FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Fund 1 Investments, LLC		 2. Issuer Name and Ticker or Trading Symbol

TILLY'S, INC. [ TLYS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

100 CARR 115, UNIT 1900		 3. Date of Earliest Transaction (MM/DD/YYYY)

12/2/2022
(Street)

RINCON, PR 00677
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 12/2/2022  P  20100 A$9.8948 567866 I See Footnotes (1)(4)
Class A Common Stock 12/2/2022  S  100000 D$9.6136 1514010 I See Footnotes (1)(3)
Class A Common Stock 12/2/2022  S  150000 D$9.6136 2308161 I See Footnotes (1)(2)
Class A Common Stock 12/2/2022  S  39242 D$10.0383 2268919 I See Footnotes (1)(2)
Class A Common Stock 12/5/2022  P  13000 A$9.718 1527010 I See Footnotes (1)(3)
Class A Common Stock 12/6/2022  P  27500 A$9.5568 1554510 I See Footnotes (1)(3)
Class A Common Stock 12/7/2022  P  5000 A$9.6745 1559510 I See Footnotes (1)(3)
Class A Common Stock 12/7/2022  P  10000 A$9.57 2278919 I See Footnotes (1)(2)
Class A Common Stock 12/8/2022  P  7500 A$9.6511 575366 I See Footnotes (1)(4)
Class A Common Stock 12/9/2022  P  28000 A$9.4007 603366 I See Footnotes (1)(4)
Class A Common Stock 12/12/2022  P  2000 A$9.2589 2280919 I See Footnotes (1)(2)
Class A Common Stock 12/13/2022  P  4500 A$9.4305 2285419 I See Footnotes (1)(2)
Class A Common Stock 12/15/2022  P  19500 A$9.1459 622866 I See Footnotes (1)(4)
Class A Common Stock 12/16/2022  P  2000 A$9.0908 624866 I See Footnotes (1)(4)
Class A Common Stock 12/19/2022  P  8600 A$8.6765 633466 I See Footnotes (1)(4)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
(1) Shares reported herein are held for the benefit of Pleasant Lake Onshore Feeder Fund, LP (the "PL Fund") and additional private investment vehicles for which Pleasant Lake Partners LLC ("PLP") serves as investment adviser. Fund 1 Investments, LLC serves as managing member of PLP. Jonathan Lennon serves as managing member of Fund 1 Investments, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.
(2) Shares held for the account of the PL Fund.
(3) Shares held for the account of an unaffiliated private fund for which PLP serves as investment adviser ("Client 2").
(4) Shares held for the account of an unaffiliated private fund for which PLP serves as investment adviser ("Client 3").

Remarks:
This Form 4 constitutes part one of six Forms 4 (collectively, the "Reports") filed by the Reporting Persons to report transactions in securities of the Issuer since March 21, 2022. The Reporting Persons have determined that certain sales made by accounts for which PLP serves as investment adviser, as reported in the Reports, were matchable with purchases by such accounts under Section 16(b) of the Securities Exchange Act of 1934. The Reporting Persons have sent the Company payment of the full amount of their pecuniary interest in the disgorgeable profits arising from such transactions.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Fund 1 Investments, LLC
100 CARR 115
UNIT 1900
RINCON, PR 00677
X

Pleasant Lake Onshore Feeder Fund LP
100 CARR 115
UNIT 1900
RINCON, PR 00677
X

Pleasant Lake Partners LLC
100 CARR 115
UNIT 1900
RINCON, PR 00677
X
Signatures
/s/ Fund 1 Investments, LLC By: Benjamin C. Cable, Chief Operating Officer1/10/2023
**Signature of Reporting PersonDate

/s/ Pleasant Lake Onshore Feeder Fund, LP, by Pleasant Lake Partners LLC, its Investment Adviser, by Fund 1 Investments, LLC, its Managing Member, by Benjamin C. Cable, Chief Operating Officer1/10/2023
**Signature of Reporting PersonDate

/s/ Pleasant Lake Partners LLC, by Fund 1 Investments, LLC, its Managing Member, by Benjamin C. Cable, Chief Operating Officer1/10/2023
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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