Lands' End (LE) director tenders 840 shares in $45 cash offer

Rhea-AI Filing Summary

LANDS' END, INC. director John McClain reported selling a total of 840 shares of common stock at $45.00 per share on April 1, 2026, in transactions coded as open-market sales but executed pursuant to a tender offer by LEWHP, LLC.

The sales included 832 shares held indirectly through an IRA and 8 shares held directly. Following these transactions, McClain’s reported holdings total 10,122 indirectly held shares and 92 directly held shares of Lands' End common stock.

Insider Trade Summary

Net Seller: 840 shares ($37,800)

Net Sell 2 txns

Insider MCCLAIN JOHN

Role Director

Sold 840 shs ($38K)

Type	Security	Shares	Price	Value
Sale	Common Stock	832	$45.00	$37K
Sale	Common Stock	8	$45.00	$360.00

Holdings After Transaction: Common Stock — 10,122 shares (Indirect, By IRA); Common Stock — 92 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold (IRA): 832 shares Shares sold (direct): 8 shares Sale price per share: $45.00 per share +3 more

6 metrics

Shares sold (IRA) 832 shares Common Stock sold indirectly via IRA on April 1, 2026

Shares sold (direct) 8 shares Common Stock sold directly on April 1, 2026

Sale price per share $45.00 per share Price for all reported Common Stock sales

Remaining indirect holdings 10,122 shares Indirectly held Common Stock after transactions

Remaining direct holdings 92 shares Directly held Common Stock after transactions

Tender offer capacity 2,222,222 shares Maximum Lands' End shares LEWHP, LLC offered to purchase

Key Terms

tender offer, IRA, Offer to Purchase, Letter of Transmittal

4 terms

tender offer financial

"Shares sold pursuant to the tender offer by LEWHP, LLC, a wholly owned indirect subsidiary"

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.

IRA financial

"Shares sold were held indirectly with nature of ownership described as By IRA"

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

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

"as amended, 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.

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^*

MCCLAIN JOHN

(Last) (First) (Middle)

5 LANDS' END LANE

(Street)

DODGEVILLE WISCONSIN 53595

(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)

X	Director		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	04/01/2026		S		832	D	$45(1)	10,122	I	By IRA
Common Stock	04/01/2026		S		8	D	$45(1)	92	D

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 the Registrant, 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.

	/s/ Peter L. Gray, as Attorney-in-Fact for John T. McClain	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 insider transactions did Lands' End (LE) director John McClain report?

John McClain reported selling 840 shares of Lands' End common stock at $45.00 per share on April 1, 2026. The transactions were reported as sales and executed pursuant to a tender offer by LEWHP, LLC for shares of the company.

How many Lands' End (LE) shares did John McClain sell from his IRA and direct holdings?

McClain sold 832 Lands' End shares held indirectly through an IRA and 8 shares held directly. These sales were all priced at $45.00 per share and were made in connection with the LEWHP, LLC tender offer for company common stock.

What are John McClain’s remaining Lands' End (LE) share holdings after the Form 4 transactions?

After the reported sales, McClain’s remaining Lands' End holdings include 10,122 shares held indirectly and 92 shares held directly. These figures reflect his position immediately following the April 1, 2026 tender-offer-related transactions disclosed in the Form 4.

At what price were the Lands' End (LE) shares sold in John McClain’s Form 4 filing?

All 840 Lands' End shares reported sold by John McClain were transacted at $45.00 per share. The filing notes that the sales occurred pursuant to a tender offer by LEWHP, LLC to purchase outstanding shares of the company’s common stock for cash.

Was John McClain’s Lands' End (LE) stock sale part of a tender offer?

Yes. The footnote explains that the shares were sold pursuant to a tender offer by LEWHP, LLC to purchase up to 2,222,222 Lands' End common shares at $45.00 per share, under the terms described in an Offer to Purchase and related Letter of Transmittal.

How many total Lands' End (LE) shares did the LEWHP, LLC tender offer seek to purchase?

The tender offer by LEWHP, LLC sought to purchase up to 2,222,222 outstanding shares of Lands' End common stock. The offer price was $45.00 per share in cash, under the terms and conditions set forth in the Offer to Purchase dated February 26, 2026.