SCHEDULE 13D/A: Fund 1 Investments Updates Stake in Citi Trends Following Share Count Change
Beneficial Ownership Update
Fund 1 Investments, LLC filed an amended Schedule 13D, updating its beneficial ownership in Citi Trends Inc. to 31.1% due to a change in the issuer's total outstanding shares.
Summary
- Fund 1 Investments, LLC filed Amendment No. 15 to its Schedule 13D regarding its holdings in Citi Trends Inc.
- The amendment was solely triggered by a change in the number of outstanding shares of Citi Trends Inc.
- As of April 10, 2025, Citi Trends Inc. reported 8,277,733 shares outstanding in its Annual Report on Form 10-K filed on April 16, 2025.
- Fund 1 Investments, LLC beneficially owns 2,573,486 shares of Citi Trends Inc.
- This ownership represents approximately 31.1% of the outstanding shares.
- There have been no transactions in the shares of Citi Trends Inc. by Fund 1 Investments, LLC since the filing of Amendment No. 14 to the Schedule 13D.
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing updating beneficial ownership percentage due to a change in outstanding shares, with no positive or negative operational or financial news for the issuer.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of beneficial ownership and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: The update clarifies the precise percentage of ownership held by Fund 1 Investments, LLC, which is important for understanding the ownership structure and potential influence of a significant shareholder.
Key Dates
| Date | Description |
|---|---|
| 04/10/2025 | Date of outstanding shares count reported by Issuer. |
| 04/16/2025 | Date of event requiring filing of this statement; Issuer's Annual Report on Form 10-K filed with SEC. |
| 04/28/2025 | Date of signature for Amendment No. 15 to Schedule 13D. |
Keywords
Citi Trends, Fund 1 Investments, Schedule 13D, beneficial ownership, common stock, SEC filing, share count
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