Jersey Mike's Subs Inc. (JMKE) SEC Filings

Jersey Mike's Subs Inc. (symbol: JMKE) is the issuer of record for a Form 4 filing submitted to the SEC.

Jersey Mike’s Subs Inc. (JMKE) reports that affiliates of investment funds associated with Blackstone, its current majority owners, entered into margin loan agreements on September 16, 2026 for aggregate borrowings of approximately $1.09 billion, secured by a large pledge of the company’s equity and related units.

The Blackstone affiliates pledged 127,631,450 Class A shares, 44,990,370 Class B shares and 44,990,370 Common Units, which together represented about 54.3% of issued and outstanding Class A common stock on an as-exchanged basis as of the closing date. In a default, secured parties may foreclose on the pledged equity. Jersey Mike’s is not a party to the loan documents and has no obligations under them, but agreed in letters to lenders not to take actions intended to materially hinder or delay their exercise of remedies, subject to law and stock exchange rules.

Jersey Mike's Subs Inc. (symbol: JMKE) is the issuer of record for a Form 4 filing submitted to the SEC. Bromberg Matthew S reported acquisition or exercise transactions in this Form 4 filing.

Jersey Mike's Subs Inc. (JMKE) reported that director Matthew S. Bromberg received a grant of 5,434 Restricted Stock Units (RSUs) on September 17, 2026. Each RSU represents a contingent right to receive one share of Class A common stock or cash, at the company’s discretion, and will vest on the earlier of September 17, 2027 or the next annual meeting of stockholders. Following this grant, he holds 5,434 RSUs directly. No Rule 10b5-1 trading plan is reported.

Jersey Mike's Subs Inc. (JMKE) reported that Boardwalk ML Holdco I L.P. and Boardwalk ML Holdco II L.P., entities that are 10% owners, completed several internal transfers of equity interests on September 15, 2026. The transactions were part of an internal reorganization and are reported as dispositions on this Form 4.

Boardwalk ML Holdco I L.P. distributed 1,985 shares of Class A Common Stock, 735,910 shares of Class B Common Stock, and 735,910 Common Units of Jersey Mike's HoldCo, LLC to its sole limited partner, Submarine Buyer LLC, which then contributed these and other issuer securities to Boardwalk ML Holdco III LP. Boardwalk ML Holdco II L.P. distributed 1,900,625 shares of Class A Common Stock to its sole limited partner, Boardwalk Aggregator II LP, which then contributed issuer securities to Boardwalk ML Holdco IV LP.

According to the disclosure, these transfers represent only a change in form of ownership and did not change the aggregate number of Jersey Mike's securities held by Blackstone funds and their affiliates or their pecuniary interest. Class B Common Stock has no economic value, carries one vote per share, is issued one-for-one with Common Units, and is automatically cancelled upon exchange of Common Units into Class A Common Stock under an exchange agreement with rights that do not expire.

Jersey Mike's Subs Inc. (JMKE) received an initial beneficial ownership report from Boardwalk ML Holdco III L.P., Boardwalk ML Holdco III GP LLC, Boardwalk ML Holdco IV L.P. and Boardwalk ML Holdco IV GP LLC as ten percent owners. As of September 15, 2026, entities associated with these reporting persons hold 32,827,917 Common Units of Jersey Mike's HoldCo, LLC, which are exchangeable on a one-for-one basis for shares of Class A Common Stock, and 32,827,917 shares of Class B Common Stock

Jersey Mike’s Subs Inc. (JMKE) reported strong top-line growth but lower profitability for the thirteen weeks ended June 28, 2026. Total revenue rose 10% to $208 million, driven by systemwide sales of $1.210 billion (up 10%), Same-Store Sales Growth of 2.3%, and an 8.1% increase in total stores to 3,378. Digital sales reached 43% of systemwide sales and Average Unit Volume was $1.376 million.

Net income declined 37% to $37 million as general and administrative expenses nearly doubled, including $20 million of area director buyouts and $7 million of IPO-related costs, while advertising expense rose 32%. Adjusted EBITDA increased 7% to $114 million, reflecting underlying operating strength. For the twenty-six weeks, operating cash flow improved to $105 million from a prior-period use of cash, aided by the nonrecurrence of a large 2025 transaction bonus. Subsequent to quarter end, the company completed its IPO, raising approximately $301 million of primary proceeds at $21.85 per share to repay a portion of its Series 2026 Notes, modestly reducing securitized debt outstanding of about $2.1 billion.

Jersey Mike’s Subs Inc. (JMKE) reported fiscal second quarter 2026 results with total revenue up 10% year over year to $208 million, in line with systemwide sales up 10% to $1.210 billion. Same-store sales grew 2.3%, driven primarily by transaction growth, and the company opened 83 new stores, producing net unit growth of 8.1% and ending the quarter with 3,378 stores. Digital sales represented 43% of systemwide sales, up from 41%.

Net income declined to $37 million from $59 million, reflecting non-routine expenses, advertising fund timing and higher interest expense, partially offset by a $14 million gain on the sale of corporate-owned stores. Adjusted EBITDA rose 7% to $114 million, and excluding a $10 million adverse advertising-fund timing impact, management notes Adjusted EBITDA growth of 18%, aided by $8 million in lower Area Director program expenses. Year-to-date operating cash flow was $105 million, and the balance sheet showed $265 million in cash against $2.096 billion of total debt.

For full-year 2026, Jersey Mike’s projects same-store sales growth of 2.5–3.0% (including 3.0–4.0% in the third quarter), net unit growth of at least 8%, and Adjusted EBITDA growth of at least 20%, including at least 13% growth in the third quarter.

Jersey Mike's Subs Inc. (JMKE) reports that investment entities affiliated with Blackstone, including Boardwalk ML Holdco I L.P. and Boardwalk ML Holdco II L.P., are ten percent owners and now hold their interests through newly formed holding partnerships. On August 28, 2026, Submarine Buyer LLC contributed 13,083,987 Common Units of Jersey Mike's HoldCo, LLC, together with 13,083,987 shares of Class B Common Stock and 35,294 shares of Class A Common Stock, to Boardwalk ML Holdco I L.P., while Boardwalk Aggregator II L.P. contributed 45,963,275 shares of Class A Common Stock to Boardwalk ML Holdco II L.P. The Common Units are exchangeable into Class A Common Stock on a one-for-one basis under an exchange agreement and the associated Class B shares, which have voting rights but no economic value, are cancelled upon exchange. The reporting persons state that these are internal contributions and that no securities of the issuer were purchased, sold or otherwise transferred in connection with these restructurings, and they each disclaim beneficial ownership except to the extent of their pecuniary interest.

Jersey Mike's Subs Inc. (JMKE) had a Form 4 filed for entities associated with Abu Dhabi Investment Authority reporting an indirect sale of 382,134 shares of Class A Common Stock on 2026-08-25 at $21.85 per share, reflecting the $23.00 secondary public offering price less a $1.15 underwriting discount. The shares were sold directly by Boardwalk II Aggregator L.P. in connection with a partial exercise of the underwriters' option to purchase additional shares. After this transaction, the reporting structure (through Platinum Falcon B 2018 RSC Ltd and Platinum International Investment Holding RSC Ltd) shows 35,732,138 shares of Class A Common Stock held indirectly, with each reporting person disclaiming beneficial ownership beyond its pecuniary interest.