| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SNDA | Common Stock | Award | $607,660 | +60,766 | +2.2% | $10.00 | 2,864,694 | 29 Jun 2023 | See footnotes | F1, F2, F3, F4 |
| transaction | SNDA | Common Stock | Award | $67,340 | +6,734 | +3.7% | $10.00 | 188,287 | 29 Jun 2023 | See footnotes | F1, F2, F5, F6 |
| transaction | SNDA | Common Stock | Options Exercise | $5,401,450 | +540,145 | +19% | $10.00 | 3,404,839 | 03 Jul 2023 | See footnotes | F2, F3, F4 |
| transaction | SNDA | Common Stock | Options Exercise | $598,550 | +59,855 | +32% | $10.00 | 248,142 | 03 Jul 2023 | See footnotes | F2, F5, F6 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SNDA | Equity Commitment | Award | -1,350,000 | -50% | 1,350,000 | 29 Jun 2023 | Common Stock | 1,350,000 | $10.00 | See footnotes | F4, F6, F7 | ||
| transaction | SNDA | Equity Commitment | Options Exercise | $0 | +600,000 | +400% | $0.000000 | 750,000 | 03 Jul 2023 | Common Stock | 600,000 | $10.00 | See footnotes | F4, F6 |
| Id | Content |
|---|---|
| F1 | These shares were issued by the Issuer as consideration for the Reporting Person's entry into the Conversant Commitment Agreement described in the Current Report on Form 8-K filed by the Issuer with the SEC on July 5, 2023 (the "Issuer 8-K"). |
| F2 | This Form 4 is being filed jointly by Michael Simanovsky, a United States citizen; Conversant Capital LLC, a Delaware limited liability company ("Conversant Capital"); Conversant GP Holdings LLC, a Delaware limited liability company ("Conversant GP"); Conversant Dallas Parkway (A) LP, a Delaware limited partnership ("Investor A"); and Conversant Dallas Parkway (B) LP, a Delaware limited partnership ("Investor B") (collectively the filing persons are the "Reporting Persons"). |
| F3 | Shares are held by Investor A. |
| F4 | Conversant GP is the general partner of Investor A and Conversant Capital is the investment manager to Investor A. Mr. Simanovsky is the managing member of Conversant Capital and Conversant GP. By virtue of these relationships, Mr. Simanovsky, Conversant Capital, and Conversant GP may be deemed a beneficial owner of the securities held by Investor A. Mr. Simanovsky, Conversant Capital, and Conversant GP each disclaims beneficial ownership of the securities held by Investor A except to the extent of his or its pecuniary interest therein |
| F5 | Shares are held by Investor B |
| F6 | Conversant GP is the general partner of Investor B and Conversant Capital is the investment manager to Investor B. Mr. Simanovsky is the managing member of Conversant Capital and Conversant GP. By virtue of these relationships, Mr. Simanovsky, Conversant Capital, and Conversant GP may be deemed a beneficial owner of the securities held by Investor B. Mr. Simanovsky, Conversant Capital, and Conversant GP each disclaims beneficial ownership of the securities held by Investor B except to the extent of his or its pecuniary interest therein. |
| F7 | On June 29, 2023, Investor A and Investor B entered into the Conversant Commitment Agreement, jointly agreeing to buy up to 1,350,000 shares of Common Stock at $10 per share in cash upon the Issuer's notification pursuant to and subject to the terms and conditions of the Conversant Commitment Agreement described in and filed as an exhibit to the Issuer 8-K. |
Max Levy, a Principal of Conversant Capital, serves as a member of the Issuer's board of directors. On the basis of the relationships between Mr. Levy and the Reporting Persons, each of the Reporting Persons may be considered a director of the Issuer for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.