Michael Rahamim - Sep 10, 2024 Form 4 Insider Report for J.Jill, Inc. (JILL)

Role: Director
Signature: /s/ Kathleen Stevens, Attorney-in-Fact
Stock symbol: JILL
Transactions as of: Sep 10, 2024
Transactions value $: $8
Form type: 4
Date filed: 9/12/2024, 07:33 PM
Previous filing: Jun 14, 2024
Next filing: Oct 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JILL	Common Stock	Exercise of in-the-money or at-the-money derivative security	$2.55K	+255K	+227.65%	$0.01	367K	Sep 10, 2024	Direct	F1
transaction	JILL	Common Stock	Tax liability	-$2.54K	-88	-0.02%	$28.92	367K	Sep 10, 2024	Direct	F1
holding	JILL	Common Stock						6.26K	Sep 10, 2024	By wife

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	JILL	Common Stock Warrants (right to buy)	Exercise of in-the-money or at-the-money derivative security		+255K			0	Sep 10, 2024	Common Stock	255K	$0.01	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On September 10, 2024, Mr. Rahamim exercised a warrant to purchase 255,264 shares of J.Jill, Inc. (the "Issuer") common stock for $0.01 per share pursuant to Rule 16b-6(b) (reflecting the number of shares issuable to Mr. Rahamim following the 5-for-1 reverse stock split that became effective November 9, 2020). Mr. Rahamim paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 88 of the shares of Issuer's common stock to pay the exercise price and issuing to the reporting person the remaining 255,176 shares.

Content

On September 10, 2024, Mr. Rahamim exercised a warrant to purchase 255,264 shares of J.Jill, Inc. (the "Issuer") common stock for $0.01 per share pursuant to Rule 16b-6(b) (reflecting the number of shares issuable to Mr. Rahamim following the 5-for-1 reverse stock split that became effective November 9, 2020). Mr. Rahamim paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 88 of the shares of Issuer's common stock to pay the exercise price and issuing to the reporting person the remaining 255,176 shares.