Yakira Capital Management, Inc. 4
4 · Seritage Growth Properties · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Seritage (SRG-PA) 10% Owner Yakira Capital Sells Shares
What Happened
Yakira Capital Management, Inc., reported as a 10% owner (investment advisor), disposed of a total of 6,380 shares of Seritage Growth Properties (SRG-PA) in two transactions. On 2026-02-06 it sold 810 shares at $24.10 ($19,524) and on 2026-02-09 it sold 5,570 shares at $24.10 ($134,237), for combined proceeds of $153,761. These were sales (routine dispositions by an institutional holder), not purchases.
Key Details
- Transaction dates and prices: 2026-02-06 — 810 shares @ $24.10 ($19,524); 2026-02-09 — 5,570 shares @ $24.10 ($134,237).
- Total sold: 6,380 shares for $153,761.
- Filing date: Form 4 filed 2026-02-09 (reporting period begins 2026-02-06); filing is timely.
- Shares owned after transaction: Not specified in the filing.
- Footnote: Yakira Capital acts as investment adviser to Yakira Partners, Yakira Enhanced Offshore Fund Ltd. and MAP 136; it has sole voting and investment discretion for the reported securities and disclaims beneficial ownership except for any pecuniary interest (see F1).
- Transaction code: S = Sale (open market or private sale).
Context
This filing reflects institutional-level sales by a 10% owner / investment adviser, which typically indicate portfolio adjustments rather than insider views on company operations. No options exercises, awards, gifts, or tax-withholding transactions were reported in this filing.
Insider Transaction Report
- Sale
7.00% Series A Cumulative Redeemable Preferred Shares
[F1]2026-02-06$24.10/sh−810$19,524→ 299,938 total(indirect: See Footnote) - Sale
7.00% Series A Cumulative Redeemable Preferred Shares
[F1]2026-02-09$24.10/sh−5,570$134,237→ 294,368 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.