Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 17, 2023, Sharon Osberg notified the Board of Trustees (the "Board") of Seritage Growth Properties (the "Company") of her decision not to stand for re-election to the Board at the Company's 2023 Annual Meeting of Shareholders. Ms. Osberg indicated that her decision not to stand for re-election was not a result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

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