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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
Checkbox not checked   Rule 13d-1(c)
Checkbox not checked   Rule 13d-1(d)




SCHEDULE 13D 0002059711 XXXXXXXX LIVE Common Stock, $.001 Par Value 05/18/2025 false 0001040130 716382106 PETMED EXPRESS, INC. 700 NW 1st Avenue Suite 1200 Miami FL 33136 Carlos A. Mas (305) 530-0050 700 NW 1st Avenue, Suite 1200 Miami FL 33136 0002059711 N SilverCape Investments Limited WC N E9 2300318.00 0.00 2300318.00 0.00 2300318.00 N 11.1 CO Based on 20,656,457 shares of Common Stock outstanding as of February 10, 2025, as last reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025. Y Peter Kennedy WC N X1 0.00 2300318.00 0.00 2300318.00 2300318.00 N 11.1 IN * Peter Kennedy, the managing director of SilverCape Investments Limited ("SilverCape"), has voting and investment power with respect to the Common Stock held by SilverCape. Mr. Kennedy disclaims any beneficial ownership of the Common Stock beneficially owned by SilverCape. ** Based on 20,656,457 shares of Common Stock outstanding as of February 10, 2025, as last reported by the Issuer in its Quarterly Report on Form 10-Q for the quarter ended December 31, 2025. Common Stock, $.001 Par Value PETMED EXPRESS, INC. 700 NW 1st Avenue Suite 1200 Miami FL 33136 This statement relates to shares of common stock, par value $.001 per share (the "Common Stock"), of Petmed Express, Inc., a Florida corporation (the "Issuer"). The address of the principal executive office of the Issuer is 420 South Congress Avenue, Delray Beach, Florida 33445. This Schedule 13D is being filed jointly by SilverCape Investments Limited ("SilverCape") and Peter Kennedy ("Kennedy"). The foregoing persons are hereinafter sometimes referred to collectively as the "Reporting Persons." The principal business address of the Reporting Persons is c/o Trident Trust Company (Cayman) Limited, Fourth Floor, One Capital Place, P.O. Box 847, George Town, Grand Cayman KY1-1103, Cayman Islands. The principal business of SilverCape is to be an investment company. The principal business of Kennedy is to serve as the Managing Director of SilverCape. During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors). During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which any of the Reporting Persons was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. SilverCape is organized under the laws of the Cayman Islands. Mr. Kennedy is a citizen of the United States. The Reporting Persons purchased the shares of Common Stock covered by this Schedule 13D in open market purchases for an aggregate purchase price of $10,332,118. The source of the Reporting Persons' payment of the purchase price for each purchase of shares of Common Stock covered by this Schedule 13D was working capital of SilverCape. The Reporting Persons have been an investor in the Issuer since February 2025 and hold the Common Stock for investment purposes. The Reporting Persons have previously reported their beneficial ownership of the Issuer's securities in a statement on Schedule 13G filed on March 10, 2025, as amended on March 27, 2025. The Reporting Persons intend to engage in discussions with the management of the Issuer and/or the Issuer's board of directors (the "Board") with respect to certain issues relating to, among things, the Issuer's strategic decision-making and recent financial and operating performance. The Reporting Persons may also discuss the possibility of nominating a person to become a director of the Issuer. The Reporting Persons intend to continuously review their investment in the Issuer and reserve the right to change their plans or intentions and to take any and all actions that the Reporting Persons may deem appropriate to maximize the value of their investment, including, among other things, acquiring additional securities of the Issuer, disposing of any securities of the Issuer owned by the Reporting Persons, or formulating other plans or proposals regarding the Issuer or its securities to the extent deemed advisable by the Reporting Persons. Any actions the Reporting Persons might undertake will be dependent upon the Reporting Persons' review of numerous factors, including, among other things, the price levels of the Common Stock, general market and economic conditions, ongoing evaluation of the Issuer's business, financial condition, operations and prospects, the relative attractiveness of alternative business and investment opportunities, the Reporting Persons' need for liquidity, and other future developments. In addition, the Reporting Persons may, at any time and from time to time, (i) review or reconsider their position or change their purpose or formulate plans or proposals with respect thereto and (ii) consider or propose one or more of the actions described in subparagraphs (a) - (j) of Item 4 of Schedule 13D. As of the filing date of this Schedule 13D, SilverCape is the holder of record of 2,300,318 shares of Common Stock, representing approximately 11.1% of the shares of Common Stock currently issued and outstanding. Kennedy, as the managing director of SilverCape, has voting and investment power with respect to the Common Stock held by SilverCape. Kennedy disclaims any beneficial ownership of the Common Stock beneficially owned by SilverCape. SilverCape has the sole voting and dispositive power over the shares of Common Stock held by it. Kennedy, as the managing director of SilverCape, has voting and investment power with respect to the Common Stock held by SilverCape. Kennedy disclaims any beneficial ownership of the Common Stock beneficially owned by SilverCape. Except as set forth above, there have been no transactions in the Common Stock by the Reporting Persons during the past 60 days. No person other than the Reporting Persons is known by the Reporting Persons to have the right to receive dividends from, or the proceeds from the sale of, the shares of Common Stock beneficially owned by the Reporting Persons. Not applicable. Except as otherwise described in this Schedule 13D and the Joint Filing Agreement attached hereto as Exhibit 1, (i) there are no contracts, arrangements, understandings, or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies Exhibit 1Joint Filing Agreement, dated as of May 20, 2025. SilverCape Investments Limited /s/ Peter Kennedy Managing Director 05/20/2025 Peter Kennedy /s/ Peter Kennedy Managing Director 05/20/2025