Form 4: SCSF Cardinal LLC Sells 1,773,193 Shares of Vince Holding Corp. (VNCE) at $2.33 per Share

SCSF Cardinal LLC, along with affiliated entities, reports the sale of 1,773,193 shares of Vince Holding Corp. common stock to P180 Vince Acquisition Co. at a price of $2.33 per share.

Summary

• SCSF Cardinal, LLC sold 1,773,193 shares of Vince Holding Corp. (VNCE) common stock on January 22, 2025.
• The sale was executed at a price of $2.33 per share.
• The shares were sold to P180 Vince Acquisition Co. as part of a Stock and Loan Purchase Agreement.
• Following the transaction, SCSF Cardinal, LLC directly owns 310,239 shares.
• Indirect Sun Owners may be deemed to have indirect beneficial ownership of the securities owned of record by SCSF Cardinal.
• A portion of the shares were held back by SCSF Cardinal and may be transferred to P180 in the future under certain conditions.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a report of a transaction. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.

Future Outlook

A portion of the shares were held back by SCSF Cardinal and may be transferred to P180 in the future under certain conditions set forth in the Stock and Loan Purchase Agreement.

Industry Context

This transaction reflects a significant ownership change in Vince Holding Corp., a company in the fashion and apparel industry. Monitoring the performance of VNCE after this transaction and comparing it to its peers will be important.

Stakeholder Impact

• The sale of a significant number of shares could impact shareholder value.
• The change in ownership structure may influence the company's strategic direction.

Key Dates