Fund 1 Investments Amends Vera Bradley Stake

TL;DR

Fund 1 Investments updated their Vera Bradley filing on Oct 1. Check for ownership changes.

AI Summary

Fund 1 Investments, LLC has amended its Schedule 13D filing regarding Vera Bradley, Inc. as of October 1, 2024. The filing indicates a change in beneficial ownership of Vera Bradley's common stock. The specific percentage of ownership and any changes are detailed within the full amendment.

Why It Matters

This filing signals a potential shift in the shareholder landscape of Vera Bradley, which could influence the company's strategic direction or stock performance.

Risk Assessment

Risk Level: medium — Amendments to 13D filings often indicate significant changes in a major shareholder's position, 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 to receive notices
• Olshan Frome Wolosky LLP (company) — Legal counsel

FAQ

Key Financial Figures

• $18,244,261 — y the Reporting Person is approximately $18,244,261, including brokerage commissions. Item

Filing Documents

• sc13da513866010_10032024.htm (SC 13D/A) — 47KB
• 0000921895-24-002241.txt ( ) — 48KB

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 2,709,955 Shares beneficially owned by the Reporting Person is approximately $18,244,261, including brokerage commissions.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a)-(c) are hereby amended and restated to read as follows: The aggregate percentage of Shares reported beneficially owned by the Reporting Person is based upon 28,225,770 Shares outstanding as of September 4, 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 September 11, 2024. (a) As of the date hereof, Fund 1 Investments beneficially owned 2,709,955 Shares. Percentage: Approximately 9.6% (b) 1. Sole power to vote or direct vote: 2,709,955 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,709,955 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. 4 are set forth in Schedule A and are incorporated herein by reference.

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 2,762,892 notional Shares, representing approximately 9.8% 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.

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: October 3, 2024 FUND 1 INVESTMENTS, LLC By: /s/ Benjamin C. Cable Name: Benjamin C. Cable Title: Chief Operating Officer SCHEDULE A Transactions in the Securities of the Issuer Since the Filing of Amendment No. 4 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 15,000 5.2966 09/18/2024 Purchase of Common Stock 49,500 5.3238 09/25/2024 Purchase of Common Stock 30,000 5.4309 09/26/2024 Purchase of Common Stock 19,500 5.5227 09/27/2024 Purchase of Common Stock 45,000 5.4622 09/30/2024 Purchase of Common Stock 81,800 5.0626 10/01/2024 Purchase of Common Stock 5,000 5.0754 10/02/2024 Purchase of Common Stock 8,000 4.9561 10/03/2024

View Full Filing

View this SC 13D/A filing on SEC EDGAR