Fund 1 Investments Amends Vera Bradley Stake Filing

TL;DR

Fund 1 Investments updated its Vera Bradley filing on 9/4, indicating a change in ownership as of 8/30.

AI Summary

Fund 1 Investments, LLC, through an amendment filed on September 4, 2024, has updated its Schedule 13D regarding Vera Bradley, Inc. The filing indicates a change in beneficial ownership, with the fund now holding a significant stake in the company. The specific date of the event requiring this filing was August 30, 2024.

Why It Matters

This amendment signals a potential shift in the shareholder landscape of Vera Bradley, Inc., which could influence the company's strategic direction or market valuation.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor interest or a shift in control, which may lead to increased volatility.

Key Numbers

• 20240904 — Filing Date (Date of the amendment filing)
• 20240830 — Event Date (Date of the event requiring the filing)

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

Key Financial Figures

• $19,794,486 — y the Reporting Person is approximately $19,794,486, including brokerage commissions. Item

Filing Documents

• sc13da313866010_09042024.htm (SC 13D/A) — 44KB
• 0000921895-24-002089.txt ( ) — 46KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration .

is hereby amended

Item 3 is hereby amended and restated to read as follows: The Shares beneficially owned by the Reporting Person were purchased with working capital of the Funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases. The aggregate purchase price of the 2,856,155 Shares beneficially owned by the Reporting Person is approximately $19,794,486, including brokerage commissions.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer .

is hereby amended

Item 5 is hereby amended and restated to read as follows: The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based upon 29,487,786 Shares outstanding as of June 5, 2024, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on June 12, 2024. (a) As of the date hereof, Fund 1 Investments beneficially owned 2,856,155 Shares. Percentage: Approximately 9.7% (b) 1. Sole power to vote or direct vote: 2,856,155 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,856,155 4. Shared power to dispose or direct the disposition: 0 (c) The transactions in the Shares by Fund 1 Investments on behalf of the Funds since the filing of Amendment No. 2 are set forth in Schedule A and are incorporated herein by reference. (d) The Funds have the right to receive, or the power to direct the receipt of dividends from, or the proceeds from the sale of, the reported securities. (e) Not applicable.

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 2,415,692 notional Shares, representing approximately 8.2% 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: September 4, 2024 FUND 1 INVESTMENTS, LLC By: /s/ Benjamin C. Cable Name: Benjamin C. Cable Title: Chief Operating Officer 4 CUSIP No. 92335C106 SCHEDULE A Transactions in the Securities of the Issuer Since the Filing of Amendment No. 2 Nature of the Transaction Amount of Securities Purchased/(Sold) Price ($) Date of Purchase/Sale FUND 1 INVESTMENTS, LLC (On Behalf of the Funds) Purchase of Common Stock 2,800 6.0364 08/23/2024 Sale of Common Stock (22,500) 6.0686 08/23/2024

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View this SC 13D/A filing on SEC EDGAR