SCHEDULE 13G/A: Major Shareholder Reduces Stake in Seritage Growth Properties Below 5% Threshold
Beneficial Ownership Disclosure
Par Sanda and Sand Capital Associates, LLC have reported a reduction in their beneficial ownership of Seritage Growth Properties' Class A common shares, falling below the 5% reporting threshold as of December 31, 2024.
Summary
- Par Sanda and Sand Capital Associates, LLC, collectively referred to as the Reporting Persons, have filed an Amendment No. 2 to their Schedule 13G.
- As of December 31, 2024, Par Sanda beneficially owned 2,575,271 Class A common shares of Seritage Growth Properties, representing 4.58% of the class.
- As of the same date, Sand Capital Associates, LLC beneficially owned 2,322,202 Class A common shares, representing 4.13% of the class.
- Both Par Sanda and Sand Capital Associates, LLC have ceased to be beneficial owners of more than five percent of Seritage Growth Properties' Class A common shares.
- The percentages of ownership are based on the total number of Class A common shares outstanding as reported in Seritage Growth Properties' Form 10-Q filed on November 12, 2024.
Sentiment
Score: 5
Explanation: The document is a factual report of a change in beneficial ownership, providing no explicit positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a routine disclosure of a change in beneficial ownership by a significant shareholder, specific to Seritage Growth Properties. It does not provide information on broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders may note the reduction in stake by a previously significant holder, which could be interpreted in various ways depending on market sentiment and the perceived reasons for the reduction (though none are stated in the filing).
Key Dates
| Date | Description |
|---|---|
| 2024-11-12 | Date of Seritage Growth Properties' Form 10-Q filing, which reported the total number of Class A common shares outstanding used for ownership percentage calculation. |
| 2024-12-31 | Date of event which required the filing of this Schedule 13G Amendment, marking the point when beneficial ownership fell below 5%. |
| 2025-02-12 | Date the Schedule 13G Amendment No. 2 was signed and filed. |
Keywords
Seritage Growth Properties, Schedule 13G, Beneficial Ownership, Shareholding, SEC Filing, Class A Common Shares, Par Sanda, Sand Capital Associates LLC
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