Fund 1 Investments, LLC - Dec 2, 2022 Form 4 Insider Report for TILLY'S, INC. (TLYS)

Role
10%+ Owner
Signature
/s/ Fund 1 Investments, LLC By: Benjamin C. Cable, Chief Operating Officer
Stock symbol
TLYS
Transactions as of
Dec 2, 2022
Transactions value $
-$1,397,517
Form type
4
Date filed
1/10/2023, 03:34 PM
Previous filing
Jan 10, 2023
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLYS Class A Common Stock Purchase $199K +20.1K +3.67% $9.89 568K Dec 2, 2022 See Footnotes F1, F4
transaction TLYS Class A Common Stock Sale -$961K -100K -6.2% $9.61 1.51M Dec 2, 2022 See Footnotes F1, F3
transaction TLYS Class A Common Stock Sale -$1.44M -150K -6.1% $9.61 2.31M Dec 2, 2022 See Footnotes F1, F2
transaction TLYS Class A Common Stock Sale -$394K -39.2K -1.7% $10.04 2.27M Dec 2, 2022 See Footnotes F1, F2
transaction TLYS Class A Common Stock Purchase $126K +13K +0.86% $9.72 1.53M Dec 5, 2022 See Footnotes F1, F3
transaction TLYS Class A Common Stock Purchase $263K +27.5K +1.8% $9.56 1.55M Dec 6, 2022 See Footnotes F1, F3
transaction TLYS Class A Common Stock Purchase $48.4K +5K +0.32% $9.67 1.56M Dec 7, 2022 See Footnotes F1, F3
transaction TLYS Class A Common Stock Purchase $95.7K +10K +0.44% $9.57 2.28M Dec 7, 2022 See Footnotes F1, F2
transaction TLYS Class A Common Stock Purchase $72.4K +7.5K +1.32% $9.65 575K Dec 8, 2022 See Footnotes F1, F4
transaction TLYS Class A Common Stock Purchase $263K +28K +4.87% $9.40 603K Dec 9, 2022 See Footnotes F1, F4
transaction TLYS Class A Common Stock Purchase $18.5K +2K +0.09% $9.26 2.28M Dec 12, 2022 See Footnotes F1, F2
transaction TLYS Class A Common Stock Purchase $42.4K +4.5K +0.2% $9.43 2.29M Dec 13, 2022 See Footnotes F1, F2
transaction TLYS Class A Common Stock Purchase $178K +19.5K +3.23% $9.15 623K Dec 15, 2022 See Footnotes F1, F4
transaction TLYS Class A Common Stock Purchase $18.2K +2K +0.32% $9.09 625K Dec 16, 2022 See Footnotes F1, F4
transaction TLYS Class A Common Stock Purchase $74.6K +8.6K +1.38% $8.68 633K Dec 19, 2022 See Footnotes F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares reported herein are held for the benefit of Pleasant Lake Onshore Feeder Fund, LP (the "PL Fund") and additional private investment vehicles for which Pleasant Lake Partners LLC ("PLP") serves as investment adviser. Fund 1 Investments, LLC serves as managing member of PLP. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
F2 Shares held for the account of the PL Fund.
F3 Shares held for the account of an unaffiliated private fund for which PLP serves as investment adviser ("Client 2").
F4 Shares held for the account of an unaffiliated private fund for which PLP serves as investment adviser ("Client 3").

Remarks:

This Form 4 constitutes part one of six Forms 4 (collectively, the "Reports") filed by the Reporting Persons to report transactions in securities of the Issuer since March 21, 2022. The Reporting Persons have determined that certain sales made by accounts for which PLP serves as investment adviser, as reported in the Reports, were matchable with purchases by such accounts under Section 16(b) of the Securities Exchange Act of 1934. The Reporting Persons have sent the Company payment of the full amount of their pecuniary interest in the disgorgeable profits arising from such transactions.