SCHEDULE: Vera Bradley Founders Disclose 10.9% Stake in Latest SEC Filing
Beneficial Ownership Report
Vera Bradley co-founder Patricia R. Miller and P. Michael Miller have jointly disclosed beneficial ownership of 10.9% of the company's common stock.
Summary
- Patricia R. Miller and P. Michael Miller, husband and wife, jointly reported beneficial ownership of 3,042,590 shares of Vera Bradley, Inc. common stock.
- This aggregate amount represents 10.9% of the company's outstanding common stock, based on 27,933,384 shares outstanding as of June 4, 2025.
- The reported shares include 120,779 shares held directly by P. Michael Miller, 421,811 shares held directly by Patricia R. Miller, and 2,500,000 shares held by the Miller 2025 Marital Trust, as of April 4, 2025.
- Patricia R. Miller serves as the trustee of the Miller 2025 Marital Trust.
Sentiment
Score: 5
Explanation: This is a factual disclosure of beneficial ownership, which is neutral in sentiment. It indicates continued significant ownership by the founders.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The filing discloses that 2,500,000 shares are held by the Miller 2025 Marital Trust, for which Patricia R. Miller, one of the reporting persons, serves as trustee. Patricia R. Miller and P. Michael Miller are husband and wife.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant ownership by the company's founders, which can be viewed positively as a sign of long-term commitment.
Key Dates
| Date | Description |
|---|---|
| 2025-04-04 | Date as of which direct and trust share holdings were reported. |
| 2025-05-03 | End of quarter for which the issuer's 10-Q reported outstanding shares. |
| 2025-06-04 | Date as of which 27,933,384 shares of common stock were outstanding, as reported by the issuer. |
| 2025-06-11 | Date the issuer's Quarterly Report on Form 10-Q for the quarter ended May 3, 2025, was filed with the SEC. |
| 2025-06-30 | Date of event which requires filing of this statement. |
| 2025-07-29 | Signature date for P. Michael Miller on the filing. |
| 2025-08-01 | Signature date for Patricia R. Miller on the filing. |
Keywords
Vera Bradley, VRA, beneficial ownership, Schedule 13G, common stock, insider ownership, Patricia R. Miller, P. Michael Miller, Miller 2025 Marital Trust
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