[Form 4] Mama's Creations, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing overview: Liberty 77 Capital L.P. and related entities — including Liberty 77 Fund L.P., Liberty 77 Fund International L.P., Liberty 77 Capital Partners L.P., Liberty Capital L.L.C., STM Partners LLC and Steven T. Mnuchin — reported two open-market purchases of Lionsgate Studios Corp. (Ticker: LION) common shares.

• Transaction dates: 07/07/2025 and 07/09/2025
• Total shares acquired: 572,089
• Weighted-average prices: $5.63 on 07/07/2025 (range $5.59-$5.65) and $5.5876 on 07/09/2025 (range $5.55-$5.60)
• Post-transaction ownership: 37,548,125 common shares held indirectly
• Ownership status: Reporting persons remain 10% owners of the issuer

The Form clarifies that each reporting person disclaims beneficial ownership beyond their pecuniary interest. All shares are held by the Cayman-based Liberty Funds, for which Liberty 77 Capital acts as investment manager. Steven T. Mnuchin is president of STM Partners LLC, which indirectly controls the Liberty Manager and the Liberty Funds.

No derivative securities were reported, and there were no dispositions. The filing does not reference a Rule 10b5-1 trading plan. Signatures are incorporated by reference in Exhibit 99.1 and were dated 07/09/2025.

Positive

• 572,089 common shares purchased across two transactions at market prices around $5.60, indicating additional capital deployed into LION.
• Total indirect holdings rise to 37,548,125 shares, maintaining 10% owner status and reinforcing substantial insider alignment.

Negative

• None.

Insights

Financial Analyst

TL;DR: 10% owner Liberty 77 bought 572k LION shares, lifting stake to 37.55 M.

Impact assessment: Insider purchases by a control holder often draw investor attention. Here, Liberty 77 invested roughly US$3.2 million (derived from disclosed share counts and weighted prices) across two sessions, modestly increasing its already sizeable position. The absence of sales or derivative activity suggests a net accumulation stance. Given their 10%-plus ownership threshold, the transactions are material for monitoring but do not alter control dynamics. Overall, the filing is impactful because it confirms continued capital commitment from a strategic shareholder.

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^*

Janeway Dean

(Last) (First) (Middle)

25 BRANCA ROAD

(Street)

EAST RUTHERFORD NJ 07073

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Mama's Creations, Inc. [ MAMA ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2025

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

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

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

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	07/07/2025		A		4,500(1)	A	(2)	345,219	D
Common Stock								15,894	I	See footnote(3)

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. Restricted stock units ("RSUs") scheduled to vest with respect to 1,125 shares of common stock on each of July 31, 2025, October 31, 2025, January 31, 2026, and April 30, 2026, unless earlier accelerated or terminated pursuant to their terms.

2. Each RSU represents a contingent right to receive one share of MAMA common stock.

3. Shares owned by Mary Janeway & Dean Janeway Jt. Ten.

	/s/ Christina M. Lidondici, attorney in fact for Dean Janeway	07/09/2025
	** 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.

FAQ

How many Lionsgate Studios (LION) shares did Liberty 77 purchase in July 2025?

A total of 572,089 common shares were purchased on 07/07/2025 and 07/09/2025.

What prices were paid for the newly acquired LION shares?

Weighted-average prices were $5.63 (range $5.59-$5.65) and $5.5876 (range $5.55-$5.60) for the respective trade dates.

What is Liberty 77’s total ownership in Lionsgate Studios after the transactions?

Post-transaction, Liberty 77 entities indirectly own 37,548,125 common shares of LION.

Who signed the Form 4 on behalf of the reporting persons?

Signatures are provided in Exhibit 99.1; the report is dated 07/09/2025.

Did the filing mention the use of a Rule 10b5-1 trading plan?

No. The Form 4 does not indicate that these trades were executed under a Rule 10b5-1 plan.