SCHEDULE: Vanguard Group Updates Passive Stake in Tilly's Inc.

The Vanguard Group reported a 4.72% beneficial ownership stake in Tilly's Inc., holding 1,078,859 shares of common stock as of June 30, 2025.

Summary

• The Vanguard Group reported beneficial ownership of 1,078,859 shares of Tilly's Inc. common stock.
• This ownership represents 4.72% of the class of securities.
• The event date requiring this filing was June 30, 2025.
• The Vanguard Group holds sole dispositive power over 1,070,948 shares and shared dispositive power over 7,911 shares.
• The Vanguard Group holds no sole or shared voting power over these shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Tilly's Inc.
• The Vanguard Group is classified as an investment adviser (IA) for this filing.

Sentiment

Score: 5

Explanation: The filing is a routine beneficial ownership disclosure, indicating a passive stake by a major institutional investor. It contains no positive or negative operational or financial news for the issuer.

Positives

• A significant stake of 4.72% in Tilly's Inc. is held by The Vanguard Group, a major institutional investor, indicating the company's inclusion in broad market index funds.
• The investment is stated to be for ordinary course of business, not for control, suggesting a stable, passive investment.

Negatives

• The Vanguard Group's beneficial ownership of 4.72% is below the 5% threshold, which means they are no longer required to file a Schedule 13D and are considered a passive investor.

Risks

• The filing itself does not detail specific company risks for Tilly's Inc., as it is a beneficial ownership report from an institutional investor.

Future Outlook

This filing is a beneficial ownership report and does not contain forward-looking statements or guidance regarding Tilly's Inc.'s future performance or The Vanguard Group's investment strategy beyond the passive nature of the holding.

Industry Context

Tilly's Inc. operates in the retail apparel sector. The Vanguard Group's holding is typical for a large asset manager, often reflecting passive investment in companies included in their broad market index funds or ETFs. This type of filing provides transparency on significant institutional ownership within the retail industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's passive stake in the company.

Key Dates

Keywords

Tilly's Inc, Vanguard Group, beneficial ownership, Schedule 13G, common stock, institutional investor, retail, apparel