[S-8] Tilly's Inc. Employee Benefit Plan Registration

Rhea-AI Filing Summary

Form 144 filing: A security holder of Northern Trust Corp. (NTRS) intends to sell up to 23,559 common shares through Northern Trust Securities on or about 25 Jul 2025 on NASDAQ. The proposed sale carries an aggregate market value of $3.03 million and represents only ≈0.012 % of the 194.54 million shares outstanding, indicating limited dilution risk.

The shares derive from four prior vesting events: 3,447 shares (22 Jan 2018), 5,156 (20 Jan 2021), 5,015 (1 Mar 2022) and 9,941 (18 Jan 2023). The filer reports no other sales in the past three months. By signing, the seller affirms no undisclosed material adverse information and acknowledges potential criminal liability for false statements.

Insights

Securities Analyst

TL;DR: Small insider sale (0.012 % float, $3 M) appears routine; negligible fundamental impact on NTRS.

The planned disposition of 23,559 shares is modest relative to Northern Trust’s capitalization and daily trading volume, suggesting liquidity management rather than a signal on fundamentals. Absence of recent sales and the vesting-award origin support a routine diversification motive. Market impact should be minimal unless followed by larger sequential filings.

As filed with the Securities and Exchange Commission on July 25, 2025

Registration No. 333-            

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

Tilly’s, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware						45-2164791
(State or Other Jurisdiction of Incorporation or Organization)						(I.R.S. Employer Identification Number)

10 Whatney

Irvine, California 92618

(Address of Principal Executive Offices including Zip Code)

Tilly’s, Inc. Third Amended and Restated 2012 Equity and Incentive Award Plan

(Full Title of the Plan)

Hezy Shaked President and Chief Executive Officer Tilly’s, Inc. 10 Whatney Irvine, California 92618 (949) 609-5599 Copy to: Darren Guttenberg Latham & Watkins LLP 650 Town Center Drive, 20th Floor Costa Mesa, California 92626-1925 (714) 540-1235

(Name and Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer

¨

Accelerated filer

ý

Non-accelerated filer

¨

Smaller reporting company

ý

Emerging growth company

¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ¨

INTRODUCTION

On June 11, 2025, the stockholders of Tilly’s, Inc. (the “Company,” the “Registrant,” “we” or “us”) approved the Tilly’s, Inc. Third Amended and Restated 2012 Equity and Incentive Award Plan (the “Plan”), which amended and restated the Tilly’s, Inc. Second Amended and Restated 2012 Equity and Incentive Award Plan to, among other things, increase the number of authorized shares of the Registrant’s Class A common stock, par value $0.001 per share (the “Common Stock”), available for issuance pursuant to awards that may be granted under the Plan by 2,000,000 shares. The Registrant is filing this registration statement (this “Registration Statement”) on Form S-8 to register such additional shares.

The Plan currently authorizes the issuance of 8,613,900 shares of Common Stock, of which 2,000,000 shares of Common Stock are being registered hereunder, 2,200,000 shares of Common Stock were registered previously on a Form S-8 filed with the Securities and Exchange Commission (the “Commission”) on July 8, 2020 (File No. 333-239756), 1,500,000 shares of Common Stock were registered previously on a Form S-8 filed with the Commission on September 10, 2014 (File No. 333-198676), and 2,913,900 shares of Common Stock were registered previously on a Form S-8 filed with the Commission on May 4, 2012 (File No. 333-181148) (the “Prior Registration Statements”). In accordance with General Instruction E of Form S-8, the contents of the Prior Registration Statements are incorporated herein by reference to the extent not modified or superseded hereby or by any subsequently filed document that is incorporated by reference in this Registration Statement or in the Prior Registration Statements.

PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

The documents containing the information specified in Part I of Form S-8 will be sent or given to participants in accordance with Rule 428(b)(1) under the Securities Act. In accordance with the rules and regulations of the Commission and the instructions to Form S-8, such documents are not being filed with the Commission either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act. Such documents and the documents incorporated by reference into this Registration Statement pursuant to Item 3 of Part II of this Registration Statement, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference.

The Commission allows us to “incorporate by reference” the information we file with them, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be part of this registration statement, and later information filed with the Commission will update and supersede this information. We hereby incorporate by reference into this registration statement the following documents previously filed with the Commission:

a.Our Annual Report on Form 10-K for the fiscal year ended February 1, 2025, filed with the Commission on April 10, 2025;

b.Our Quarterly Report on Form 10-Q for the quarter ended May 3, 2025, filed with the Commission on June 5, 2025;

c.Our Current Reports on Form 8-K filed with the Commission on March 28, 2025, and June 11, 2025, in each case solely to the extent filed and not furnished;

d.All other reports filed pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), subsequent to the end of the fiscal year covered by the form referred to in (a) above (excluding, in each case, any such information furnished pursuant to any such reports); and

e.The description of our common stock set forth in Exhibit 4.2 to our Annual Report on Form 10-K for the fiscal year ended February 1, 2025, filed with the Commission on April 10, 2025, and any amendment or report filed with the Commission for the purpose of updating the description.

In addition, all documents filed by us with the Commission pursuant to Section 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the filing of this registration statement and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which de-registers all securities then remaining unsold shall be deemed to be incorporated by reference into this registration statement and to be a part hereof from the date of filing such documents, except as to specific sections of such statements as set forth therein. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement contained herein shall be deemed to be modified or superseded for purposes of this registration statement to the extent that a statement contained in any subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.

Under no circumstances shall any information furnished under Item 2.02 or 7.01 of Form 8-K be deemed incorporated herein by reference unless such Form 8-K expressly provides to the contrary.

Item 8. Exhibits

EXHIBIT
3.1						Amended and Restated Certificate of Incorporation of Tilly’s, Inc. (incorporated by reference to Exhibit 3.1 to Amendment No. 2 to the Registrant’s Registration Statement on Form S-1 (File No. 333-175299) filed on September 7, 2011).
3.2						Fourth Amended and Restated Bylaws of Tilly’s, Inc. (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on March 7, 2024).
4.1						Form of Class A Common Stock Certificate (incorporated by reference to Exhibit 3.1 to the Registrant’s Current Report on Form 8-K filed on June 11, 2020).
4.2						Description of Tilly’s, Inc. Securities (incorporated by reference to Exhibit 4.2 to the Registrant’s Annual Report on Form 10-K for the period ended February 1, 2020).
5.1*						Opinion of Latham & Watkins LLP.
10.1						Tilly’s Inc. Third Amended and Restated 2012 Equity and Incentive Award Plan (incorporated by reference to Appendix A of the Registrant’s Definitive Proxy Statement filed on April 21, 2025).
23.1*						Consent of BDO USA, LLP, Independent Registered Public Accounting Firm.
23.2*						Consent of Latham & Watkins LLP (contained in Exhibit 5.1).
24.1*						Power of Attorney (included in the signature page to this registration statement).
107.1						Filing Fee Table

* Filed herewith.

SIGNATURES

In accordance with the requirements of the Securities Act of 1933, Tilly’s, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused and authorized the officers whose signatures appear below to sign this registration statement on its behalf, in the City of Irvine, State of California on July 25, 2025.

			TILLY’S, INC.
By:			/s/ Michael Henry
			Michael Henry Executive Vice President, Chief Financial Officer

POWER OF ATTORNEY

Each person whose signature appears below hereby authorizes and appoints Hezy Shaked and Michael Henry as attorneys-in-fact and agents, each acting alone, with full powers of substitution to sign on his behalf, individually and in the capacities stated below, and to file any and all amendments, including post-effective amendments, to this registration statement and other documents in connection with the registration statement, with the Commission, granting to those attorneys-in-fact and agents full power and authority to perform any other act on behalf of the undersigned required to be done.

In accordance with the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated as of July 25, 2025.

Signature						Title
/s/  Hezy Shaked						Co-Founder, Executive Chairman, President and Chief Executive Officer (Principal Executive Officer)
Hezy Shaked
/s/  Michael L. Henry						Executive Vice President, Chief Financial Officer (Principal Financial Officer)
Michael L. Henry
/s/  Teresa Aragones						Director
Teresa Aragones
/s/  Doug Collier						Director
Doug Collier
/s/  Seth Johnson						Director
Seth Johnson
/s/  Janet Kerr						Director
Janet Kerr
/s/  Michael Relich						Director
Michael Relich

FAQ

How many Northern Trust (NTRS) shares are being sold under this Form 144?

The filer plans to sell 23,559 common shares.

What is the aggregate market value of the proposed NTRS share sale?

The filing lists an aggregate market value of $3,033,457.

When is the approximate sale date for the NTRS shares?

The filer targets 25 July 2025 for the transaction.

What percentage of Northern Trust’s shares outstanding does the sale represent?

Approximately 0.012 % of the 194.54 million shares outstanding.

How were the shares being sold originally acquired?

All shares came from vested stock awards granted and vested between 2018 and 2023.

Have there been any other NTRS sales by this filer in the past three months?

No. The form states "Nothing to Report" for prior three-month sales.