Yakira Capital Management, Inc. 4

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.