4//SEC Filing
RUBIN MICHAEL 4
Accession 0000950170-24-137973
CIK 0001634117other
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 5:00 PM ET
Size
15.5 KB
Accession
0000950170-24-137973
Insider Transaction Report
Form 4
Lids Holdings, Inc.
10% Owner
Transactions
- Sale
Common Stock
2024-12-16$11.25/sh−1,500,000$16,875,000→ 2,976,614 total
TopLids LendCo, LLC
10% Owner
Transactions
- Sale
Common Stock
2024-12-16$11.25/sh−1,500,000$16,875,000→ 2,976,614 total
FANZZLIDS HOLDINGS, LLC
10% Owner
Transactions
- Sale
Common Stock
2024-12-16$11.25/sh−1,500,000$16,875,000→ 2,976,614 total
RUBIN MICHAEL
10% Owner
Transactions
- Sale
Common Stock
2024-12-16$11.25/sh−1,500,000$16,875,000→ 2,976,614 total
Fanatics Leader Topco, Inc.
10% Owner
Transactions
- Sale
Common Stock
2024-12-16$11.25/sh−1,500,000$16,875,000→ 2,976,614 total
Fanatics Lids College, Inc
10% Owner
Transactions
- Sale
Common Stock
2024-12-16$11.25/sh−1,500,000$16,875,000→ 2,976,614 total
Footnotes (4)
- [F1]This Form 4 is filed jointly by Lids Holdings, Inc. ("Lids Holdings"), TopLids LendCo, LLC ("TopLids"), Fanatics Leader Topco, Inc. ("Fanatics LTI"), Fanatics Lids College, Inc. ("Fanatics Lids"), FanzzLids Holdings, LLC ("FanzzLids"), and Michael G. Rubin (collectively, the "Reporting Persons"). The Reporting Persons constitute a group for purposes of Section 13(d) of the Securities Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
- [F2]Following the reported transaction, 0 shares of Common Stock reported herein are held by Lids Holdings, which is a wholly owned subsidiary of FanzzLids. The majority member of FanzzLids is Fanatics Leader Holdings, LLC ("Fanatics Leader LLC"). The sole member of Fanatics Leader LLC is Fanatics LTI. Kynetic F, LLC ("Kynetic"), on account of its share of the ownership of the voting securities of Fanatics Holdings, Inc., which indirectly owns 100% of the outstanding capital stock of Fanatics LTI, indirectly owns a controlling percentage of the outstanding voting securities of Fanatics LTI. Mr. Rubin is the managing member of Kynetic and as such may ultimately be deemed the beneficial owner of the shares of Common Stock held by Lids Holdings.
- [F3](continued from footnote 2) Following the reported transaction, 11,539 shares of Common Stock reported herein are held by Fanatics LTI. As a result of the ownership structures noted above, Mr. Rubin may ultimately be deemed the beneficial owner of the shares of Common Stock held by Fanatics LTI. Following the reported transaction, 4,608 shares of Common Stock reported herein are held by Fanatics Lids, which is a wholly owned subsidiary of FanzzLids. The majority member of FanzzLids is Fanatics Leader LLC. As a result of the ownership structures noted above, Mr. Rubin may ultimately be deemed the beneficial owner of the shares of Common Stock held by Fanatics Lids. Following the reported transactions, 2,960,467 shares of Common Stock reported herein are held by TopLids, which is a wholly owned subsidiary of FanzzLids. As a result of the ownership structures noted above, Mr. Rubin may ultimately be deemed the beneficial owner of the shares of Common Stock held by TopLids.
- [F4]Common Stock was sold in open market transactions for the accounts of Lids Holdings and TopLids. Fanatics LTI, Fanatics Lids, FanzzLids, Michael G. Rubin, Fanatics Leader LLC and Kynetic did not sell any Common Stock.
Documents
Issuer
Barnes & Noble Education, Inc.
CIK 0001634117
Entity typeother
Related Parties
1- filerCIK 0001123356
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 5:00 PM ET
- Size
- 15.5 KB