Ortelius Advisors, L.P. - Dec 21, 2023 Form 4 Insider Report for SONIDA SENIOR LIVING, INC. (SNDA)

Role: 10%+ Owner
Signature: ORTELIUS ADVISORS, L.P. By: Ortelius Management, LLC, its general partner By: /s/ Peter DeSorcy, Managing Member
Stock symbol: SNDA
Transactions as of: Dec 21, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/22/2023, 04:05 PM
Previous filing: Mar 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SNDA	Common Stock	Purchase	$2.69M	+269K	+65.37%	$10.00	680K	Dec 21, 2023	See footnotes	F1, F3
transaction	SNDA	Common Stock	Sale	-$2.69M	-269K	-28.33%	$10.00	680K	Dec 21, 2023	See footnotes	F2, F3

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

Explanation of Responses:

Id	Content
F1	Pangaea Ventures, L.P. ("Pangaea") acquired 268,630 shares from Hudson Investors, Ltd. ("Hudson"), which was previously included as a reporting person with the reporting persons named herein. Accordingly, the aggregate amount of shares beneficially owned by the reporting persons is unchanged. All of these shares are held by Pangaea.
F2	Hudson disposed of 268,630 shares to Pangaea. Hudson was previously included as a reporting person with the reporting persons named herein. Accordingly, the aggregate amount of shares beneficially owned by the reporting persons is unchanged. None of these shares are held by Hudson. Accordingly, Hudson and Ortelius Capital Partners, LLC, the investment manager of Hudson, have been removed as reporting persons.
F3	Ortelius Advisors, L.P. ("Ortelius Advisors") is the investment manager of Pangaea. Peter DeSorcy is the Managing Member of the general partner of Ortelius Advisors and has a controlling interest in Ortelius Advisors. Each of Ortelius Advisors and Mr. DeSorcy disclaims beneficial ownership of any of the shares of common stock owned by Pangaea, except to the extent of their pecuniary interest therein.