Union Square reports 6.19% Sportsman’s Warehouse (SPWH) ownership

Rhea-AI Filing Summary

Union Square Park Partners and related entities have filed an amended Schedule 13G disclosing a passive stake in Sportsman's Warehouse Holdings, Inc. common stock. The group, including Union Square Park Partners, LP, Union Square Park Capital Management, LLC, Union Square Park GP, LLC and Leon Zaltzman, reports beneficial ownership of 2,383,059 shares, representing 6.19% of the common stock as of December 31, 2025.

According to the filing, 2,378,681 shares are subject to shared voting and dispositive power, while 4,378 shares are held with sole voting and dispositive power by Mr. Zaltzman. The certification states that the securities were not acquired and are not held for the purpose of changing or influencing control of the company.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

SPORTSMAN'S WAREHOUSE HOLDINGS, INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

84920Y106

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 84920Y106

1

Names of Reporting Persons

Union Square Park Partners, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,378,681.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,378,681.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,378,681.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.18 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 84920Y106

1

Names of Reporting Persons

Union Square Park Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,378,681.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,378,681.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,378,681.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.18 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 84920Y106

1

Names of Reporting Persons

Union Square Park GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,378,681.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,378,681.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,378,681.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.18 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 84920Y106

1

Names of Reporting Persons

Leon Zaltzman

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 4,378.00
6	Shared Voting Power 2,378,681.00
7	Sole Dispositive Power 4,378.00
8	Shared Dispositive Power 2,378,681.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,383,059.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.19 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
(b)	Address of issuer's principal executive offices: 1475 WEST 9000 SOUTH, SUITE A, WEST JORDAN, UT, 84088
Item 2.
(a)	Name of person filing: Union Square Park Partners, LP Union Square Park Capital Management, LLC Union Square Park GP, LLC Leon Zaltzman
(b)	Address or principal business office or, if none, residence: Union Square Park Partners, LP, 1120 Avenue of the Americas, Suite 1502, New York, NY, 10036 Union Square Park Capital Management, LLC,1120 Avenue of the Americas, Suite 1502, New York, NY, 10036 Union Square Park GP, LLC, 1120 Avenue of the Americas, Suite 1502, New York, NY, 10036 Leon Zaltzman, 1120 Avenue of the Americas, Suite 1502, New York, NY, 10036
(c)	Citizenship: Please refer to Item 4 on each cover sheet for each filing person.
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 84920Y106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,383,059
(b)	Percent of class: 6.19%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 4,378
	(ii) Shared power to vote or to direct the vote: 2,378,681
	(iii) Sole power to dispose or to direct the disposition of: 4,378
	(iv) Shared power to dispose or to direct the disposition of: 2,378,681
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Union Square Park Partners, LP

Signature:	/s/ Leon Zaltzman
Name/Title:	Leon Zaltzman - Managing Member of the General Partner
Date:	01/27/2026

Union Square Park Capital Management, LLC

Signature:	/s/ Leon Zaltzman
Name/Title:	Leon Zaltzman - Managing Member
Date:	01/27/2026

Union Square Park GP, LLC

Signature:	/s/ Leon Zaltzman
Name/Title:	Leon Zaltzman - Managing Member
Date:	01/27/2026

Leon Zaltzman

Signature:	/s/ Leon Zaltzman
Name/Title:	Leon Zaltzman
Date:	01/27/2026

Exhibit Information

JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. Dated: January 27th, 2026 Union Square Park Partners, LP By: /s/ Leon Zaltzman Name: Leon Zaltzman Title: Managing Member of the General Partner Union Square Park Capital Management, LLC By: /s/ Leon Zaltzman Name: Leon Zaltzman Title: Managing Member Union Square Park GP, LLC By: /s/ Leon Zaltzman Name: Leon Zaltzman Title: Managing Member Leon Zaltzman /s/ Leon Zaltzman Name: Leon Zaltzman

FAQ

What stake in SPWH does Union Square Park report in this Schedule 13G/A?

Union Square Park and related entities report beneficial ownership of 2,383,059 shares of Sportsman's Warehouse common stock, representing 6.19% of the outstanding class as of December 31, 2025, according to the amended Schedule 13G filing.

Who are the reporting persons in the SPWH Schedule 13G/A filing?

The reporting persons are Union Square Park Partners, LP, Union Square Park Capital Management, LLC, Union Square Park GP, LLC, and Leon Zaltzman. They jointly report their beneficial ownership and sign a joint filing statement under Rule 13d-1(k).

How much voting power over SPWH shares does Leon Zaltzman report?

Leon Zaltzman reports sole voting power over 4,378 shares and shared voting power over 2,378,681 shares of Sportsman's Warehouse common stock, matching his reported aggregate beneficial ownership of 2,383,059 shares, or 6.19% of the class.

Is the Union Square Park stake in SPWH reported as passive or activist?

The stake is reported as passive. The certification states the securities were not acquired and are not held to change or influence control of Sportsman's Warehouse, and are not part of a control-related transaction, other than activities tied to nomination rules mentioned.

What date is used for calculating Union Square Park’s SPWH ownership?

The ownership is calculated as of December 31, 2025, which is listed as the date of the event requiring the Schedule 13G/A filing. The 6.19% beneficial ownership percentage is tied to that reference date for the common stock.

What type of securities in SPWH are covered by this Schedule 13G/A?

The filing covers Common Stock of Sportsman's Warehouse Holdings, Inc., with a par value of $0.01 per share and CUSIP 84920Y106. All reported ownership percentages and share amounts relate to this class of securities.