LAMPERT EDWARD S 4
4 · LANDS' END, INC. · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
Lands' End (LE) 10% Owner Edward S. Lampert Sells 1.3M Shares
What Happened
- Edward S. Lampert, reported as a 10% owner of Lands' End, sold 1,300,505 shares of Lands' End common stock on April 1, 2026. The shares were tendered at $45.00 per share under a company tender offer, producing proceeds of approximately $58,522,725. This was a sale (disposition), not a purchase.
Key Details
- Transaction date and price: April 1, 2026 — 1,300,505 shares sold at $45.00 per share.
- Total value: $58,522,725.
- Mechanism: Shares sold pursuant to the tender offer by LEWHP, LLC (an indirect subsidiary of WH Topco, L.P.) to buy up to 2,222,222 shares at $45.00 per share (see filing footnote).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes of note: (F1) sale executed via the referenced tender offer; (F2) filing notes 3,503 shares held by each of two family trusts (Nicholas Floyd Lampert 2015 Trust and Nina Rose Lampert 2015 Trust) and includes a standard disclaimer about beneficial ownership.
- Filing timeliness: Report filed April 6, 2026 for an April 1 transaction (filed after the typical two-business-day window), which may be considered late for a Section 16 filing.
Context
- This transaction was part of a structured tender offer rather than an open-market sale; for 10% owners (often institutional/major shareholders) such sales commonly reflect participation in corporate liquidity events rather than routine executive trading. The filing is factual and does not state Lampert’s motives.
Insider Transaction Report
Form 4
LAMPERT EDWARD S
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
[F1][F2]2026-04-01$45.00/sh−1,300,505$58,522,725→ 15,813,925 total
Footnotes (2)
- [F1]Shares sold pursuant to the tender offer by LEWHP, LLC, a wholly owned indirect subsidiary of WH Topco, L.P., to purchase up to 2,222,222 of the outstanding shares of common stock of Lands' End, Inc. (the "Issuer"), par value $0.01 per share ("Shares"), in exchange for $45.00 per Share in cash, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated February 26, 2026 (as amended), and the related Letter of Transmittal.
- [F2]Includes 3,503 Shares held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust") and 3,503 Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust" and, together with The Nicholas Trust, the "Trusts"). Mr. Lampert may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise, the beneficial owner of any securities covered by this statement.
Signature
EDWARD S. LAMPERT, By: /s/ Edward S. Lampert|2026-04-06