Clifford Sosin - 18 Aug 2025 Form 4 Insider Report for Cardlytics, Inc. (CDLX)

Reporting relationship: 10%+ Owner
Issuer ticker: CDLX
Reported as of: 18 Aug 2025
Net transaction value: -$452,760
SEC form: 4
Accepted by SEC: 19 Aug 2025, 20:22:43 UTC
Prior SEC filing: 02 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/ Clifford Sosin

Key filing fact

Clifford Sosin filed Form 4 for Cardlytics, Inc. (CDLX) on 19 Aug 2025.

Key facts

This page summarizes Clifford Sosin's Form 4 filing for Cardlytics, Inc. (CDLX).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 19 Aug 2025, 20:22.

Change

Previous filing in this sequence was filed on 02 Jul 2025.
Current net transaction value: -$452,760.

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

Reporting Owners (1)

CIK 0001697919 Primary reporting owner

SOSIN CLIFFORD

Relationship: 10%+ Owner
Address: C/O CAS INVESTMENT PARTNERS, LLC, 8 WRIGHT STREET, SUITE 107, WESTPORT
Signature: /s/ Clifford Sosin
Signature date: 19 Aug 2025

Reported non-derivative transactions

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

CDLX transaction

Common Stock

Sale

Transaction value: $228,220
Shares: -200,000
Change %: -3.6%
Price: $1.14
Shares after: 5,399,023
Date: 18 Aug 2025
Ownership: See Footnote
Footnotes: F1

CDLX transaction

Common Stock

Sale

Transaction value: $224,540
Shares: -200,000
Change %: -3.7%
Price: $1.12
Shares after: 5,199,023
Date: 19 Aug 2025
Ownership: See Footnote
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CDLX holding Derivative

4.25% Convertible Senior Notes due 2029

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 21,243,000
Date: 18 Aug 2025
Ownership: See Footnote
Underlying class: Common Stock
Underlying amount: 1,178,856
Exercise price
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Clifford Sosin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

3,199,540 shares of the Issuer's Common Stock (the "Common Stock") are owned directly by Sosin Master, L.P. ("Sosin Master"). The Reporting Person, as the Managing Member of CAS Investment Partners, LLC ("CAS"), the investment manager to Sosin Master, may be deemed to beneficially own the securities directly owned by Sosin Master. The remaining 1,999,483 shares of Common Stock are owned directly by CSWR Partners, L.P. ("CSWR"). The Reporting Person, as the Managing Member of CAS, the investment manager to CSWR, may be deemed to beneficially own the securities directly owned by CSWR.

Footnote F2

Sosin Master directly holds $13,741,366 principal amount of the Issuer's 4.25% Convertible Senior Notes due April 1, 2029 (the "Notes") and CSWR directly holds $7,501,634 principal amount of the Notes. Subject to conditions described in the indenture governing the Notes, the Notes have an initial conversion rate of 55.4939 shares of Common Stock per $1,000 principal amount of Notes, subject to adjustment as described in the indenture.

Footnote F3

As the Issuer has the option, at its sole discretion, to settle conversions of the Notes in cash, shares of Common Stock or a combination of cash and shares of Common Stock, none of the Reporting Person, Sosin Master or CSWR are deemed to be beneficial owners of any shares of Common Stock underlying the Notes for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended.