M Macys Inc

Macy’s, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

55616P104

(CUSIP Number)

September 30, 2024

(Date of Event which Requires Filing of this Statement)

(1)

Represents 342,400 shares of Common Stock underlying call options owned by Nomura Securities International, Inc. (“NSI”) that are exercisable within 60 days. NSI is a wholly owned subsidiary of Nomura Holdings, Inc., which accordingly may be deemed to beneficially own the shares of Common Stock beneficially owned by NSI.

(2)	The percent of class is calculated based on 277,373,416 shares of Common Stock outstanding as of August 3, 2024, as reported in the Issuer’s quarterly report on Form 10-Q for the fiscal quarter ended August 3, 2024 filed with the SEC on September 4, 2024.

(4)	The percent of class is calculated based on 277,373,416 shares of Common Stock outstanding as of August 3, 2024, as reported in the Issuer’s quarterly report on Form 10-Q for the fiscal quarter ended August 3, 2024 filed with the SEC on September 4, 2024.

Item 1.	(a)	Name of Issuer:   Macy’s, Inc. (the “Issuer”)
	(b)	Address of Issuer's Principal Executive Offices:   151 West 34th Street New York, NY 10001
Item 2.	(a)	Name of Person(s) Filing: Nomura Holdings, Inc. Nomura Securities International, Inc.
	(b)	Address of Principal Business Office or, if none, Residence: Nomura Holdings, Inc. 13-1, Nihonbashi 1-chome, Chuo-ku, Tokyo 103-8645, Japan   Nomura Securities International, Inc. Worldwide Plaza 309 West 49th Street New York, NY 10019
	(c)	Citizenship: Nomura Holdings, Inc. Japan   Nomura Securities International, Inc. New York
	(d)	Title of Class of Securities: Common Stock, par value $0.01 per share (“Common Stock”)
	(e)	CUSIP Number:   55616P104

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)	☐	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 association 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);
	(k)	☐	Group, in accordance with § 240.13d-1(b)(1)(ii)(K).  If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ___________________

Item 4.

Ownership.

Item 5.

Ownership of Five Percent or Less of a Class.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Item 8.

Identification and Classification of Members of the Group.

Item 9.

Notice of Dissolution of Group.

Item 10.

Certification.

	Nomura Holdings, Inc.
	/s/ Samir Patel
	Name:  Samir Patel
	Title:  Managing Director
	Nomura Securities International, Inc.
	/s/ Fernando Del Puerto
	Name:  Fernando Del Puerto
	Title:  Managing Director

Exhibit	Exhibit
A	Joint Filing Agreement
B	Subsidiaries

Nomura Holdings, Inc.
/s/ Samir Patel
Name:  Samir Patel
Title:  Managing Director
Nomura Securities International, Inc.
/s/ Fernando Del Puerto
Name:  Fernando Del Puerto
Title:  Managing Director

Nomura Securities International, Inc. is a wholly owned subsidiary of Nomura Holdings, Inc.