Home / Going-concern warnings / Seritage Growth Properties
Filed 2026-03-31 路 Form 10-K 路 Accession 0001193125-26-134736 micro
Price before filing: $2.66 (2026-03-30 close, split/dividend-adjusted)
Market cap at flag: $158.3M (2026-03-31) 路 Latest: $91.2M (2026-10-16)
| Window | SRG | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -3.0% | +13.7% | -16.7% | 2026-04-30 |
| 90 days | -2.3% | +17.6% | -19.8% | 2026-06-29 |
| 180 days | -34.2% | +21.8% | -56.0% | 2026-09-28 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider sold $593K (7 sales)
30 days after: 1 insider sold $650K (1 sale)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-01-26 | Yakira Capital Management, Inc. 10% owner | Sale | 5,072 | $24.13 | $122K | no | Form 4 |
| 2026-02-04 | Yakira Capital Management, Inc. 10% owner | Sale | 2,554 | $24.13 | $62K | no | Form 4 |
| 2026-02-05 | Yakira Capital Management, Inc. 10% owner | Sale | 1,030 | $24.08 | $25K | no | Form 4 |
| 2026-02-06 | Yakira Capital Management, Inc. 10% owner | Sale | 810 | $24.10 | $20K | no | Form 4 |
| 2026-02-09 | Yakira Capital Management, Inc. 10% owner | Sale | 5,570 | $24.10 | $134K | no | Form 4 |
| 2026-02-23 | Yakira Capital Management, Inc. 10% owner | Sale | 7,375 | $23.95 | $177K | no | Form 4 |
| 2026-02-24 | Yakira Capital Management, Inc. 10% owner | Sale | 2,225 | $24.10 | $54K | no | Form 4 |
| 2026-03-31: red flag filed | |||||||
| 2026-03-31 | Yakira Capital Management, Inc. 10% owner | Sale | 27,150 | $23.95 | $650K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-31 to 2026-04-30. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As discussed in Note 1 to the financial statements, the Company has suffered recurring losses from operations that raise substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Going-concern opinion issued by: Deloitte & Touche LLP
Source: independent auditor report in Form 10-K (period 2025-12-31)
Why this score: in auditor's report
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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