Dennis J. Wilson and Affiliates Decrease Stake in lululemon athletica inc. to 8.4%

On August 3, 2026, Dennis J. Wilson and a group of affiliated reporting persons filed Amendment No. 24 to their Schedule 13D for lululemon athletica inc. (LULU). The filing reported a decrease in collective beneficial ownership to 9,576,564 shares, representing approximately 8.4% of the company's outstanding common stock. This is a reduction from the previously reported 9,740,710 shares (8.6%). The change was primarily driven by the sale of 164,146 shares by Low Tide Properties Ltd. on July 31, 2026. This transaction was executed pursuant to a Master Confirmation with Citibank, N.A. for the purpose of providing financial flexibility for investments unrelated to the group's position in lululemon. The reporting group includes various entities such as Anamered Investments Inc., LIPO Investments (USA), Inc., and the Wilson 5 Foundation. Mr. Wilson maintains shared voting and dispositive power over the aggregate holdings. Following this sale, zero shares remain subject to the pledge under the Master Confirmation.