LAMPERT EDWARD S 4

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.