# EDGAR Filing Document

**Accession Number:** 0001634117
**File Stem:** 0001398344-25-020890
**Filing Date:** 2025-11
**Character Count:** 17614
**Document Hash:** f469892f4a415520ceece27fa7bfb52f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-020890.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001398344-25-020890

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Barnes & Noble Education, Inc.
- **CENTRAL INDEX KEY:** 0001634117
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 460599018
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0503

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-88954
- **FILM NUMBER:** 251481616

**BUSINESS ADDRESS:**
- **STREET 1:** 120 MOUNTAIN VIEW BOULEVARD
- **CITY:** BASKING RIDGE
- **STATE:** NJ
- **ZIP:** 07920
- **BUSINESS PHONE:** 908-991-2665

**MAIL ADDRESS:**
- **STREET 1:** 120 MOUNTAIN VIEW BOULEVARD
- **CITY:** BASKING RIDGE
- **STATE:** NJ
- **ZIP:** 07920
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Springhouse Capital Management, LP
- **CENTRAL INDEX KEY:** 0001660086

**ORGANIZATION NAME:**
- **EIN:** 270030436
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 18 BURR FARMS ROAD
- **CITY:** WESTPORT
- **STATE:** CT
- **ZIP:** 06880
- **BUSINESS PHONE:** 212-319-2570

**MAIL ADDRESS:**
- **STREET 1:** 18 BURR FARMS ROAD
- **CITY:** WESTPORT
- **STATE:** CT
- **ZIP:** 06880

## Ex-1

Exhibit 1

JOINT FILING AGREEMENT

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the undersigned agree, as of November 14, 2025, that only one statement containing the information required by Schedule 13G, and each amendment thereto, need be filed with respect to the ownership by each of the undersigned of shares of Common Stock of Barnes & Noble Education, Inc. and such statement to which this Joint Filing Agreement is attached as Exhibit 1 is filed on behalf of each of the undersigned.

Dated: November 14, 2025

Springhouse Capital (U.S.), L.P.

---

| | |
|:---|:---|
| By: | /s/ Brian Gaines |
|  | Brian Gaines |

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Springhouse Capital Management, L.P., Manager

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| | |
|:---|:---|
| By: | /s/ Brian Gaines |
|  | Brian Gaines |

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Springhouse Asset Management LLC, General Partner

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| | |
|:---|:---|
| By: | /s/ Brian Gaines |
|  | Brian Gaines |

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Brian Gaines

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| | |
|:---|:---|
| By: | /s/ Brian Gaines |
|  | Brian Gaines |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Barnes & Noble Education, Inc.

**Title of Class of Securities:** Common Stock, $0.01 par value per share

**CUSIP Number:** 06777U200

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [x] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Springhouse Capital (U.S.), L.P. | Names of Reporting Persons<br>Springhouse Capital (U.S.), L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>1729587.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>1729587.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1729587.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1729587.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.08% | Percent of Class Represented by Amount in Row (9)<br>5.08% |
| 12. | Type of Reporting Person (See Instructions)<br>PN | Type of Reporting Person (See Instructions)<br>PN |

---

| 1. | Names of Reporting Persons<br>Springhouse Capital Management, L.P. | Names of Reporting Persons<br>Springhouse Capital Management, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>1729587.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>1729587.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1729587.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1729587.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.08% | Percent of Class Represented by Amount in Row (9)<br>5.08% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

---

| 1. | Names of Reporting Persons<br>Springhouse Asset Management LLC | Names of Reporting Persons<br>Springhouse Asset Management LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>1729587.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>1729587.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1729587.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1729587.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.08% | Percent of Class Represented by Amount in Row (9)<br>5.08% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

---

| 1. | Names of Reporting Persons<br>Brian Gaines | Names of Reporting Persons<br>Brian Gaines |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>172320.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>1729587.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>172320.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>1729587.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1901907.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1901907.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.58% | Percent of Class Represented by Amount in Row (9)<br>5.58% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

---

| 1. | Names of Reporting Persons<br>Springhouse Capital Management G.P., LLC | Names of Reporting Persons<br>Springhouse Capital Management G.P., LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>1729587.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>1729587.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1729587.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>1729587.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.08% | Percent of Class Represented by Amount in Row (9)<br>5.08% |
| 12. | Type of Reporting Person (See Instructions)<br>OO | Type of Reporting Person (See Instructions)<br>OO |

---

**Item 1(a). Name of Issuer:**
Barnes & Noble Education, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
120 MOUNTAIN VIEW BOULEVARD, BASKING RIDGE, NJ, 07920

**Item 2(a). Name of Person Filing:**
(i) Springhouse Capital (U.S.), L.P. (the "Fund")
(ii) Springhouse Capital Management, L.P. ("Management")
(iii) Springhouse Asset Management LLC ("General Partner")
(iv) Brian Gaines
(v) Springhouse Capital Management G.P., LLC ("General Partner")

**Item 2(b). Address of Principal Business Office:**
18 Burr Farms Road, Westport, Connecticut 06880

**Item 2(c). Citizenship:**
(i) Springhouse Capital (U.S.), L.P. (the "Fund") - Delaware limited partnership
(ii) Springhouse Capital Management, L.P. ("Management") - Delaware limited partnership
(iii) Springhouse Asset Management LLC ("General Partner") - Delaware limited liability company
(iv) Brian Gaines - United States Citizen
(v) Springhouse Capital Management G.P., LLC ("General Partner") - Delaware Limited Liability Company

**Item 2(d). Title of Class of Securities:**
Common Stock, $0.01 par value per share

**Item 2(e). CUSIP Number:**
06777U200

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [x] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

(i) Springhouse Capital (U.S.), L.P. (the "Fund") - 1729587
(ii) Springhouse Capital Management, L.P. ("Management") - 1729587
(iii) Springhouse Asset Management LLC ("General Partner") - 1729587
(iv) Brian Gaines - 1901907
(v) Springhouse Capital Management G.P., LLC ("General Partner") - 1729587

**(b) Percent of class:**

(i) Springhouse Capital (U.S.), L.P. (the "Fund") - 5.08 %
(ii) Springhouse Capital Management, L.P. ("Management") - 5.08 %
(iii) Springhouse Asset Management LLC ("General Partner") - 5.08 %
(iv) Brian Gaines - 5.58 %
(v) Springhouse Capital Management G.P., LLC ("General Partner") - 5.08 %

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

(i) Springhouse Capital (U.S.), L.P. (the "Fund") - 0
(ii) Springhouse Capital Management, L.P. ("Management") - 0
(iii) Springhouse Asset Management LLC ("General Partner") - 0
(iv) Brian Gaines - 172320
(v) Springhouse Capital Management G.P., LLC ("General Partner") - 0

**(ii) Shared power to vote or to direct the vote:**

(i) Springhouse Capital (U.S.), L.P. (the "Fund") - 1729587
(ii) Springhouse Capital Management, L.P. ("Management") - 1729587
(iii) Springhouse Asset Management LLC ("General Partner") - 1729587
(iv) Brian Gaines - 1729587
(v) Springhouse Capital Management G.P., LLC ("General Partner") - 1729587

**(iii) Sole power to dispose or to direct the disposition of:**

(i) Springhouse Capital (U.S.), L.P. (the "Fund") - 0
(ii) Springhouse Capital Management, L.P. ("Management") - 0
(iii) Springhouse Asset Management LLC ("General Partner") - 0
(iv) Brian Gaines - 172320
(v) Springhouse Capital Management G.P., LLC ("General Partner") - 0

**(iv) Shared power to dispose or to direct the disposition of:**

(i) Springhouse Capital (U.S.), L.P. (the "Fund") - 1729587
(ii) Springhouse Capital Management, L.P. ("Management") - 1729587
(iii) Springhouse Asset Management LLC ("General Partner") - 1729587
(iv) Brian Gaines - 1729587
(v) Springhouse Capital Management G.P., LLC ("General Partner") - 1729587

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not applicable

**Item 7. Identification and Classification of the Subsidiary**

Not applicable

**Item 8. Identification and Classification of Members of the Group**

Not applicable

**Item 9. Notice of Dissolution of Group**

—

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Springhouse Capital (U.S.), L.P.**

**Date:** 11/14/2025

**By:** /s/ Brian Gaines

**Name & Title:** Brian Gaines

**Springhouse Capital Management, L.P.**

**Date:** 11/14/2025

**By:** /s/ Brian Gaines

**Name & Title:** Brian Gaines

**Springhouse Asset Management LLC**

**Date:** 11/14/2025

**By:** /s/ Brian Gaines

**Name & Title:** Brian Gaines

**Brian Gaines**

**Date:** 11/14/2025

**By:** /s/ Brian Gaines

**Name & Title:** Brian Gaines

**Springhouse Capital Management G.P., LLC**

**Date:** 11/14/2025

**By:** /s/ Brian Gaines

**Name & Title:** Brian Gaines