Long Focus Capital (TLYS) files 13G showing 0% Class A stake

Rhea-AI Filing Summary

Long Focus Capital Management, LLC and John Helmers reported their Schedule 13G for Class A Common Stock of TILLY'S, INC. (CUSIP 886885102). The filing states they directly own no Class A Common Stock and identifies ownership as 5% or less, with the snapshot taken as of March 31, 2026.

Key Figures

CUSIP: 886885102 Ownership snapshot date: March 31, 2026 Direct shares owned: 0.00 shares +3 more

6 metrics

CUSIP 886885102 Class A Common Stock identification

Ownership snapshot date March 31, 2026 as of close of business

Direct shares owned 0.00 shares Long Focus Capital Management, LLC and John Helmers directly own no Class A Common Stock

Sole voting power 0.00 Row (5) cover-page figures as of March 31, 2026

Shared dispositive power 0.00 Row (8) cover-page figures as of March 31, 2026

Signature date May 15, 2026 Signed by John Helmers

Key Terms

Schedule 13G, dispositive power, beneficially owned, CUSIP

4 terms

Schedule 13G regulatory

"Item 1. Name of issuer: TILLY'S, INC.; form identified as Schedule 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

dispositive power financial

"Pursuant to investment management agreements... maintains dispositive and voting power"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

beneficially owned regulatory

"Amount beneficially owned: The information required by Item 4(a) is set forth in Row (9)"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

CUSIP financial

"Class A Common Stock 886885102"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

TILLY'S, INC.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

886885102

(CUSIP Number)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 886885102

1

Names of Reporting Persons

LONG FOCUS 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 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 886885102

1

Names of Reporting Persons

JOHN HELMERS

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 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TILLY'S, INC.
(b)	Address of issuer's principal executive offices: 10 Whatney Irvine, CA 92618
Item 2.
(a)	Name of person filing: LONG FOCUS CAPITAL MANAGEMENT LLC JOHN HELMERS
(b)	Address or principal business office or, if none, residence: 207 CALLE DEL PARQUE A&M TOWER, 8TH FLOOR SAN JUAN, PR 00912
(c)	Citizenship: Long Focus Capital Management, LLC, a Delaware single member limited liability company; and John Helmers, a United States citizen.
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP Number(s): 886885102
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: The information required by Item 4(a) is set forth in Row (9) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. Such information is as of the close of business on March 31, 2026. Long Focus Capital Management, LLC and John Helmers directly own no Class A Common Stock. Pursuant to investment management agreements with its clients, Long Focus Capital Management, LLC maintains dispositive and voting power with respect to the securities held in its clients' accounts. John Helmers controls Long Focus Capital Management, LLC.
(b)	Percent of class: The information required by Item 4(b) is set forth in Row (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. Such information is as of the close of business on March 31, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row (5) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. Such information is as of the close of business on March 31, 2026.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row (6) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. Such information is as of the close of business on March 31, 2026.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row (7) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. Such information is as of the close of business on March 31, 2026.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row (8) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person. Such information is as of the close of business on March 31, 2026.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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 acquired and are held in the ordinary course of business and 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.

LONG FOCUS CAPITAL MANAGEMENT, LLC

Signature:	/s/ John Helmers
Name/Title:	Managing Member
Date:	05/15/2026

JOHN HELMERS

Signature:	/s/ John Helmers
Name/Title:	John Helmers
Date:	05/15/2026

FAQ

What stake did Long Focus Capital report in TLYS Class A stock?

They reported direct ownership of no Class A Common Stock. The filing states ownership is in the category 5 percent or less with figures taken as of March 31, 2026.

Does John Helmers personally own Tilly's Class A shares according to the filing?

The filing states John Helmers directly owns no Class A Common Stock. He is listed as controlling Long Focus Capital Management, LLC and signed the Schedule 13G on May 15, 2026.

What voting or dispositive power does Long Focus Capital claim over TLYS shares?

The cover rows referenced in the filing show 0.00 sole and shared voting power and 0.00 sole and shared dispositive power as of March 31, 2026, per the Schedule 13G entries.

What date is the ownership information in the Schedule 13G based on?

The ownership information is expressly tied to the close of business on March 31, 2026. The signatures on the filing are dated May 15, 2026.

Why does Long Focus file a Schedule 13G if it reports no direct holdings?

The filing explains Long Focus maintains dispositive and voting power for client accounts under investment management agreements; it reports that the reporting persons directly own no Class A Common Stock as of the stated date.