4//SEC Filing
Yakira Capital Management, Inc. 4
Accession 0001104659-26-006862
CIK 0001628063other
Filed
Jan 26, 7:00 PM ET
Accepted
Jan 27, 10:46 AM ET
Size
6.2 KB
Accession
0001104659-26-006862
Research Summary
AI-generated summary of this filing
Seritage (SRG-PA) 10% Owner Yakira Capital Sells 5,072 Shares
What Happened Yakira Capital Management, Inc. (reported as a 10% owner/advisor) disposed of 5,072 shares of Seritage Growth Properties (SRG-PA) on January 26, 2026. The shares were sold at $24.13 each for total proceeds of $122,396. This was a sale (disposition), which is often routine for institutional holders and does not necessarily signal a view on the company's prospects.
Key Details
- Transaction date and price: 2026-01-26 at $24.13 per share (total $122,396). Transaction code: S (sale/disposition).
- Transaction type: Open market or private sale (filing lists "Open market or private sale").
- Shares owned after transaction: Not specified in the Form 4 filing.
- Filing timeliness: Report filed 2026-01-27 (next day), indicating a timely disclosure.
- Footnote: Yakira Capital Management is an investment advisor to Yakira Partners, Yakira Enhanced Offshore Fund Ltd., and MAP 136 Segregated Portfolio; it has sole voting and investment discretion for the reported securities but disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
- This filing reflects institutional selling by an advisor to pooled investment vehicles (a 10% owner filing), not direct insider executive trading. Such institutional dispositions can be for portfolio management reasons and should be viewed differently than insider purchases.
Insider Transaction Report
Form 4
Yakira Capital Management, Inc.
10% Owner
Transactions
- Sale
7.00 % Series A Cumulative Redeemable Preferred Shares
[F1]2026-01-26$24.13/sh−5,072$122,396→ 304,332 total(indirect: See Footnote)
Footnotes (1)
- [F1]Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.
Signature
/s/ Nicholas Sabatini, CFO & CCO|2026-01-27
Documents
Issuer
Seritage Growth Properties
CIK 0001628063
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001584639
Filing Metadata
- Form type
- 4
- Filed
- Jan 26, 7:00 PM ET
- Accepted
- Jan 27, 10:46 AM ET
- Size
- 6.2 KB