Fund 1 Investments Amends Vera Bradley Stake Filing
Ticker: VRA · Form: SC 13D/A · Filed: Aug 6, 2024 · CIK: 1495320
Sentiment: neutral
Topics: sec-filing, schedule-13d, ownership-change
Related Tickers: VRA
TL;DR
Fund 1 Investments filed an amendment for Vera Bradley (VRA) - ownership update.
AI Summary
Fund 1 Investments, LLC, through an amendment filed on August 6, 2024, has updated its Schedule 13D regarding Vera Bradley, Inc. The filing indicates a change in beneficial ownership, though specific new holdings or percentage changes are not detailed in this excerpt. The filing was made in response to an event requiring disclosure on August 2, 2024.
Why It Matters
This amendment signals a potential shift in the investment landscape for Vera Bradley, Inc., as a significant investor updates its disclosures with the SEC.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant shareholder positions, which can impact stock price and corporate strategy.
Key Players & Entities
- Fund 1 Investments, LLC (company) — Filing entity
- Vera Bradley, Inc. (company) — Subject company
- Kenneth Mantel, Esq. (person) — Authorized to receive notices
- Olshan Frome Wolosky LLP (company) — Legal counsel
FAQ
What specific changes in beneficial ownership are detailed in Amendment No. 2 to the Schedule 13D?
The provided excerpt does not specify the exact changes in beneficial ownership, only that an amendment was filed.
When was the event that triggered this Schedule 13D filing?
The date of the event which requires filing of this statement is August 2, 2024.
Who is the subject company of this filing?
The subject company is Vera Bradley, Inc.
Who is the entity filing the Schedule 13D/A?
The entity filing is Fund 1 Investments, LLC.
What is the CUSIP number for Vera Bradley, Inc. common stock?
The CUSIP number for Vera Bradley, Inc. Common Stock is 92335C106.
Filing Stats: 655 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-08-06 17:05:54
Filing Documents
- sc13da213866010_08062024.htm (SC 13D/A) — 37KB
- 0000921895-24-001698.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 2,047,592 notional Shares, representing approximately 6.9% 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: August 6, 2024 FUND 1 INVESTMENTS, LLC By: /s/ Benjamin C. Cable Name: Benjamin C. Cable Title: Chief Operating Officer 4