Eric Singer - 08 Jul 2024 Form 4 Insider Report for Barnes & Noble Education, Inc. (BNED)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: BNED
Reported as of: 08 Jul 2024
Net transaction value: +$606,576
SEC form: 4
Accepted by SEC: 10 Jul 2024, 20:02:32 UTC
Prior SEC filing: 02 Jul 2024
Next SEC filing: 16 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/ Michael C. Miller, as attorney-in-fact for Eric Singer

Key filing fact

Eric Singer filed Form 4 for Barnes & Noble Education, Inc. (BNED) on 10 Jul 2024.

Key facts

This page summarizes Eric Singer's Form 4 filing for Barnes & Noble Education, Inc. (BNED).
3 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 10 Jul 2024, 20:02.

Change

Previous filing in this sequence was filed on 02 Jul 2024.
Current net transaction value: +$606,576.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BNED transaction

Common Stock

Purchase

Transaction value: $316,625
Shares: +47,000
Change %: +632%
Price: $6.74
Shares after: 54,441
Date: 08 Jul 2024
Ownership: Direct
Footnotes: F1, F2

BNED transaction

Common Stock

Purchase

Transaction value: $72,850
Shares: +10,000
Change %: +18%
Price: $7.28
Shares after: 64,441
Date: 09 Jul 2024
Ownership: Direct
Footnotes: F1, F3

BNED transaction

Common Stock

Purchase

Transaction value: $217,101
Shares: +30,000
Change %: +47%
Price: $7.24
Shares after: 94,441
Date: 10 Jul 2024
Ownership: Direct
Footnotes: F1, F4

BNED holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 11,006,702
Date: 08 Jul 2024
Ownership: See Footnote
Footnotes: F1, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

This Form 4 is filed by Eric Singer (the "Reporting Person"). The Reporting Person is a member of a group with Toro 18 Holdings LLC ("Toro 18"), Immersion Corporation ("Immersion"), William C. Martin, Emily Hoffman and Elias Nader for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of common stock, par value $0.01 (the "Common Stock"). The Reporting Person disclaims beneficial ownership of the securities of the Issuer owned directly by other members of the Section 13(d) group except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that he is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. The other members of the Section 13(d) group will file separate Section 16 reports, as applicable.

Footnote F2

Represents the average of multiple transactions with prices between $6.55 and $7.02. The Reporting Person, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities purchased at each separate price.

Footnote F3

Represents the average of multiple transactions with prices between $7.27 and $7.30. The Reporting Person, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities purchased at each separate price.

Footnote F4

Represents the weighted average price of multiple transactions with prices between $7.19 and $7.28. The Reporting Person, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities purchased at each separate price.

Footnote F5

Securities owned directly by Toro 18. Immersion, as the sole member of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18. Mr. Singer, as the President and Chief Executive Officer of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18.