4//SEC Filing
Pleasant Lake Partners LLC 4
Accession 0000929638-25-002288
CIK 0001552800other
Filed
Jun 22, 8:00 PM ET
Accepted
Jun 23, 4:52 PM ET
Size
16.0 KB
Accession
0000929638-25-002288
Insider Transaction Report
Form 4
PLP Funds Master Fund LP
10% Owner
Transactions
- PurchaseSwap
Cash-Settled Total Return Swap
2025-06-18$6.05/sh+14,170$85,754→ 821,860 total(indirect: See Footnotes)Exp: 2028-04-07→ Common Stock (14,170 underlying) - Purchase
Common Stock
2025-06-20$6.26/sh+1,060$6,633→ 11,856,805 total(indirect: See Footnotes) - PurchaseSwap
Cash-Settled Total Return Swap
2025-06-23$6.26/sh+10,253$64,220→ 832,113 total(indirect: See Footnotes)Exp: 2028-04-07→ Common Stock (10,253 underlying)
Holdings
- 1,002,207(indirect: See Footnotes)
Common Stock
Fund 1 Investments, LLC
10% Owner
Transactions
- Purchase
Common Stock
2025-06-20$6.26/sh+1,060$6,633→ 11,856,805 total(indirect: See Footnotes) - PurchaseSwap
Cash-Settled Total Return Swap
2025-06-18$6.05/sh+14,170$85,754→ 821,860 total(indirect: See Footnotes)Exp: 2028-04-07→ Common Stock (14,170 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2025-06-23$6.26/sh+10,253$64,220→ 832,113 total(indirect: See Footnotes)Exp: 2028-04-07→ Common Stock (10,253 underlying)
Holdings
- 1,002,207(indirect: See Footnotes)
Common Stock
Pleasant Lake Partners LLC
10% Owner
Transactions
- Purchase
Common Stock
2025-06-20$6.26/sh+1,060$6,633→ 11,856,805 total(indirect: See Footnotes) - PurchaseSwap
Cash-Settled Total Return Swap
2025-06-18$6.05/sh+14,170$85,754→ 821,860 total(indirect: See Footnotes)Exp: 2028-04-07→ Common Stock (14,170 underlying) - PurchaseSwap
Cash-Settled Total Return Swap
2025-06-23$6.26/sh+10,253$64,220→ 832,113 total(indirect: See Footnotes)Exp: 2028-04-07→ Common Stock (10,253 underlying)
Holdings
- 1,002,207(indirect: See Footnotes)
Common Stock
Footnotes (6)
- [F1]Securities reported herein are held for the benefit of PLP Funds Master Fund LP (the "PL Fund") and an additional private investment vehicle for which Pleasant Lake Partners LLC ("PLP") serves as investment adviser. Fund 1 Investments, LLC serves as managing member of PLP. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
- [F2]Securities held for the account of the PL Fund.
- [F3]Shares held for the account of an unaffiliated private fund for which PLP serves as investment adviser.
- [F4]The Reporting Persons have entered into certain cash-settled total return swap arrangements with an unaffiliated third party financial institution, which provide the Reporting Persons with economic exposure to 14,170 notional shares of common stock for a price of $6.0518 per share. The swap agreements provide the Reporting Persons with economic results that are comparable to the economic results of ownership but do provide the Reporting Persons with the power to vote or direct the voting or dispose of or direct the disposition of the shares of common stock that are the subject of the swap agreements (the "Subject Shares"). Each of the Reporting Persons disclaims beneficial ownership of the Subject Shares except to the extent of its or his pecuniary interest therein.
- [F5]The expiration date of the swap agreements will be automatically extended for successive 12 month periods unless one party provides written notice to the other party, at least 30 calendar days prior to the first extension and at least 15 days prior to any subsequent extension, not to so extend the expiration date.
- [F6]The Reporting Persons have entered into certain cash-settled total return swap arrangements with an unaffiliated third party financial institution, which provide the Reporting Persons with economic exposure to 10,253 notional shares of common stock for a price of $6.2635 per share. The swap agreements provide the Reporting Persons with economic results that are comparable to the economic results of ownership but do provide the Reporting Persons with the power to vote or direct the voting or dispose of or direct the disposition of the shares of common stock that are the Subject Shares. Each of the Reporting Persons disclaims beneficial ownership of the Subject Shares except to the extent of its or his pecuniary interest therein.
Documents
Issuer
TILE SHOP HOLDINGS, INC.
CIK 0001552800
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001580144
Filing Metadata
- Form type
- 4
- Filed
- Jun 22, 8:00 PM ET
- Accepted
- Jun 23, 4:52 PM ET
- Size
- 16.0 KB