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Filing Details

Accession Number:: 0000950170-24-137973
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-12-18 17:00:22
Reporting Period:: 2024-12-16

Accepted Time:: 2024-12-18 17:00:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1634117	Barnes & Noble Education Inc.	BNED	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1123356	Michael Rubin	225 Washington Street, 3Rd Floor Conshohocken PA 19428	No	No	No	No
1769965	Fanzzlids Holdings, Llc	95 Morton Street New York NY 10014	No	No	No	No
2028233	Fanatics Lids College, Inc	95 Morton Street New York NY 10014	No	No	No	No
2028257	Lids Holdings, Inc.	95 Morton Street New York NY 10014	No	No	No	No
2028259	Toplids Lendco, Llc	95 Morton Street New York NY 10014	No	No	No	No
2028865	Fanatics Leader Topco, Inc.	95 Morton Street New York NY 10014	No	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2024-12-16	1,500,000	$11.25	2,976,614	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

This Form 4 is filed jointly by Lids Holdings, Inc. ("Lids Holdings"), TopLids LendCo, LLC ("TopLids"), Fanatics Leader Topco, Inc. ("Fanatics LTI"), Fanatics Lids College, Inc. ("Fanatics Lids"), FanzzLids Holdings, LLC ("FanzzLids"), and Michael G. Rubin (collectively, the "Reporting Persons"). The Reporting Persons constitute a group for purposes of Section 13(d) of the Securities Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
Following the reported transaction, 0 shares of Common Stock reported herein are held by Lids Holdings, which is a wholly owned subsidiary of FanzzLids. The majority member of FanzzLids is Fanatics Leader Holdings, LLC ("Fanatics Leader LLC"). The sole member of Fanatics Leader LLC is Fanatics LTI. Kynetic F, LLC ("Kynetic"), on account of its share of the ownership of the voting securities of Fanatics Holdings, Inc., which indirectly owns 100% of the outstanding capital stock of Fanatics LTI, indirectly owns a controlling percentage of the outstanding voting securities of Fanatics LTI. Mr. Rubin is the managing member of Kynetic and as such may ultimately be deemed the beneficial owner of the shares of Common Stock held by Lids Holdings.
(continued from footnote 2) Following the reported transaction, 11,539 shares of Common Stock reported herein are held by Fanatics LTI. As a result of the ownership structures noted above, Mr. Rubin may ultimately be deemed the beneficial owner of the shares of Common Stock held by Fanatics LTI. Following the reported transaction, 4,608 shares of Common Stock reported herein are held by Fanatics Lids, which is a wholly owned subsidiary of FanzzLids. The majority member of FanzzLids is Fanatics Leader LLC. As a result of the ownership structures noted above, Mr. Rubin may ultimately be deemed the beneficial owner of the shares of Common Stock held by Fanatics Lids. Following the reported transactions, 2,960,467 shares of Common Stock reported herein are held by TopLids, which is a wholly owned subsidiary of FanzzLids. As a result of the ownership structures noted above, Mr. Rubin may ultimately be deemed the beneficial owner of the shares of Common Stock held by TopLids.
Common Stock was sold in open market transactions for the accounts of Lids Holdings and TopLids. Fanatics LTI, Fanatics Lids, FanzzLids, Michael G. Rubin, Fanatics Leader LLC and Kynetic did not sell any Common Stock.