Yakira Capital Management, Inc. 4
4 · Seritage Growth Properties · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Seritage (SRG-PA) 10% Owner Yakira Capital Sells Shares
What Happened Yakira Capital Management, which serves as investment advisor to funds that collectively hold a ~10% stake, sold a total of 3,584 shares of Seritage Growth Properties (SRG-PA) in two open-market transactions. On 2026-02-04 it sold 2,554 shares at $24.13 each for $61,616, and on 2026-02-05 it sold 1,030 shares at $24.08 each for $24,807 — total proceeds ≈ $86,423. These were sales (dispositions), not purchases.
Key Details
- Transaction dates and prices: 2026-02-04 — 2,554 shares @ $24.13; 2026-02-05 — 1,030 shares @ $24.08.
- Total shares sold: 3,584; total proceeds ≈ $86,423.
- Shares owned after transaction: Not specified in the summary provided (check full Form 4 for holdings after sale).
- Footnote: Yakira Capital is an investment adviser to Yakira Partners, Yakira Enhanced Offshore Fund Ltd., and MAP 136 Segregated Portfolio and has sole voting/investment discretion for the reported securities; it disclaims beneficial ownership except for any pecuniary interest.
- Filing/timeliness: Report filed 2026-02-05 covering the Feb 4–5 trades; appears to be filed promptly.
Context These trades were carried out by an institutional 10% owner via its advisory capacity, not by a company executive. Sales by institutional owners can be routine portfolio management and are generally less informative about management sentiment than insider purchases. No options, awards, or 10b5‑1/tax-withholding notes were reported in the provided details.
Insider Transaction Report
- Sale
7.00% Series A Cumulative Redeemable Preferred Shares
[F1]2026-02-04$24.13/sh−2,554$61,616→ 301,778 total(indirect: See Footnote) - Sale
7.00% Series A Cumulative Redeemable Preferred Shares
[F1]2026-02-05$24.08/sh−1,030$24,807→ 300,748 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.