Edward S. Lampert Decreases Stake in Lands' End, Inc. via Tender Offer Participation

On April 1, 2026, Edward S. Lampert and his affiliated entities (ESL Partners, L.P., RBS Partners, L.P., and ESL Investments, Inc.) filed an amendment to their Schedule 13D regarding Lands' End, Inc. (LE). The filing reports a decrease in holdings following the completion of a tender offer by LEWHP LLC, a subsidiary of WHP Topco. As part of the transaction, the reporting persons sold a total of 1,300,653 shares of common stock at a price of $45.00 per share. Specifically, Mr. Lampert tendered 1,299,929 shares, while associated trusts and liability accounts tendered the remainder. Following these transactions, Edward S. Lampert beneficially owns 15,815,723 shares, representing approximately 51.4% of the company's outstanding common stock. Additionally, the reporting persons entered into a Voting and Support Agreement with the issuer, agreeing to vote their remaining shares in favor of certain monetization events. This filing marks Amendment No. 31 to their original Schedule 13D.