SCHEDULE 13G: Union Square Park Entities Disclose 5.45% Stake in Sportsman's Warehouse Holdings

Union Square Park Partners, along with affiliated entities and Leon Zaltzman, have disclosed a collective beneficial ownership of 5.45% in Sportsman's Warehouse Holdings, Inc. common stock.

Summary

• Union Square Park Partners, LP, Union Square Park Capital Management, LLC, Union Square Park GP, LLC, and Leon Zaltzman have filed a Schedule 13G, indicating beneficial ownership in Sportsman's Warehouse Holdings, Inc.
• The filing reports an aggregate beneficial ownership of 2,076,878 shares of Common Stock, par value $0.01 per share, representing 5.45% of the class.
• Union Square Park Partners, LP, Union Square Park Capital Management, LLC, and Union Square Park GP, LLC each report shared voting and dispositive power over 2,072,500 shares, equating to 5.44% of the class.
• Leon Zaltzman reports sole voting and dispositive power over 4,378 shares, and shared voting and dispositive power over 2,072,500 shares, totaling 2,076,878 shares or 5.45% of the class.
• The filing was made under Rule 13d-1(b), indicating that the securities were acquired in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, except for activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook. It is a neutral regulatory filing.

Future Outlook

NA

Management Comments

• The reporting persons certify that, to the best of their knowledge and belief, the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing indicates a significant passive investment by an institutional group in Sportsman's Warehouse Holdings, a retailer in the outdoor recreation and sporting goods industry. Such disclosures are common and reflect investor interest in companies within specific sectors.

Stakeholder Impact

• Shareholders: The disclosure of a new significant institutional investor may be viewed positively, indicating external confidence in the company, though the filing states the investment is passive.

Next Steps

• The reporting persons will be responsible for timely filing of subsequent amendments to this Schedule 13G if their beneficial ownership changes significantly.

Key Dates

Keywords

Sportsman's Warehouse Holdings, Union Square Park Partners, Schedule 13G, beneficial ownership, common stock, investment, institutional investor, retail, outdoor recreation