Yakira Capital Management, Inc. 4
4 · Seritage Growth Properties · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Seritage (SRG-PA) 10% Owner Yakira Capital Sells 27,150 Shares
What Happened Yakira Capital Management, Inc., reported as a 10% owner (acting as investment advisor to related funds), sold 27,150 shares of Seritage Growth Properties (SRG-PA) in an open-market/private sale on March 31, 2026 at $23.95 per share, for a total proceeds of approximately $650,243. This was a disposition (sale) of shares rather than a purchase or option exercise.
Key Details
- Transaction date: 2026-03-31; Price: $23.95; Shares sold: 27,150; Total value ≈ $650,243.
- Form 4 filed: 2026-04-01 (appears timely relative to the transaction date).
- Shares owned after the transaction: Not specified in the provided filing.
- Footnote: Yakira Capital is the investment advisor to Yakira Partners, Yakira Enhanced Offshore Fund Ltd., and MAP 136 Segregated Portfolio, and has sole voting and investment discretion over the reported securities; it disclaims beneficial ownership except for any pecuniary interest.
- Transaction code: S (sale).
Context This filing reflects institutional selling by a reported 10% owner (via advisory accounts/funds), not a direct officer or director insider trade. Institutional dispositions can be routine portfolio management and don’t necessarily indicate management sentiment. No option exercises, awards, gifts, 10b5-1 plans, or tax-withholding notes were indicated in the provided information.
Insider Transaction Report
- Sale
7.00% Series A Cumulative Redeemable Preferred Shares
[F1]2026-03-31$23.95/sh−27,150$650,243→ 257,618 total(indirect: See Footnote)
Footnotes (1)
- [F1]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.