Shay Capital LLC Reports Change in Tilly's (TLYS) Ownership

TL;DR

**Shay Capital LLC filed a Form 4 for Tilly's, signaling an insider transaction.**

AI Summary

This Form 4 filing, submitted on March 24, 2026, by Shay Capital LLC, indicates a change in beneficial ownership of securities in TILLY'S, INC. (Issuer CIK: 0001524025). While the filing itself doesn't detail the specific transaction, a Form 4 is used to report insider trades. This matters to investors because significant buying or selling by an institutional investor like Shay Capital LLC can signal their confidence (or lack thereof) in Tilly's future prospects, potentially influencing the stock price.

Why It Matters

Changes in ownership by large investors like Shay Capital LLC can signal their view on the company's future, potentially impacting investor sentiment and stock performance.

Risk Assessment

Risk Level: medium — The filing indicates a transaction occurred, but without details, the specific impact and risk are unknown, making it a medium risk.

Analyst Insight

An investor should look for the specific details of the transaction (buy or sell, number of shares, price) within the full Form 4 document to understand Shay Capital LLC's recent activity and its potential implications for TILLY'S, INC. stock.

Key Players & Entities

• Shay Capital LLC (company) — Reporting Owner
• TILLY'S, INC. (company) — Issuer
• 0001723643 (person) — CIK for Shay Capital LLC
• 0001524025 (person) — CIK for TILLY'S, INC.
• 2026-03-24 (date) — Filing Date
• 2026-03-20 (date) — Period of Report

FAQ

Filing Documents

• e665286_4-tlys.html (4)
• e665286_4-tlys.xml (4) — 4KB
• 0001193805-26-000338.txt ( ) — 5KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5 X Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Shay Capital LLC (Last) (First) (Middle) 280 PARK AVE, 5TH FLOOR WEST (Street) NEW YORK NEW YORK 10017 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol TILLY'S, INC. [ TLYS ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below) 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/20/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/20/2026 S 20,000 D $ 3.7037 2,315,000 D Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: Remarks: Shay Capital Holdings LLC, the sole manager of Shay Capital LLC, may be deemed to beneficially own the shares of common stock reported herein as being directly beneficially owned by Shay Capital LLC. Other than such shares of common stock, Shay Capital Holdings LLC does not beneficially own any common stock of the Issuer or any derivative securities with respect thereto. /s/ Elan Foxman, Chief Financial Officer 03/24/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 4: SEC 1474 (03-26)

View Full Filing

View this 4 filing on SEC EDGAR