Yakira Capital Management, Inc. 4

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.