Shay Capital LLC 4

What Happened

• Shay Capital LLC, reported as a 10% owner, sold 20,000 shares of Tilly's, Inc. (TLYS) on 2026-03-20. The shares were sold at $3.70 per share for total proceeds of $74,074. The Form 4 was filed on 2026-03-24. This was a sale (not a purchase); sales are often routine and do not necessarily signal a change in company outlook.

Key Details

• Transaction date and price: 2026-03-20 — 20,000 shares at $3.70 each.
• Total proceeds: $74,074.
• Transaction type code: S (sale); reported as an open-market or private sale on the form.
• Filing date/timeliness: Form 4 filed 2026-03-24 — filed within the typical two business‑day window following the transaction.
• Shares owned after transaction: Not specified in the filing (amount beneficially owned following the transaction not provided).
• Remark: Shay Capital Holdings LLC, as sole manager of Shay Capital LLC, may be deemed to beneficially own the shares reported; Shay Capital Holdings LLC otherwise does not beneficially own other common stock or derivatives of the issuer.
• No 10b5-1 plan, option exercise, gift, or tax-withholding notation was reported.

Context

• This trade was by a 10% institutional owner, not an officer or director. Institutional insider sales can reflect portfolio management or liquidity needs and do not by themselves indicate company performance. Because the filing does not state the remaining holdings, you cannot infer how much of the position was liquidated.