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Lululemon Athletica | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Dennis J. Wilson(8.0%),Anamered Investments Inc.(3.7%), etc.

SEC announcement ·  Apr 27 04:34
Summary by Futu AI
On April 25, 2024, a significant filing with the Securities and Exchange Commission was made by Dennis J. Wilson, indicating a substantial ownership stake in Lululemon Athletica Inc. The filing, an amendment to Schedule 13D/A, reveals that Mr. Wilson beneficially owns 10,122,201 shares of Lululemon's common stock, representing 8.0% of the company. This ownership includes both sole and shared voting and dispositive power over millions of shares, with shared power over entities such as Anamered Investments Inc., LIPO Investments (USA) Inc., and several others. The filing also disclosed a margin loan agreement between LIPO Investments (USA) Inc. and Goldman Sachs & Co. LLC, allowing the borrower to take up to $200 million with 1,830,000 shares of Lululemon Athletica Inc. held as collateral in margin accounts. This financial maneuver could lead to the lender exercising rights to demand pre-payment, additional collateral, or even foreclosure and disposal of the shares under certain conditions.
On April 25, 2024, a significant filing with the Securities and Exchange Commission was made by Dennis J. Wilson, indicating a substantial ownership stake in Lululemon Athletica Inc. The filing, an amendment to Schedule 13D/A, reveals that Mr. Wilson beneficially owns 10,122,201 shares of Lululemon's common stock, representing 8.0% of the company. This ownership includes both sole and shared voting and dispositive power over millions of shares, with shared power over entities such as Anamered Investments Inc., LIPO Investments (USA) Inc., and several others. The filing also disclosed a margin loan agreement between LIPO Investments (USA) Inc. and Goldman Sachs & Co. LLC, allowing the borrower to take up to $200 million with 1,830,000 shares of Lululemon Athletica Inc. held as collateral in margin accounts. This financial maneuver could lead to the lender exercising rights to demand pre-payment, additional collateral, or even foreclosure and disposal of the shares under certain conditions.
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