Summary by Moomoo AI
Dennis J. Wilson, founder of Lululemon Athletica, has decreased his beneficial ownership in the company to 10,122,201 shares, representing 8.3% of outstanding shares as of December 18, 2024. This change is reflected in an amended Schedule 13D filing with the SEC.The filing details the ownership breakdown among Wilson and related entities: Anamered Investments Inc. (3.9%), LIPO Investments (USA) Inc. (3.1%), Wilson 5 Foundation (0.8%), Five Boys Investments ULC (0.1%), Shannon Wilson (1.0%), and Low Tide Properties Ltd. (0.3%). Notably, Low Tide terminated its credit line with RBC Dominion Securities Inc. on the same date.The ownership percentages are based on 116,667,564 common shares and 5,115,961 exchangeable shares of Lulu Canadian Holding, Inc. outstanding as of November 29, 2024. This filing signifies a reduction in Wilson's influence over the company he founded, potentially impacting investor perceptions of Lululemon's ownership structure.
