SRG

SEC source: 0001104659-26-038274 · tm2610802-1_4seq1.xml · nonDerivative · entry 1

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 257,618

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0001104659-26-019260 · tm267212-1_4seq1.xml · nonDerivative · entry 2

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 284,768

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0001104659-26-019260 · tm267212-1_4seq1.xml · nonDerivative · entry 1

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 286,993

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0001104659-26-012157 · tm265700-1_4seq1.xml · nonDerivative · entry 2

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 294,368

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0001104659-26-012157 · tm265700-1_4seq1.xml · nonDerivative · entry 1

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 299,938

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0001104659-26-011092 · tm265426-1_4seq1.xml · nonDerivative · entry 2

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 300,748

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0001104659-26-011092 · tm265426-1_4seq1.xml · nonDerivative · entry 1

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 301,778

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0001104659-26-006862 · tm264127-1_4seq1.xml · nonDerivative · entry 1

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 304,332

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0001193125-25-201586 · ownership.xml · nonDerivative · entry 2

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,420,298

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust ("The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0001193125-25-201586 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,444,162

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust ("The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000895345-25-000113 · form4.xml · nonDerivative · entry 1

Fernand Matthew E · CIK 0001644525 · Chief Legal Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 66,029

F1 · shares: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based Restricted Share Units.

SEC source: 0000895345-25-000114 · form4.xml · nonDerivative · entry 1

Dinenberg Eric · CIK 0001901280 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 44,321

F1 · shares: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based Restricted Share Units.

SEC source: 0000895345-25-000112 · form4.xml · nonDerivative · entry 1

Olshan Andrea · CIK 0001579816 · Director · CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 192,367

F1 · shares: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based Restricted Share Units.

SEC source: 0000895345-24-000651 · form4.xml · nonDerivative · entry 1

Dinenberg Eric · CIK 0001901280 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 49,093

F1 · shares: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based Restricted Share Units ("RSUs").

F2 · balance_after: Includes 11,776 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0001104659-24-064237 · tm2415113-2_4seq1.xml · nonDerivative · entry 1

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 309,404

F1 · ownership.nature: 1. Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0001104659-24-045673 · tm2411484-1_4seq1.xml · nonDerivative · entry 1

Ursa Fund Partners LP · CIK 0001668985 · 10% owner

Ursa Fund Management, LLC · CIK 0001693838 · 10% owner

Hahn Andrew · CIK 0002008338 · Director

Douglas Russell Palmer · CIK 0001729159 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 279,843

F1 · ownership.nature: Andrew Hahn and Russell Douglas are the Managing Members of Ursa Fund Management LLC, who is the General Partner and Investment Manager of Ursa Fund Partners LP (the "Fund").

F2 · ownership.nature: The Fund disposed of the shares as specified in Table I. As General Partner and Investment Manager of the Fund, Ursa Fund Management LLC possesses the power to vote and dispose or direct the disposition of the shares acquired by the Fund.

SEC source: 0000950170-24-041584 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,484,162

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust ("The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000895345-24-000089 · form4.xml · nonDerivative · entry 1

Fernand Matthew E · CIK 0001644525 · Chief Legal Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 71,103

F1 · shares: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based Restricted Share Units ("RSUs").

F2 · balance_after: Includes 12,513 unvested RSUs, as of the date of this filing, after taking into account of the transaction reported herein.

SEC source: 0000895345-24-000088 · form4.xml · nonDerivative · entry 1

Dinenberg Eric · CIK 0001901280 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 53,443

F1 · shares: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based Restricted Share Units ("RSUs").

F2 · balance_after: Includes 22,275 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000895345-24-000090 · form4.xml · nonDerivative · entry 1

Olshan Andrea · CIK 0001579816 · Director · CEO and President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 218,972

F1 · shares: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based Restricted Share Units ("RSUs").

F2 · balance_after: Includes 58,945 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0000950170-24-023496 · ownership.xml · nonDerivative · entry 2

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,509,817

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-24-023496 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,516,264

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-24-020532 · ownership.xml · nonDerivative · entry 2

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,536,958

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-24-020532 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,582,612

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-24-008100 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,718,863

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-24-006794 · ownership.xml · nonDerivative · entry 3

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,719,263

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-24-006794 · ownership.xml · nonDerivative · entry 2

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,719,663

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-24-006794 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,820,814

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-24-004355 · ownership.xml · nonDerivative · entry 3

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,000,000

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-24-004355 · ownership.xml · nonDerivative · entry 2

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,017,790

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-24-004355 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,066,114

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-24-001431 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,069,137

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0001104659-23-129755 · tm2333737-3_4seq1.xml · nonDerivative · entry 5

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 285,904

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0000895345-23-000682 · form4.xml · nonDerivative · entry 1

Dinenberg Eric · CIK 0001901280 · Chief Operating Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 59,275

F1 · shares: Represents shares withheld by the issuer to cover tax obligations of the reporting person in connection with the settlement of time-based Restricted Share Units ("RSUs").

F2 · balance_after: Includes 35,319 unvested RSUs, as of the date of this filing, after taking into account the transaction reported herein.

SEC source: 0001104659-23-129755 · tm2333737-3_4seq1.xml · nonDerivative · entry 4

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 285,606

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0001104659-23-129755 · tm2333737-3_4seq1.xml · nonDerivative · entry 3

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 283,358

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0001104659-23-129755 · tm2333737-3_4seq1.xml · nonDerivative · entry 2

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 283,334

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0000950170-23-070159 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,162,487

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0001104659-23-129755 · tm2333737-3_4seq1.xml · nonDerivative · entry 1

Yakira Capital Management, Inc. · CIK 0001584639 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 283,198

F1 · ownership.nature: Yakira Capital Management, Inc., a Delaware corporation (the "Reporting Person"), serves as investment advisors to each of (i) Yakira Partners, L.P., a Delaware limited partnership ("Yakira Partners"), (ii) Yakira Enhanced Offshore Fund Ltd., a Cayman Islands exempted company ("Yakira Offshore") and (iii) MAP 136 Segregated Portfolio, a Cayman Islands exempted company ("MAP 136") and has sole voting and investment discretion with respects to the securities reported herein which are held by Yakira Partners, Yakira Offshore and MAP 136. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.

SEC source: 0000950170-23-069167 · ownership.xml · nonDerivative · entry 3

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,219,688

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-23-069167 · ownership.xml · nonDerivative · entry 2

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,397,094

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-23-069167 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,429,630

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-23-068418 · ownership.xml · nonDerivative · entry 3

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,507,329

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-23-068418 · ownership.xml · nonDerivative · entry 2

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,585,227

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-23-068418 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,765,227

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-23-066881 · ownership.xml · nonDerivative · entry 3

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,826,832

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-23-066881 · ownership.xml · nonDerivative · entry 2

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,844,712

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-23-066881 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,864,951

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-23-065201 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 14,872,550

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.

SEC source: 0000950170-23-064625 · ownership.xml · nonDerivative · entry 1

LAMPERT EDWARD S · CIK 0001183200 · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,020,606

F1 · ownership.direct: Includes 3,492 Class A common shares of beneficial interest of Seritage Growth Properties, par value $0.01 per share ("Class A Shares"), held by The Nicholas Floyd Lampert 2015 Trust ("The Nicholas Trust"), and 3,492 Class A Shares held by The Nina Rose Lampert 2015 Trust (the "The Nina Trust", and together with The Nicholas Trust, the "Trusts"). The reporting person may be deemed to have beneficial ownership of securities owned by the Trusts. The reporting person disclaims beneficial ownership of the securities owned by the Trusts, except to the extent of the pecuniary interest of the reporting person in such securities. The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or otherwise, the beneficial owner of any securities owned by the Trusts.