Fund 1 Investments Amends Vera Bradley Stake
Ticker: VRA · Form: SC 13D/A · Filed: Jul 11, 2024 · CIK: 1495320
Sentiment: neutral
Topics: activist-investor, ownership-change, sec-filing
Related Tickers: VRA
TL;DR
Fund 1 Investments updated their Vera Bradley filing. Watch this space.
AI Summary
Fund 1 Investments, LLC, through its representative Kenneth Mantel, has filed Amendment No. 1 to its Schedule 13D regarding Vera Bradley, Inc. The filing, dated July 1, 2024, indicates a change in beneficial ownership of Vera Bradley's common stock. The specific details of the change in ownership percentage or number of shares are not fully detailed in this excerpt.
Why It Matters
This amendment signals a potential shift in significant ownership of Vera Bradley, which could influence the company's stock price and strategic direction.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in activist investor positions, which can lead to increased volatility.
Key Players & Entities
- Fund 1 Investments, LLC (company) — Filing entity
- Vera Bradley, Inc. (company) — Subject company
- Kenneth Mantel, Esq. (person) — Authorized representative
- Olshan Frome Wolosky LLP (company) — Legal counsel
FAQ
What specific change in beneficial ownership is reported in this Amendment No. 1?
The provided excerpt states that Amendment No. 1 to the Schedule 13D has been filed, indicating a change in beneficial ownership, but does not specify the exact percentage or number of shares.
Who is the filing entity for this Schedule 13D/A?
The filing entity is Fund 1 Investments, LLC.
What is the subject company of this filing?
The subject company is Vera Bradley, Inc.
When was the event requiring this filing amendment?
The date of the event which requires filing of this statement is July 1, 2024.
Who is authorized to receive notices and communications for this filing?
Kenneth Mantel, Esq. of Olshan Frome Wolosky LLP is authorized to receive notices and communications.
Filing Stats: 655 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-07-11 16:38:11
Filing Documents
- sc13da113866010_07112024.htm (SC 13D/A) — 37KB
- 0000921895-24-001554.txt ( ) — 38KB
Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer .
is hereby amended
Item 6 is hereby amended and restated to read as follows: The Reporting Person has entered into certain cash-settled swap agreements with an unaffiliated third-party financial institution (the “Cash-Settled Swaps”). Collectively, the Cash-Settled Swaps held by the Reporting Person represent economic exposure to an aggregate of 1,654,642 notional Shares, representing approximately 5.6% of the outstanding Shares. The Cash-Settled Swaps provide the Reporting person with economic results that are comparable to the economic results of ownership, but do not provide it with the power to vote or direct the voting, or dispose of or direct the disposition, of the Shares that are subject to the Cash-Settled Swaps. Other than as described herein, there are no contracts, arrangements, understandings or relationships between the Reporting Person and any other person, with respect to the securities of the Issuer. 3 CUSIP No. 92335C106
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: July 11, 2024 FUND 1 INVESTMENTS, LLC By: /s/ Benjamin C. Cable Name: Benjamin C. Cable Title: Chief Operating Officer 4