Michael Simanovsky - 11 Mar 2026 Form 4 Insider Report for SONIDA SENIOR LIVING, INC. (SNDA)

Role
Director, 10%+ Owner
Signature
MICHAEL J. SIMANOVSKY by: /s/ Paul Dumaine, Attorney-in-fact for Michael J.Simanovsky
Issuer symbol
SNDA
Transactions as of
11 Mar 2026
Net transactions value
+$100,000,006
Form type
4
Filing time
13 Mar 2026, 19:54:44 UTC
Previous filing
13 Jan 2025
SEC
View on sec.gov

Reporting Owners (7)

Name Relationship Address Signature Signature date CIK
Simanovsky Michael Director, 10%+ Owner 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT MICHAEL J. SIMANOVSKY by: /s/ Paul Dumaine, Attorney-in-fact for Michael J.Simanovsky 13 Mar 2026 0001596522
Conversant Capital LLC Director, 10%+ Owner 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT CONVERSANT CAPITAL LLC by: /s/ Paul Dumaine, General Counsel and Chief Compliance Officer 13 Mar 2026 0001850901
Conversant GP Holdings LLC Director, 10%+ Owner 25 DEFOREST AVENUE,, 3RD FLOOR, SUMMIT CONVERSANT GP HOLDINGS LLC by: Conversant GP Holdings LLC, its general partner by: /s/ Paul Dumaine, General Counsel and Chief Compliance Officer 13 Mar 2026 0001850910
Conversant Dallas Parkway (A) LP Director, 10%+ Owner 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT CONVERSANT DALLAS PARKWAY (A) LP by: Conversant GP Holdings LLC, its general partner by: /s/ Paul Dumaine, General Counsel and Chief Compliance Officer 13 Mar 2026 0001892127
Conversant Dallas Parkway (B) LP Director, 10%+ Owner 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT CONVERSANT DALLAS PARKWAY (B) LP by: Conversant GP Holdings LLC, its general partner by: /s/ Paul Dumaine, General Counsel and Chief Compliance Officer 13 Mar 2026 0001892128
Conversant Private GP LLC Director, 10%+ Owner 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT CONVERSANT PRIVATE GP LLC by: /s/ Paul Dumaine, General Counsel and Chief Compliance Officer 13 Mar 2026 0002034835
Conversant PIF Aggregator A, LP Director, 10%+ Owner 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT CONVERSANT PIF AGGREGATOR A LP by: Conversant Private GP LLC, its general partner by: /s/ Paul Dumaine, General Counsel and Chief Compliance Officer 13 Mar 2026 0002034747

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNDA Common Stock Purchase $42,580,936 +1,592,406 +99% $26.74 3,199,998 11 Mar 2026 See footnotes F1, F2, F3
transaction SNDA Common Stock Purchase $2,340,552 +87,530 +1.7% $26.74 5,353,689 11 Mar 2026 See footnotes F1, F4, F5
transaction SNDA Common Stock Purchase $6,011,927 +224,829 $26.74 224,829 11 Mar 2026 See footnotes F3, F9
transaction SNDA Common Stock Purchase $49,066,590 +1,834,951 $26.74 1,834,951 11 Mar 2026 See footnotes F3, F10
transaction SNDA Common Stock Options Exercise +1,504,134 +28% $32.00* 6,857,823 11 Mar 2026 See footnotes F4, F5
transaction SNDA Common Stock Options Exercise +97,371 +14% $32.00* 807,115 11 Mar 2026 See footnotes F5, F6
holding SNDA Common Stock 1,032,216 11 Mar 2026 See footnotes F5, F7
holding SNDA Common Stock 648,942 11 Mar 2026 See footnotes F5, F8

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SNDA Series A Convertible Preferred Stock Disposed to Issuer +38,742 0 11 Mar 2026 Common Stock 1,203,308 $40.00 See footnotes F4, F5, F11, F12
transaction SNDA Series A Convertible Preferred Stock Disposed to Issuer +2,508 0 11 Mar 2026 Common Stock 77,897 $40.00 See footnotes F5, F6, F11, F12
transaction SNDA Series A Convertible Preferred Stock Award +38,742 38,742 11 Mar 2026 Common Stock 1,504,134 $32.00 See footnotes F4, F5, F11, F12
transaction SNDA Series A Convertible Preferred Stock Award +2,508 2,508 11 Mar 2026 Common Stock 97,371 $32.00 See footnotes F5, F6, F11, F12
transaction SNDA Series A Convertible Preferred Stock Options Exercise +38,742 $0.000000* 0 11 Mar 2026 Common Stock 1,504,134 $32.00 See footnotes F4, F5, F11
transaction SNDA Series A Convertible Preferred Stock Options Exercise +2,508 $0.000000* 0 11 Mar 2026 Common Stock 97,371 $32.00 See footnotes F5, F6, F11
transaction SNDA Warrant Disposed to Issuer +968,538 0 11 Mar 2026 Common Stock 968,538 $40.00 See footnotes F4, F5, F12
transaction SNDA Warrant Disposed to Issuer +62,712 0 11 Mar 2026 Common Stock 62,712 $40.00 See footnotes F5, F6, F12
transaction SNDA Warrant Award +968,538 968,538 11 Mar 2026 Common Stock 968,538 $40.00 See footnotes F4, F5, F12
transaction SNDA Warrant Award +62,712 62,712 11 Mar 2026 Common Stock 62,712 $40.00 See footnotes F5, F6, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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"); Conversant Dallas Parkway (B) LP, a Delaware limited partnership ("Investor B"); Conversant Private GP LLC, a Delaware limited liability company ("Conversant Private GP") and Conversant PIF Aggregator A LP, a Delaware limited partnership ("Aggregator A") (collectively the filing persons are the "Reporting Persons").
F2 Securities are held by Aggregator A.
F3 Conversant Private GP is the general partner of Aggregator A, CPIF K Co-Invest SPT A, L.P., a Cayman Islands exempted limited partnership ("CPIF K") and CPIF Sparti SAF, L.P., a Delaware limited partnership ("CPIF SAF") and Conversant Capital is the investment manager to Aggregator A, CPIF K and CPIF SAF. Mr. Simanovsky is the managing member of Conversant Capital and Conversant Private GP. By virtue of these relationships, each of Mr. Simanovsky, Conversant Capital and Conversant Private GP may be deemed a beneficial owner of the securities held by Aggregator A, CPIF K and CPIF SAF. Mr. Simanovsky, Conversant Capital and Conversant Private GP, each disclaims beneficial ownership of the securities held by Aggregator A, CPIF K and CPIF SAF except to the extent of his or its pecuniary interest therein.
F4 Securities are held by Investor A.
F5 Conversant GP is the general partner of each of Investor A, Investor B, Conversant Dallas Parkway (D) LP, a Delaware limited partnership ("Investor D") and Conversant Dallas Parkway (F) LP, a Delaware limited partnership ("Investor F"). Conversant Capital is the investment manager to each of Investor A, Investor B, Investor D and Investor F. Mr. Simanovsky is the managing member of Conversant Capital and Conversant GP. By virtue of these relationships, each of Mr. Simanovsky, Conversant Capital and Conversant GP may be deemed a beneficial owner of the securities held by each of Investor A, Investor B, Investor D and Investor F. Mr. Simanovsky, Conversant Capital, and Conversant GP each disclaims beneficial ownership of the securities held by Investor A, Investor B, Investor D and Investor F except to the extent of his or its pecuniary interest therein.
F6 Securities are held by Investor B.
F7 Securities are held by Investor D.
F8 Securities are held by Investor F.
F9 Securities are held by CPIF K.
F10 Securities are held by CPIF SAF.
F11 There is no expiration date for the right of the holder of Series A Convertible Preferred Stock to convert.
F12 On March 11, 2026, the Issuer agreed with each of Investor A and Investor B to (i) amend the shares of Series A Convertible Preferred Stock to reduce the conversion price to $32 per share of Common Stock, (ii) make a onetime payment of approximately $5.8 million in the aggregate, which included approximately $1.1 million of accrued but unpaid dividends for the period of January 1, 2026 through March 11, 2026, to Investor A and Investor B pro rata in accordance with their holdings of Series A Convertible Preferred Stock, and (iii) extend the expiration of the Warrants by one year, from November 3, 2026 to November 3, 2027, and each of Investor A and Investor B agreed to immediately thereafter convert its shares of Series A Convertible Preferred Stock to shares of Common Stock.

Remarks:

Michael Simanovsky, Conversant Capital's Managing Partner, and Robert T. Grove, a Principal of Conversant Capital, serve as members of the Issuer's board of directors. On the basis of the relationship between Messrs. Simanovsky and Grove and the Reporting Person, the Reporting Person may be considered a director of the Issuer for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.