Sotheby’s (BID) Stock: Marcato Capital Agrees To Sell 2.05 Million Shares Back to Auctioneer

Page 2 of 9 – SEC Filing

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CUSIP No. 835898107

1		Names of reporting persons MARCATO CAPITAL MANAGEMENT LP
2		Check the appropriate box if a member of a group (see instructions) a.  ☐        b.  ☒
3		SEC use only
4		Source of funds (see instructions) AF
5		Check box if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)    ☐
6		Citizenship or place of organization DELAWARE
Number of shares beneficially owned by each reporting person with				7		Sole voting power 0
				8		Shared voting power 2,620,048
				9		Sole dispositive power 0
				10		Shared dispositive power 2,620,048
11		Aggregate amount beneficially owned by each reporting person 2,620,048
12		Check box if the aggregate amount in Row (11) excludes certain shares (see instructions)    ☐
13		Percent of class represented by amount in Row (11) 4.9%
14		Type of reporting person (see instructions) IA