SCHEDULE 13G: Mitchell Jacobson Discloses 6.4% Passive Stake in 1-800-FLOWERS.COM, Inc.
Beneficial Ownership Statement
Mitchell Jacobson has filed a Schedule 13G, reporting a passive beneficial ownership of 6.4% of 1-800-FLOWERS.COM, Inc.'s Class A Common Stock.
Summary
- Mitchell Jacobson reported beneficial ownership of 2,329,850 shares of 1-800-FLOWERS.COM, Inc. Class A Common Stock.
- This ownership represents 6.4% of the Class A Common Stock outstanding.
- The percentage ownership is based on 36,532,944 shares of Class A Common Stock outstanding as of January 24, 2025, as reported in the Issuer's 10-Q for the period ended December 29, 2024.
- Mr. Jacobson holds sole voting power and sole dispositive power over all 2,329,850 shares.
- The shares were acquired for passive investment purposes and not with the intent of changing or influencing control of the issuer.
Sentiment
Score: 7
Explanation: The filing indicates a significant passive investment by an individual, which can be viewed positively as a vote of confidence, without suggesting any disruptive intent.
Positives
- A significant individual investor, Mitchell Jacobson, has taken a substantial passive stake, which may signal confidence in the company's long-term prospects.
- The filing explicitly states the shares were not acquired for the purpose of changing or influencing control, suggesting stability in corporate governance and no immediate activist pressure.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Intent | The reporting person, Mitchell Jacobson, certified that the securities were not acquired and are not held for the purpose or with the effect of changing or influencing the control of the issuer, indicating a passive investment strategy. | NA | Reinforces current corporate governance structure by confirming no activist intent from this significant shareholder. |
Stakeholder Impact
- Shareholders: May view the significant passive stake by Mitchell Jacobson as a positive signal of confidence in the company.
- Management: Can continue current strategic plans without immediate pressure from this shareholder to change control.
Key Dates
| Date | Description |
|---|---|
| 2024-01-24 | Date as of which 36,532,944 shares of Class A Common Stock outstanding were reported in the Issuer's 10-Q. |
| 2024-12-29 | End date of the period for the Issuer's 10-Q, which reported the shares outstanding. |
| 2025-04-02 | Date of event which required the filing of this statement (ownership threshold crossed). |
| 2025-04-09 | Date the Schedule 13G statement was signed. |
Keywords
1-800-FLOWERS.COM, FLWS, Mitchell Jacobson, Schedule 13G, beneficial ownership, Class A Common Stock, passive investment, SEC filing
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