Edward Lampert sells 1.3M Lands' End (LE) shares in $45 tender

Rhea-AI Filing Summary

LANDS' END, INC. major shareholder Edward S. Lampert reported an open-market tender offer sale of common stock. He sold 1,300,505 shares of Lands' End at $45.00 per share for cash into a tender offer by LEWHP, LLC, an indirect subsidiary of WH Topco, L.P.

Following the sale, Lampert holds 15,813,925 shares of Lands' End common stock directly and through related entities. This remaining stake includes 3,503 shares in each of two 2015 trusts for family members, where he disclaims beneficial ownership beyond his pecuniary interest.

Insider Trade Summary

Net Seller: 1,300,505 shares ($58,522,725)

Net Sell 1 txn

Insider LAMPERT EDWARD S

Role 10% Owner

Sold 1,300,505 shs ($58.52M)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01 per share	1,300,505	$45.00	$58.52M

Holdings After Transaction: Common Stock, par value $0.01 per share — 15,813,925 shares (Direct)

Footnotes (1)

1. 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. 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.

Key Figures

Shares sold: 1,300,505 shares Sale price per share: $45.00 per share Approximate transaction value: $58,522,725 +3 more

6 metrics

Shares sold 1,300,505 shares Common stock sold on 2026-04-01 via tender offer

Sale price per share $45.00 per share Cash consideration in LEWHP, LLC tender offer

Approximate transaction value $58,522,725 1,300,505 shares sold at $45.00 each

Shares held after transaction 15,813,925 shares Total Lands' End common stock holdings following sale

Tender offer capacity 2,222,222 shares Maximum outstanding Lands' End shares targeted by tender offer

Trust holdings per trust 3,503 shares Shares held by each of two 2015 family trusts

Key Terms

tender offer, Offer to Purchase, Letter of Transmittal, beneficial ownership, +2 more

6 terms

tender offer financial

"Shares sold pursuant to the tender offer by LEWHP, LLC, a wholly owned indirect subsidiary of WH Topco, L.P."

A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.

Offer to Purchase financial

"upon the terms and subject to the conditions set forth in the Offer to Purchase, dated February 26, 2026"

An offer to purchase is a formal proposal from one party to buy a specific amount of shares or assets from another party at a set price. It matters to investors because it signals interest in acquiring ownership and can influence the value or control of a company. Think of it as someone putting forward a clear, serious offer to buy something they find valuable.

Letter of Transmittal financial

"and the related Letter of Transmittal."

A letter of transmittal is a written form investors use when sending physical stock certificates or electronic ownership documents to a company or its agent to surrender shares, tender them in an offer, or claim payment or replacement securities. It acts like a packing slip that lists what is enclosed, gives instructions on how the transfer should be handled, and provides proof of the transaction—important for ensuring investors receive the correct payment or new securities without delay or dispute.

beneficial ownership financial

"Mr. Lampert may be deemed to have beneficial ownership of securities owned by the Trusts."

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 covered by this statement, except to the extent of the pecuniary interest"

Section 16 of the Securities Exchange Act of 1934 regulatory

"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"

A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LAMPERT EDWARD S

(Last) (First) (Middle)

1170 KANE CONCOURSE, SUITE 200

(Street)

BAY HARBOR ISLANDS FLORIDA 33154

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LANDS' END, INC. [ LE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	04/01/2026		S		1,300,505	D	$45(1)	15,813,925	D(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. 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.

	EDWARD S. LAMPERT, By: /s/ Edward S. Lampert	04/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Edward S. Lampert report in his latest Form 4 for LE?

Edward S. Lampert reported selling 1,300,505 shares of Lands' End common stock at $45.00 per share in a cash tender offer. The transaction was classified as an open-market or private sale pursuant to the offer by LEWHP, LLC.

How many Lands' End (LE) shares does Edward S. Lampert hold after the sale?

After the reported sale, Edward S. Lampert holds 15,813,925 shares of Lands' End common stock. This total includes shares held directly and small positions in two 2015 family trusts, where he disclaims beneficial ownership except for his pecuniary interest.

At what price were the Lands' End (LE) shares sold in the tender offer?

The shares were sold at a cash price of $45.00 per share in the tender offer by LEWHP, LLC. The offer sought to purchase up to 2,222,222 outstanding shares of Lands' End common stock on specified terms and conditions.

Was Edward S. Lampert’s transaction in Lands' End (LE) an open-market sale?

Yes. The Form 4 classifies the transaction as an open-market sale (code S), described as a sale in open market or private transaction. The sale occurred through participation in a cash tender offer at $45.00 per share for Lands' End stock.

How are the family trust holdings disclosed in the Lampert Form 4 for LE?

The filing notes 3,503 shares held by each of two 2015 family trusts. Lampert may be deemed a beneficial owner of these securities but disclaims beneficial ownership except for his pecuniary interest, a common legal disclosure for indirect family holdings.

What tender offer details are disclosed related to Lands' End (LE) shares?

The transaction relates to a tender offer by LEWHP, LLC to purchase up to 2,222,222 outstanding shares of Lands' End common stock for $45.00 per share in cash. Terms are set forth in an Offer to Purchase dated February 26, 2026.