SCHEDULE 13G/A: Fund 1 Investments Boosts 1-800-FLOWERS Stake to 26.11%

Fund 1 Investments, LLC has increased its beneficial ownership in 1-800-FLOWERS.COM, Inc. Class A Common Stock to 26.11%, holding 9,527,250 shares.

Summary

• Fund 1 Investments, LLC reported beneficial ownership of 9,527,250 shares of 1-800-FLOWERS.COM, Inc. Class A Common Stock.
• This represents 26.11% of the Class A Common Stock outstanding.
• The percentage is calculated based on 36,495,311 shares outstanding as of May 2, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q.
• Fund 1 Investments, LLC holds shared voting power and shared dispositive power over all 9,527,250 shares.
• The shares are held for the benefit of private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser, with Fund 1 Investments, LLC serving as managing member of Pleasant Lake Partners LLC.
• This filing is Amendment No. 5 to a previous Schedule 13G statement.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain performance metrics or forward-looking statements from the issuer that would indicate a positive or negative sentiment.

Positives

• Significant institutional investment by Fund 1 Investments, LLC, holding over a quarter (26.11%) of the Class A Common Stock.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control, suggesting a long-term investment perspective.

Risks

• The reporting person, Fund 1 Investments, LLC, along with Pleasant Lake Partners LLC and Jonathan Lennon, disclaims beneficial ownership of the reported shares except to the extent of their pecuniary interest therein.
• While the filing states the shares are not held for the purpose of changing or influencing control, a large stake could still be perceived as a potential influence point in the future.

Future Outlook

NA

Management Comments

• Shares reported herein for Fund 1 Investments, LLC are held for the benefit of private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser.
• Each of Fund 1 Investments, LLC, Pleasant Lake Partners LLC and Mr. Lennon disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing reflects a significant institutional investor's continued or increased confidence in 1-800-FLOWERS.COM, Inc., a prominent player in the e-commerce and gifting industry. Large stakes by investment firms can signal perceived value or strategic interest within the sector.

Stakeholder Impact

• Shareholders: Increased institutional ownership may be viewed positively, potentially signaling confidence in the company's long-term prospects.
• Management: A significant institutional stake could lead to increased scrutiny or engagement from the investor, even if not for control purposes.

Key Dates

Keywords

1-800-FLOWERS.COM Inc., FLWS, Fund 1 Investments LLC, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, Equity Stake, Pleasant Lake Partners LLC