Vera Bradley, Inc. — Director's Dealing 2025

Apr 28, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Vera Bradley, Inc. (VRA)
CIK: 0001495320
Period of Report: 2025-04-25

Reporting Person: Fund 1 Investments, LLC (10% Owner)
Reporting Person: PLP Funds Master Fund LP (10% Owner)
Reporting Person: Pleasant Lake Partners LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, no par value	2783155	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Cash-Settled Total Return Swap	$	2026-03-23	Common stock, no par value (2762892)	2762892	Indirect

Footnotes

F1: Securities reported herein are held for the benefit of PLP Funds Master Fund LP (the "Master Fund") for which Pleasant Lake Partners LLC ("PLP") serves as investment adviser. Fund 1 Investments, LLC ("Fund 1") serves as managing member of PLP. Jonathan Lennon (together with Fund 1, PLP and Master Fund, the "Reporting Persons") serves as managing member of Fund 1. On January 2, 2025, Pleasant Lake Onshore Feeder Fund, LP contributed all of its securities in the Issuer to the Master Fund in a transaction exempt from reporting under Rule 16a-13. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.

F2: Securities held for the account of Master Fund.

F3: The Reporting Persons have entered into cash-settled total return swaps (the "Swap Agreements") with an unaffiliated third-party financial institution, which provide the Reporting Persons with economic exposure to an aggregate of 2,762,892 notional shares. The Swap Agreements provide the Reporting Persons with economic results that are comparable to the economic results of ownership but do not provide the Reporting Persons with the power to vote or direct the voting or dispose of or direct the disposition of the shares of common stock that are the subject of the Swap Agreements (the "Subject Shares"). Each of the Reporting Persons disclaims beneficial ownership of the Subject Shares except to the extent of its or his pecuniary interest therein.

F4: The expiration date of the Swap Agreements will be automatically extended for successive 12 month periods unless one party provides written notice to the other party, at least 30 calendar days prior to the first extension and at least 15 calendar days prior to any subsequent extension, not to so extend the expiration date.