<SEC-DOCUMENT>0000929638-25-000818.txt : 20250218
<SEC-HEADER>0000929638-25-000818.hdr.sgml : 20250218
<ACCEPTANCE-DATETIME>20250218173338
ACCESSION NUMBER:		0000929638-25-000818
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250218
DATE AS OF CHANGE:		20250218

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TILLY'S, INC.
		CENTRAL INDEX KEY:			0001524025
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-APPAREL & ACCESSORY STORES [5600]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				452164791
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0128

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-86840
		FILM NUMBER:		25636277

	BUSINESS ADDRESS:	
		STREET 1:		10 WHATNEY
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618
		BUSINESS PHONE:		(949) 609-5599

	MAIL ADDRESS:	
		STREET 1:		10 WHATNEY
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Fund 1 Investments, LLC
		CENTRAL INDEX KEY:			0001959730
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		100 CARR 115
		STREET 2:		UNIT 1900
		CITY:			RINCON
		STATE:			PR
		ZIP:			00677
		BUSINESS PHONE:		804-363-4458

	MAIL ADDRESS:	
		STREET 1:		100 CARR 115
		STREET 2:		UNIT 1900
		CITY:			RINCON
		STATE:			PR
		ZIP:			00677
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13D/A</submissionType>
<previousAccessionNumber>0000929638-23-000841</previousAccessionNumber>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001959730</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<amendmentNo>14</amendmentNo>
<securitiesClassTitle>Class A Common Stock</securitiesClassTitle>
<dateOfEvent>02/14/2025</dateOfEvent>
<previouslyFiledFlag>true</previouslyFiledFlag>
<issuerInfo>
<issuerCIK>0001524025</issuerCIK>
<issuerCUSIP>886885102</issuerCUSIP>
<issuerName>TILLY'S, INC.</issuerName>
<address>
<com:street1>10 WHATNEY</com:street1>
<com:city>IRVINE</com:city>
<com:stateOrCountry>CA</com:stateOrCountry>
<com:zipCode>92618</com:zipCode>
</address>
</issuerInfo>
<authorizedPersons>
<notificationInfo>
<personName>Barry N. Hurwitz</personName>
<personPhoneNum>617-341-7700</personPhoneNum>
<personAddress>
<com:street1>c/o Morgan, Lewis &amp; Bockius LLP</com:street1>
<com:street2>One Federal Street</com:street2>
<com:city>Boston</com:city>
<com:stateOrCountry>MA</com:stateOrCountry>
<com:zipCode>02110-1726</com:zipCode>
</personAddress>
</notificationInfo>
</authorizedPersons>
</coverPageHeader>
<reportingPersons>
<reportingPersonInfo>
<reportingPersonCIK>0001959730</reportingPersonCIK>
<reportingPersonName>Fund 1 Investments, LLC</reportingPersonName>
<fundType>AF</fundType>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>8174879</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>8174879</sharedDispositivePower>
<aggregateAmountOwned>8174879</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>35.8</percentOfClass>
<typeOfReportingPerson>OO</typeOfReportingPerson>
</reportingPersonInfo>
</reportingPersons>
<items1To7>
<item1>
<securityTitle>Class A Common Stock</securityTitle>
<issuerName>TILLY'S, INC.</issuerName>
<issuerPrincipalAddress>
<com:street1>10 WHATNEY</com:street1>
<com:city>IRVINE</com:city>
<com:stateOrCountry>CA</com:stateOrCountry>
<com:zipCode>92618</com:zipCode>
</issuerPrincipalAddress>
<commentText>This Amendment No. 13 to Schedule 13D (this "Amendment"), which is being filed voluntarily, relates to Class A Common Stock of Tilly's, Inc., a Delaware corporation (the "Issuer" or the "Company").  The address of the principal executive offices of the Issuer is 10 Whatney, Irvine, California 92618.  This Amendment is being filed by the Reporting Person to amend the Schedule 13D that was filed on March 15, 2023, as amended on April 4, 2023, April 28, 2023, June 2, 2023, June 6, 2023, December 4, 2023, January 11, 2024, February 2, 2024, March 4, 2024, March 19, 2024, July 3, 2024, January 2, 2025, January 14, 2025 and February 3, 2025 (as amended, the "Schedule 13D").  Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meaning as in the Schedule 13D.&#13;
&#13;
This amendment is being filed to amend and supplement Items 5(a) through 5(c) and Item 6 of the Schedule 13D.</commentText>
</item1>
<item5>
<percentageOfClassSecurities>Item 5(a) is hereby amended and restated as follows:&#13;
&#13;
See Items 7-13 of the cover page.</percentageOfClassSecurities>
<numberOfShares>Item 5(b) is hereby amended and restated as follows:&#13;
&#13;
See Items 7-13 of the cover page.</numberOfShares>
<transactionDesc>Item 5(c) is hereby amended and restated as follows:&#13;
&#13;
The Reporting Persons did not effect any transactions in shares of the Company's Class A Common Stock during the sixty day period prior to this filing.&#13;
&#13;
The percentage calculations herein are based upon the statement in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended November 2, 2024, as filed with the Securities and Exchange Commission on December 6, 2024, that there were 22,845,799 shares of Class A Common Stock of the Issuer outstanding as of December 4, 2024.</transactionDesc>
</item5>
<item6>
<contractDescription>Item 6 is hereby amended and restated as follows: &#13;
&#13;
Between February 5 and 18, 2025, the Reporting Person entered into certain cash-settled swap agreements with an unaffiliated third-party financial institution (the "Cash-Settled Swaps"). Collectively, such Cash-Settled Swaps held by the Reporting Person represent economic exposure to an aggregate of 253,000 notional shares of Class A Common Stock, representing approximately 1.1% of the outstanding shares of Class A Common Stock of the Issuer. Such Cash-Settled Swaps, together with Cash-Settled Swaps previously entered into by the Reporting Person, represent economic exposure to an aggregate of 1,364,349 notional shares of Class A Common Stock, representing approximately 6.0% of the outstanding shares of Class A Common Stock of the Issuer. The Cash-Settled Swaps provide the Reporting Person with economic results that are comparable to the economic results of ownership, but do not provide it with the power to vote or direct the voting, or dispose of or direct the disposition, of the shares that are subject to the Cash-Settled Swaps.&#13;
&#13;
Other than as described herein, there are no contracts, arrangements, understandings or relationships between the Reporting Person and any other person, with respect to the securities of the Issuer.</contractDescription>
</item6>
</items1To7>
<signatureInfo>
<signaturePerson>
<signatureReportingPerson>Fund 1 Investments, LLC</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Benjamin C. Cable</signature>
<title>Benjamin C. Cable, Chief Operating Officer</title>
<date>02/18/2025</date>
</signatureDetails>
</signaturePerson>
</signatureInfo>
</formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
