e.g., number of shares, percentage) are not provided in the excerpt.
What is the CUSIP number for Tilly's, Inc. Class A Common Stock?
The CUSIP number for Tilly's, Inc. Class A Common Stock is 886885102.
When was this amendment filed?
This amendment (Amendment No. 10) was filed on July 3, 2024, with the date of the event requiring the filing being July 1, 2024.
What is the business address of Tilly's, Inc.?
The business address of Tilly's, Inc. is 10 Whatney, Irvine, CA 92618.
What is the IRS number for Fund 1 Investments, LLC?
The IRS number for Fund 1 Investments, LLC is 000000000, as indicated in the filing.
Filing Stats: 839 words · 3 min read · ~3 pages · Grade level 10 · Accepted 2024-07-03 15:14:05
Key Financial Figures
- $67,112,889 — y the Reporting Person is approximately $67,112,889.76, including brokerage commissions. I
- $5.1386 — n market purchase 06/27/2024 100,000 $5.1386 Open market purchase 06/28/2024 64,6
- $5.8682 — en market purchase 06/28/2024 64,610 $5.8682 Open market purchase 06/28/2024 8,62
- $5.7634 — pen market purchase 06/28/2024 8,625 $5.7634 Open market purchase 07/01/2024 126,
- $5.5439 — n market purchase 07/01/2024 126,324 $5.5439 Open market purchase 07/02/2024 56,
- $5.4756 — n market purchase 07/02/2024 56,381 $5.4756 Open market purchase 07/03/2024 60,
- $5.6448 — n market purchase 07/03/2024 60,294 $5.6448 SIGNATURE After reasonable inquiry an
Filing Documents
- sc13da.htm (SC 13D/A) — 27KB
- 0000929638-24-002405.txt ( ) — 29KB
Source And Amount of Funds or Other Consideration
Item 3. Source And Amount of Funds or Other Consideration
is hereby amended and restated as follows
Item 3 is hereby amended and restated as follows: The Class A Common Stock of the Issuer purchased by the Reporting Person were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 8,094,379 shares of Class A Common Stock beneficially owned by the Reporting Person is approximately $67,112,889.76, including brokerage commissions.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer Items 5(a) through (c) are hereby amended and restated as follows: (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 May 4, 2024, as filed with the Securities and Exchange Commission on June 7, 2024, that there were 22,775,615 shares of Class A Common Stock of the Issuer outstanding as of June 5, 2024. (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 06/27/2024 100,000 $5.1386 Open market purchase 06/28/2024 64,610 $5.8682 Open market purchase 06/28/2024 8,625 $5.7634 Open market purchase 07/01/2024 126,324 $5.5439 Open market purchase 07/02/2024 56,381 $5.4756 Open market purchase 07/03/2024 60,294 $5.6448 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: July 3, 2024 FUND 1 INVESTMENTS, LLC By: /s/ Benjamin C. Cable Benjamin C. Cable Chief Operating Officer