SCHEDULE: Fund 1 Investments Adjusts Tilly's Stake to 34.8%
Beneficial Ownership Update
Fund 1 Investments, LLC reported an updated beneficial ownership of 34.8% in Tilly's, Inc. Class A Common Stock, following a pro rata distribution of shares.
Summary
- Fund 1 Investments, LLC beneficially owns 8,058,268 shares of Tilly's, Inc. Class A Common Stock.
- This ownership represents approximately 34.8% of the 23,167,562 outstanding shares as of September 2, 2025.
- The aggregate purchase price for the beneficially owned shares was approximately $66,541,551, funded by working capital, which may include margin loans.
- On October 3, 2025, Fund 1 Investments distributed 116,611 shares to certain unaffiliated limited partners on a pro rata basis for no consideration.
Sentiment
Score: 5
Explanation: The filing is a neutral, routine disclosure of a change in beneficial ownership by an investment entity, not reflecting positively or negatively on the issuer's operational or financial performance.
Industry Context
This filing is a routine disclosure of beneficial ownership changes by a significant investor and does not provide insights into broader industry trends or competitive landscape for Tilly's, Inc.
Stakeholder Impact
- Shareholders will note a slight reduction in the percentage ownership held by Fund 1 Investments, LLC due to the pro rata distribution, which is a routine internal event for the reporting person and not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 2025-09-02 | Date for total shares outstanding (23,167,562) as reported in the Issuer's Quarterly Report on Form 10-Q. |
| 2025-09-04 | Date the Issuer's Quarterly Report on Form 10-Q was filed with the SEC. |
| 2025-10-03 | Date of event requiring the filing: distribution of 116,611 shares to unaffiliated limited partners. |
| 2025-10-08 | Date the Schedule 13D Amendment No. 17 was signed by Fund 1 Investments, LLC. |
Keywords
Tilly's, TLYS, Fund 1 Investments, Beneficial Ownership, Schedule 13D, Common Stock, Retail
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