Craig M. Smith - Dec 7, 2021 Form 3 Insider Report for Vacasa, Inc. (VCSA)

Role
Chief Operating Officer
Signature
By: /s/ Jamie Cohen, Attorney-in-Fact
Stock symbol
VCSA
Transactions as of
Dec 7, 2021
Transactions value $
$0
Form type
3
Date filed
12/7/2021, 07:53 PM

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
holding VCSA Vacasa Employee Holdings LLC Interests Dec 7, 2021 Vacasa Holdings Units 1.13M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vacasa Employee Holdings LLC Interests are convertible at the option of the holder for Vacasa Holdings Units on a 1-for-1 basis, subject to applicable vesting conditions.
F2 The term "Vacasa Holdings Units" represent limited liability company units of Vacasa Holdings LLC and an equal number of paired shares of Class B Common Stock of the Issuer, which, pursuant to the limited liability company agreement of Vacasa Holdings LLC, are together redeemable by the holder on a 1-for-1 basis for, at the option of the Issuer (i) a share of Class A 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, the Issuer will cancel and retire for no consideration the redeemed shares of Class B Common Stock and Vacasa Holdings LLC will register the Issuer as the owner of the redeemed Units. 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.

Remarks:

Exhibit 24 - Power of Attorney.