Turtle Creek Asset Management Inc. - May 4, 2023 Form 4 Insider Report for BREAD FINANCIAL HOLDINGS, INC. (BFH)

Role: 10%+ Owner
Signature: /s/ Meaghan Einav, Chief Compliance Officer
Stock symbol: BFH
Transactions as of: May 4, 2023
Transactions value $: $6,409,527
Form type: 4
Date filed: 5/8/2023, 09:30 PM
Previous filing: Mar 16, 2023
Next filing: May 11, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFH	Common Stock	Purchase	$689K	+29K	+0.68%	$23.72	4.3M	May 4, 2023	By Turtle Creek Equity Fund	F1, F2
transaction	BFH	Common Stock	Purchase	$66.2K	+2.79K	+0.7%	$23.72	399K	May 4, 2023	By Turtle Creek Investment Fund	F1, F2
transaction	BFH	Common Stock	Purchase	$39.7K	+1.68K	+0.54%	$23.72	314K	May 4, 2023	By Turtle Creek United States Equity Fund	F1, F2
transaction	BFH	Common Stock	Purchase	$4.53K	+191	+0.77%	$23.72	24.9K	May 4, 2023	By Turtle Creek North American Equity Fund	F1, F2
transaction	BFH	Common Stock	Purchase	$569	+24	+0.58%	$23.72	4.17K	May 4, 2023	By Turtle Creek Small Cap Equity Fund	F1, F2
transaction	BFH	Common Stock	Purchase	$1.58M	+63.6K	+1.48%	$24.82	4.37M	May 5, 2023	By Turtle Creek Equity Fund	F1, F3
transaction	BFH	Common Stock	Purchase	$152K	+6.13K	+1.53%	$24.82	406K	May 5, 2023	By Turtle Creek Investment Fund	F1, F3
transaction	BFH	Common Stock	Purchase	$91.2K	+3.68K	+1.17%	$24.82	318K	May 5, 2023	By Turtle Creek United States Equity Fund	F1, F3
transaction	BFH	Common Stock	Purchase	$10.4K	+420	+1.69%	$24.82	25.3K	May 5, 2023	By Turtle Creek North American Equity Fund	F1, F3
transaction	BFH	Common Stock	Purchase	$1.32K	+53	+1.27%	$24.82	4.22K	May 5, 2023	By Turtle Creek Small Cap Equity Fund	F1, F3
transaction	BFH	Common Stock	Purchase	$3.25M	+129K	+2.96%	$25.17	4.5M	May 8, 2023	By Turtle Creek Equity Fund	F1, F4
transaction	BFH	Common Stock	Purchase	$313K	+12.4K	+3.07%	$25.17	418K	May 8, 2023	By Turtle Creek Investment Fund	F1, F4
transaction	BFH	Common Stock	Purchase	$188K	+7.46K	+2.35%	$25.17	325K	May 8, 2023	By Turtle Creek United States Equity Fund	F1, F4
transaction	BFH	Common Stock	Purchase	$21.5K	+853	+3.37%	$25.17	26.1K	May 8, 2023	By Turtle Creek North American Equity Fund	F1, F4
transaction	BFH	Common Stock	Purchase	$2.67K	+106	+2.51%	$25.17	4.33K	May 8, 2023	By Turtle Creek Small Cap Equity Fund	F1, F4

Showing 1 to 15 of 15 entries

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

Explanation of Responses:

Id	Content
F1	The Reporting Person serves as investment manager to each of Turtle Creek Equity Fund, Turtle Creek Investment Fund, Turtle Creek United States Equity Fund, Turtle Creek North American Equity Fund and Turtle Creek Small Cap Equity Fund. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F2	The price reported in Column 4 is a weighted average price. These shares of the Issuer's Common Stock were purchased in multiple transactions at prices ranging from $23.665 to $23.81, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (2).
F3	The price reported in Column 4 is a weighted average price. These shares of the Issuer's Common Stock were purchased in multiple transactions at prices ranging from $24.41 to $25.09, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (3).
F4	The price reported in Column 4 is a weighted average price. These shares of the Issuer's Common Stock were purchased in multiple transactions at prices ranging from $24.87 to $25.45, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (4).