Yakira Capital funds sell Seritage (NYSE: SRG) 7% preferred shares

Rhea-AI Filing Summary

Seritage Growth Properties’ 7.00% Series A Cumulative Redeemable Preferred Shares saw sales by investment funds advised by Yakira Capital Management, Inc., a 10% owner. On February 6, 2026, these funds sold 810 preferred shares at $24.1043 each.

On February 9, 2026, they sold an additional 5,570 preferred shares at $24.10 each. After these transactions, 294,368 preferred shares were reported as indirectly beneficially owned. Yakira Capital Management has sole voting and investment discretion for the funds but disclaims beneficial ownership except for its pecuniary interest.

Insider Trade Summary

Net Seller: 6,380 shares ($153,761)

Net Sell 2 txns

Insider Yakira Capital Management, Inc.

Role 10% Owner

Sold 6,380 shs ($154K)

Type	Security	Shares	Price	Value
Sale	7.00% Series A Cumulative Redeemable Preferred Shares	5,570	$24.10	$134K
Sale	7.00% Series A Cumulative Redeemable Preferred Shares	810	$24.1043	$20K

Holdings After Transaction: 7.00% Series A Cumulative Redeemable Preferred Shares — 294,368 shares (Indirect, See Footnote)

Footnotes (1)

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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^*

Yakira Capital Management, Inc.

(Last) (First) (Middle)

1555 POST ROAD EAST, SUITE 202

(Street)

WESTPORT CT 06880

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Seritage Growth Properties [ SRG-PA ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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
7.00% Series A Cumulative Redeemable Preferred Shares	02/06/2026		S		810	D	$24.1043	299,938	I	See Footnote(1)
7.00% Series A Cumulative Redeemable Preferred Shares	02/09/2026		S		5,570	D	$24.1	294,368	I	See Footnote(1)

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. Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

	/s/ Nicholas Sabatini, CFO & CCO	02/09/2026
	** 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.

FAQ

What insider activity did Yakira Capital report for Seritage (SRG)?

Yakira Capital Management reported two sales of Seritage 7.00% Series A Cumulative Redeemable Preferred Shares by funds it advises, totaling 6,380 shares. These routine Form 4 transactions reflect portfolio adjustments by investment funds rather than trades by an individual executive.

What dates and prices were the Seritage preferred shares sold on?

The funds sold 810 Seritage 7.00% Series A preferred shares on February 6, 2026 at $24.1043 per share. They then sold 5,570 additional preferred shares on February 9, 2026 at $24.10 per share, according to the Form 4 disclosure.

How many Seritage preferred shares remain after these sales?

After the reported transactions, 294,368 Seritage 7.00% Series A Cumulative Redeemable Preferred Shares were indirectly beneficially owned. These shares are held by multiple investment funds for which Yakira Capital Management has voting and investment discretion as investment advisor.

Who actually holds the Seritage (SRG) shares reported on this Form 4?

The Seritage preferred shares are held by Yakira Partners, Yakira Enhanced Offshore Fund Ltd., and MAP 136 Segregated Portfolio. Yakira Capital Management acts as investment advisor with sole voting and investment discretion over these securities on behalf of the funds it manages.

Does Yakira Capital Management claim full beneficial ownership of these shares?

Yakira Capital Management expressly disclaims beneficial ownership of the Seritage preferred shares reported, except to the extent of its pecuniary interest. The disclosure clarifies that the securities belong to the advised funds, despite Yakira’s voting and investment discretion authority.

What type of security did the Yakira-advised funds sell in Seritage?

The transactions involved Seritage’s 7.00% Series A Cumulative Redeemable Preferred Shares. These are preferred equity securities paying a stated 7.00% rate, distinct from common shares, and the reported trades were routine secondary-market sales by investment funds.