SCHEDULE Filed 2025-03-17 Event 2024-12-09 SEC 0000921895-25-000794 →

TORO 18 HOLDINGS LLC → Barnes & Noble Education, Inc. BNED

Stake: 33.30% Shares: 11,346,187 CUSIP: 06777U200 Class: Common Stock, $0.01 par value per share

Composite Decision Signal · PASS (LOW BASE-RATE EDGE) Conviction Score: 24/100 · Filer 90d Win Rate: 50% · Hist. 90d Edge: -4.7%

Passive Schedule 13G filer baseline
High conviction ownership stake (33.3%)
8 NPORT-P mutual funds holding CUSIP
Elevated short days-to-cover (7.6 DTC)

Item 4 — Purpose of Transaction

Not extracted from this filing — typically because it's an amendment (13D/A) and Item 4 is unchanged from the parent filing. Read the raw SEC filing →

Cross-References

Insider Activity (last 365d)

6 transactions

4 buys · 2 sales · 0 awards/exercises

Issuer Cluster

18 13D/G filings on this issuer

17 other filings besides this one

Filer Track Record

6 filings by this filer

5 other filings in the data moat

Short Interest · settle 2026-10-15

DTC 7.57

1,785,993 shares short · -5.3% vs prior

Post-Filing Returns · since 2024-12-09 on BNED

+1 day

+3.8%

+5 days

+3.6%

+30 days

-14.7%

+60 days

-6.0%

+90 days

-25.1%

+180 days

+3.2%

Anchor price 11.51 on closest trading day on/after 2024-12-09. Source: Yahoo Finance daily adj_close (split + dividend adjusted).

Form 4 Insider Transactions · last 365d

Date	Insider	Role	Type	Shares	Price	Value
2026-09-25	Warren Denise	director	Award	17,653	—	—
2026-09-25	Singer Eric	director, 10%+ owner	Award	17,653	—	—
2026-07-10	Snagusky Jason	officer	Sale	2,237	$11.61	$26K
2026-07-10	SHAR JONATHAN	officer	Award	60,000	—	—
2026-07-10	Neumann Christopher	officer	Award	4,500	—	—
2026-07-10	Neumann Christopher	officer	Sale	2,785	$11.61	$32K

Other 13D/G Filings on Barnes & Noble Education, Inc.

Filed	Form	Filer	Stake	Shares
2026-07-08	SCHEDULE 13D/A	TORO 18 HOLDINGS LLC	33.10%	11,208,746	view →
2024-07-22	SC	Greenhaven Road Investment Management, L.P.	—	—	view →
2022-06-28	SC	Outerbridge Capital Management LLC	—	—	view →
2021-07-28	SC	Outerbridge Capital Management LLC	—	—	view →
2021-06-25	SC	Outerbridge Capital Management LLC	—	—	view →
2021-03-30	SC	RIGGIO LEONARD	—	—	view →
2021-03-22	SC	BARNES JAMES VASEY	—	—	view →
2020-11-03	SC	Outerbridge Capital Management LLC	—	—	view →
2020-10-26	SC	Outerbridge Capital Management LLC	—	—	view →
2020-07-21	SC	Outerbridge Capital Management LLC	—	—	view →
2020-06-29	SC	Outerbridge Capital Management LLC	—	—	view →
2020-03-23	SC	BARNES JAMES VASEY	—	—	view →
2020-02-06	SC	Outerbridge Capital Management LLC	—	—	view →
2019-05-17	SC	RIGGIO LEONARD	—	—	view →
2018-05-16	SC	RIGGIO LEONARD	—	—	view →
2018-01-17	SC	RIGGIO LEONARD	—	—	view →
2018-01-03	SC	ABRAMS CAPITAL MANAGEMENT, L.P.	—	—	view →

Other Filings by TORO 18 HOLDINGS LLC

Filed	Form	Issuer	Stake	Shares
2026-09-11	SCHEDULE 13D/A	UNIVERSAL ELECTRONICS INC	9.20%	1,101,832	view →
2026-08-12	SCHEDULE 13D/A	UNIVERSAL ELECTRONICS INC	—	1,344,647	view →
2026-07-08	SCHEDULE 13D/A	Barnes & Noble Education, Inc. BNED	33.10%	11,208,746	view →
2023-05-01	SC	Turtle Beach Corp TBCH	—	—	view →
2023-04-03	SC	Turtle Beach Corp TBCH	—	—	view →

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