Slta V (Gp), L.L.C. - Mar 11, 2025 Form 4 Insider Report for Vacasa, Inc. (VCSA)

Signature
By: /s/ Andrew J. Schader, Managing Director and General Counsel of Silver Lake Group, L.L.C.
Stock symbol
VCSA
Transactions as of
Mar 11, 2025
Transactions value $
$0
Form type
4
Date filed
3/13/2025, 05:50 PM
Previous filing
Jan 13, 2025
Next filing
May 2, 2025

Transactions Table

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 VCSA Vacasa Holdings Units Conversion of derivative security -1.94M -80% 484K Mar 11, 2025 Class A Common Stock 1.94M Held through SLP Venice Holdings, L.P. F1, F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of the limited liability company agreement of Vacasa Holdings, LLC, limited liability company units of Vacasa Holdings, LLC and an equal number of paired shares of Class B Common Stock are together redeemable by the holder on a one-for-one basis for, at the option of Vacasa, Inc. (the "Issuer") into (i) one share of Common Stock, subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions or (ii) an equivalent amount of cash. Upon redemption, Vacasa Holdings, LLC will cancel and retire for no consideration the redeemed shares of Class B Common Stock. Shares of Class B Common Stock of the Issuer have no economic rights and each share of Class B Common Stock entitles its holder to 1 vote per share.
F2 Represents securities held by SLP Venice Holdings, L.P.
F3 Represents securities held by SLP V Venice Feeder I, L.P.
F4 SLP V Aggregator GP, L.L.C. ("SLP V GP") is the general partner of SLP Venice Holdings, L.P. Silver Lake Technology Associates V, L.P. ("SLTA V") is the managing member of SLP V GP and the general partner of SLP V Venice Feeder I, L.P. SLTA V (GP), L.L.C. ("SLTA V GP") is the general partner of SLTA V. Silver Lake Group, L.L.C. ("SLG") is the managing member of SLTA V GP. Messrs. Joerg Adams and Ryan Bone serve as members of the board of directors of the Issuer and are employees of an affiliate of SLG. Each of SLP V Venice Feeder I, L.P., SLP Venice Holdings, L.P., SLP V GP, SLTA V, SLTA V GP, and SLG may be deemed to be a director by deputization of the Issuer.
F5 Reflects the 1-for-20 reverse stock split effected by the Issuer on October 3, 2023.