Form 4 for PLCE Childrens Place, Inc.
Accepted 2025-02-07 00:00:00 ET · period of report 2025-02-06 · accession 0001104659-25-010347 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-02-07 | 2025-02-06 | PLCE | Seemab Muhammad Asif | Dir, 10% | X - OptEx | $9.75 | +1.64M | 13.70M | +14% | +$15.99M |
| D | 2025-02-07 | 2025-02-06 | PLCE | Seemab Muhammad Asif | Dir, 10% | X - OptEx | $0.00 | -1.64M | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-02-06 | X | A | 1,639,743 | $9.75 | 13,696,819 | D | — | — | (F5) Represents the shares of Common Stock acquired by Mithaq as a result of its exercise of its over-subscription privilege received pursuant to the Issuer's previously announced rights offering that expired on January 31, 2025. Final pro rata allocations and adjustments to share entitlement pursuant to the over-subscription privilege were announced by the Issuer on February 6, 2025. (F1) In addition to Mithaq Capital SPC, a segregated portfolio company organized under the laws of the Cayman Islands ("Mithaq"), this Form 4 is being filed jointly by Mithaq Global, a company organized under the laws of the Cayman Islands ("Mithaq Global"), Mithaq Capital, a company organized under the laws of the Cayman Islands ("Mithaq Capital"), Turki Saleh A. AlRajhi, a citizen of Saudi Arabia, Muhammad Asif Seemab, a citizen of Pakistan, and Snowball Compounding Ltd., an exempted company organized under the laws of the Cayman Islands ("Snowball", and together with Mithaq, Mithaq Global, Mithaq Capital, Turki Saleh A. AlRajhi and Muhammad Asif Seemab, the "Reporting Persons"), each of whom has the same business address as Mithaq and may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). (F4) Mithaq, as a controlled affiliate of Mithaq Capital and Mithaq Capital, as the investment advisor for Mithaq and as a controlled affiliate of Mithaq Global, may each be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. AlRajhi's position as a director of Mithaq, Mithaq Global and Mithaq Capital, Mr. AlRajhi may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. Seemab's position as director of Mithaq and director and managing director of Mithaq Capital, Mr. Seemab may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. Each of the Reporting Persons disclaims any beneficial ownership of any of the Subject Securities, except to the extent of any pecuniary interest therein. (F2) The amount reflected in Column 5 reflects 1,722 shares of the Issuer's common stock, par value $0.10 per share (the "Common Stock") held directly by Snowball, a wholly owned subsidiary of Mithaq. (F3) Mithaq and Mithaq Global are investment vehicles for certain members of the AlRajhi family, of which Turki Saleh A. AlRajhi is a member, and select other eligible investors that are employed by Mithaq or its affiliates. Mithaq is a controlled affiliate of Mithaq Capital. Mithaq Capital is a controlled affiliate of Mithaq Global, and acts as investment advisor for Mithaq. |
| 2 | Derivative | Subscription Rights (right to buy) | 2025-02-06 | X | D | 1,639,743 | $0.00 | 0 | D | $9.75 · 2024-12-31 to 2025-02-06 | 1,639,743 Common Stock |