Form 4: Ursa Fund Partners LP Sells 60,000 Shares of Seritage Growth Properties Preferred Stock

Ursa Fund Partners LP, a significant shareholder in Seritage Growth Properties, disposed of 60,000 shares of preferred stock at a price of $23.6772 per share on April 8, 2024.

Summary

• On April 8, 2024, Ursa Fund Partners LP sold 60,000 shares of Seritage Growth Properties preferred stock.
• The sale price was $23.6772 per share.
• Following the transaction, Ursa Fund Partners LP indirectly owns 279,843 shares.
• Andrew Hahn and Russell Douglas, as Managing Members of Ursa Fund Management LLC, which is the General Partner and Investment Manager of Ursa Fund Partners LP, have voting and disposition power over these shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but the sale of shares by a major holder could be interpreted neutrally to slightly negatively depending on the context.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's securities. This filing indicates a change in ownership by a major shareholder, Ursa Fund Partners LP, and is relevant to investors monitoring insider transactions.

Stakeholder Impact

• Shareholders may react to the news of Ursa Fund Partners LP selling a portion of their holdings.
• The impact on the company's stock price will depend on market perception of the transaction.

Key Dates