Fund 1 Investments, LLC - May 22, 2023 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
May 22, 2023
Transactions value $
$295,993
Form type
4
Date filed
5/24/2023, 05:06 PM
Previous filing
May 9, 2023
Next filing
Jun 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLYS Class A Common Stock Purchase $220K +30.2K +0.87% $7.28 3.49M May 22, 2023 See Footnotes F1, F2
transaction TLYS Class A Common Stock Purchase $76.4K +10K +0.29% $7.64 3.5M May 24, 2023 See Footnotes F1, F2
holding TLYS Class A Common Stock 1.56M May 22, 2023 See Footnotes F1, F3
holding TLYS Class A Common Stock 633K May 22, 2023 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:

Although the Reporting Persons effected sales of the Issuer's Class A Common Stock within the six-month period prior to the date of the purchase reported herein, such sales were previously matched with prior purchases effected by the Reporting Persons at lower prices, with respect to which disgorgeable profit was paid by the Reporting Persons to the Issuer in accordance with under Section 16(b) of the Securities Exchange Act of 1934. The purchases reported herein do not give rise to any additional disgorgeable profits.