Form 4: Fund 1 Investments, LLC Increases Stake in Tile Shop Holdings, Inc. (TTSH)

Fund 1 Investments, LLC, along with related entities, has increased its indirect ownership in Tile Shop Holdings, Inc. through a series of open market purchases.

Summary

• Fund 1 Investments, LLC, Pleasant Lake Partners LLC, and Pleasant Lake Onshore Feeder Fund LP have reported changes in their beneficial ownership of Tile Shop Holdings, Inc. (TTSH) common stock.
• Between August 27, 2024, and August 30, 2024, these entities purchased a total of 70,000 shares of TTSH common stock in the open market.
• The purchases were made at prices ranging from $6.05 to $6.21 per share.
• Following these transactions, the reporting entities indirectly own a total of 7,687,527 shares of TTSH common stock held for the benefit of Pleasant Lake Onshore Feeder Fund, LP and an additional private investment vehicle.
• Additionally, 1,002,207 shares are held for the account of an unaffiliated private fund for which Pleasant Lake Partners LLC serves as investment adviser.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. Increased ownership by a significant shareholder is generally viewed as a positive sign, but the filing itself is a routine disclosure.

Positives

• Increased investment by Fund 1 Investments, LLC could signal confidence in the future prospects of Tile Shop Holdings, Inc.

Industry Context

Form 4 filings are routine disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates increased ownership by Fund 1 Investments, LLC, which could be interpreted as a positive signal.

Stakeholder Impact

• The increased stake by Fund 1 Investments, LLC could be viewed positively by shareholders.

Key Dates