Fund 1 Investments, LLC 4

What Happened
Fund 1 Investments, LLC (reported as a 10% owner) sold 750,000 shares of Citi Trends, Inc. (CTRN) on 2026-06-24 at $56.50 per share, generating $42,375,000 in proceeds. The filing reports a sale (transaction code S) via open market or private sale.

Key Details

• Transaction date: 2026-06-24
• Shares sold: 750,000
• Price per share: $56.50
• Total proceeds: $42,375,000
• Shares owned after transaction: Not specified in the provided filing summary
• Footnote: Securities are held by private investment vehicles advised by Pleasant Lake Partners LLC. Fund 1 Investments, LLC is the managing member of Pleasant Lake Partners LLC; Jonathan Lennon is managing member of Fund 1 Investments, LLC. The reporting entity disclaims beneficial ownership except to the extent of its pecuniary interest (see footnote F1).
• Filing timeliness: Filed for the same reporting period date (no late filing indicated)

Context
This was an institutional sale by a 10% holder (through Fund 1 Investments/ Pleasant Lake Partners structure), not a direct personal sale by a company executive. Sales by large shareholders can be routine portfolio moves and do not by themselves indicate company performance or insider sentiment; purchases are generally considered more informative about insider confidence.