Fund 1 sells 750,000 Citi Trends shares
Fund 1 Investments, LLC reported an open-market sale of 750,000 shares of Citi Trends, Inc. common stock at a price of $56.50 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Fund 1 Investments, LLC reported an open-market sale of 750,000 shares of Citi Trends, Inc. common stock at a price of $56.50 per share. After the transaction, Fund 1 reported indirect ownership of 1,823,486 Citi Trends shares.
The shares are held by private investment vehicles for which Pleasant Lake Partners LLC is investment adviser. Fund 1 Investments, LLC is the managing member of Pleasant Lake Partners LLC, and the reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.
Insider Trade Summary
Net Seller: 750,000 shares
Net Sell
1 txn
Insider
Fund 1 Investments, LLC
Role
10% Owner
Sold
750,000 shs ($42.38M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 750,000 | $56.50 | $42.38M |
Holdings After Transaction:
Common Stock — 1,823,486 shares (Indirect, See Footnote)
Footnotes (1)
- F1. Securities reported herein for Fund 1 Investments, LLC are held by private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser. Fund 1 Investments, LLC serves as managing member of Pleasant Lake Partners LLC. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
Key Figures
Shares sold: 750,000 shares
Sale price: $56.50 per share
Shares owned after: 1,823,486 shares
+2 more
5 metrics
Shares sold
750,000 shares
Open-market sale of Citi Trends common stock
Sale price
$56.50 per share
Price for the 750,000-share transaction
Shares owned after
1,823,486 shares
Indirect Citi Trends holdings following the sale
Net share direction
-750,000 shares
Net-sell based on transaction summary
Sell transactions
1 transaction
Non-derivative open-market sale
Key Terms
open-market sale, indirect ownership, investment adviser, beneficial ownership, +1 more
5 terms
open-market sale financial
"reported an open-market sale of 750,000 shares of Citi Trends"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"After the transaction, Fund 1 reported indirect ownership of 1,823,486"
investment adviser financial
"held by private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the securities reported herein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Fund 1 Investments, LLC report in the Citi Trends (CTRN) Form 4 filing?
Fund 1 Investments, LLC reported selling 750,000 Citi Trends common shares in an open-market transaction. The filing is a regulatory disclosure of insider-related activity, not a company press release or earnings announcement.
Is the Citi Trends (CTRN) Form 4 transaction direct or indirect ownership for Fund 1 Investments, LLC?
The Citi Trends shares are reported as held indirectly, with ownership coded as “I” and noted as “See Footnote.” The filing explains the securities are held by private investment vehicles advised by Pleasant Lake Partners LLC.
What does the Form 4 footnote say about Fund 1 Investments, LLC’s beneficial ownership of Citi Trends (CTRN)?
The footnote states the securities are held by private investment vehicles advised by Pleasant Lake Partners LLC and that Fund 1 Investments, LLC disclaims beneficial ownership except to the extent of its pecuniary interest in those securities.
Who else is mentioned in connection with Fund 1 Investments, LLC’s Citi Trends (CTRN) holdings?
The filing mentions Pleasant Lake Partners LLC as investment adviser to the vehicles holding the shares and identifies Jonathan Lennon as managing member of Fund 1 Investments, LLC, which is the managing member of Pleasant Lake Partners LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates