Eric Breon - Jun 6, 2022 Form 4 Insider Report for Vacasa, Inc. (VCSA)

Role: Director, 10%+ Owner
Signature: By: /s/ Lisa Jurinka, Attorney-in-Fact for Eric Breon
Stock symbol: VCSA
Transactions as of: Jun 6, 2022
Transactions value $: -$2,050,270
Form type: 4
Date filed: 6/8/2022, 06:56 PM
Previous filing: May 25, 2022
Next filing: Jun 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VCSA	Class A Common Stock	Options Exercise	$0	+4M	+660.31%	$0.00	4.61M	Jun 6, 2022	Held through Mossytree Inc.	F1, F2
transaction	VCSA	Class A Common Stock	Sale	-$1.67M	-415K	-9.01%	$4.04^*	4.19M	Jun 6, 2022	Held through Mossytree Inc.	F2, F3
transaction	VCSA	Class A Common Stock	Sale	-$376K	-100K	-2.39%	$3.76^*	4.09M	Jun 7, 2022	Held through Mossytree Inc.	F2, F4
holding	VCSA	Class A Common Stock						34K	Jun 6, 2022	Direct

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	Options Exercise	$0	-4M	-6.14%	$0.00	61.1M	Jun 6, 2022	Class A Common Stock	4M		Held through Mossytree Inc.	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The term "Vacasa Holdings Units" is used herein to 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 one-for-one 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 the redemption of the units, the Issuer cancelled and retired for no consideration an equivalent number of shares of Class B common stock and Vacasa Holdings LLC registered 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.
F2	Eric Breon is the President of Mossytree Inc. As a result, Mr. Breon may be deemed to share beneficial ownership of the shares held directly by Mossytree Inc.
F3	This transaction was executed in multiple trades at prices ranging from $4.00 to $4.23. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4	This transaction was executed in multiple trades at prices ranging from $3.75 to $3.78. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.