Mudrick Capital Management, L.P. - Jan 10, 2022 Form 4 Insider Report for Thryv Holdings, Inc. (THRY)

Signature
See Signatures Included in Exhibit 99.1
Stock symbol
THRY
Transactions as of
Jan 10, 2022
Transactions value $
-$4,082,081
Form type
4
Date filed
1/12/2022, 08:03 PM
Previous filing
Jan 4, 2022
Next filing
Feb 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction THRY Common Stock Sale -$1.8M -50K -0.51% $36.00 9.73M Jan 10, 2022 See Notes F1, F2, F3, F4
transaction THRY Common Stock Sale -$186K -5.09K -0.05% $36.55 9.73M Jan 11, 2022 See Notes F1, F2, F5, F6, F7
transaction THRY Common Stock Sale -$321K -8.85K -0.09% $36.28 9.72M Jan 11, 2022 Direct F8, F9
transaction THRY Common Stock Sale -$1.78M -50K -0.51% $35.50 9.67M Jan 12, 2022 See Notes F1, F2, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is filed by the following Reporting Persons: Mudrick Capital Management, L.P. ("MCM"), Jason Mudrick, Mudrick Distressed Opportunity Fund Global, LP, and Verto Direct Opportunity II, LP.
F2 Mr. Mudrick is the sole member of Mudrick Capital Management, LLC, which is the general partner of MCM. MCM is the investment manager of the following entities: Mudrick Distressed Opportunity Fund Global, LP; Mudrick Distressed Opportunity Drawdown Fund, LP; Mudrick Distressed Opportunity Drawdown Fund II, LP; Verto Direct Opportunity II, LP; Boston Patriot Batterymarch St LLC; Blackwell Partners LLC Series A; P Mudrick LTD; and Mudrick Distressed Opportunity Specialty Fund, LP. Mr. Mudrick is the managing member of Verto Direct Opportunity GP, LLC, which is the general partner of Verto Direct Opportunity II, LP. Each Reporting Person and each of the aforementioned entities disclaims beneficial ownership of any equity securities of the Issuer except to the extent of such person's or entity's pecuniary interest therein, if any.
F3 Represents shares of Common Stock sold by the following entities: 14,423 by Mudrick Distressed Opportunity Fund Global, LP; 5,635 by Blackwell Partners LLC Series A; 7,427 by Boston Patriot Batterymarch St LLC; 1,425 by P Mudrick Ltd.; 6,512 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 12,404 by Verto Direct Opportunity II, LP; 460 by Verto Direct Opportunity GP, LLC (through Jason Mudrick to whom these shares were distributed in connection with the sale); 683 by Mudrick Distressed Opportunity Specialty Fund, LP; and 1,031 by Mudrick Distressed Opportunity Drawdown Fund, LP.
F4 Represents shares of Common Stock directly held following the sale as follows: 2,904,134 by Mudrick Distressed Opportunity Fund Global, LP; 1,134,496 by Blackwell Partners LLC Series A; 1,495,308 by Boston Patriot Batterymarch St LLC; 286,911 by P Mudrick LTD; 1,311,149 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 2,497,426 by Verto Direct Opportunity II, LP; 92,525 by Verto Direct Opportunity GP, LLC; 0 by Mudrick Distressed Opportunity Specialty Fund, LP; 0 by Mudrick Distressed Opportunity Drawdown Fund, LP; and 8,848 by Jason Mudrick.
F5 Represents shares of Common Stock sold by the following entities: 1,521 by Mudrick Distressed Opportunity Fund Global, LP; 594 by Blackwell Partners LLC Series A; 783 by Boston Patriot Batterymarch St LLC; 150 by P Mudrick Ltd.; 687 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 1,308 by Verto Direct Opportunity II, LP; and 48 by Verto Direct Opportunity GP, LLC (through Jason Mudrick to whom these shares were distributed in connection with the sale).
F6 The shares of Common Stock were sold in multiple transactions at prices ranging from $36.55 to $36.60, inclusive. The Reporting Persons undertake to provide to the Issuer, any securityholder or the Securities and Exchange Commission upon request, full information regarding the number shares sold at each separate price within the range.
F7 Represents shares of Common Stock directly held following the sale as follows: 2,902,613 by Mudrick Distressed Opportunity Fund Global, LP; 1,133,902 by Blackwell Partners LLC Series A; 1,494,525 by Boston Patriot Batterymarch St LLC; 286,761 by P Mudrick LTD; 1,310,462 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 2,496,118 by Verto Direct Opportunity II, LP; 92,477 by Verto Direct Opportunity GP, LLC; and 8,848 by Jason Mudrick.
F8 The shares of Common Stock were sold by Jason Mudrick in multiple transactions at prices ranging from $36.00 to $36.59, inclusive. Mr. Mudrick undertakes to provide to the Issuer, any securityholder or the Securities and Exchange Commission upon request, full information regarding the number shares sold at each separate price within the range.
F9 Represents shares of Common Stock held by the following entities following the sale: 2,902,613 by Mudrick Distressed Opportunity Fund Global, LP; 1,133,902 by Blackwell Partners LLC Series A; 1,494,525 by Boston Patriot Batterymarch St LLC; 286,761 by P Mudrick LTD; 1,310,462 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 2,496,118 by Verto Direct Opportunity II, LP; 92,477 by Verto Direct Opportunity GP, LLC; and 0 by Jason Mudrick.
F10 Represents shares of Common Stock sold by the following entities: 14,936 by Mudrick Distressed Opportunity Fund Global, LP; 5,835 by Blackwell Partners LLC Series A; 7,690 by Boston Patriot Batterymarch St LLC; 1,476 by P Mudrick Ltd.; 6,743 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 12,844 by Verto Direct Opportunity II, LP; and 476 by Verto Direct Opportunity GP, LLC (through Jason Mudrick to whom these shares were distributed in connection with the sale).
F11 Represents shares of Common Stock directly held following the sale as follows: 2,887,677 by Mudrick Distressed Opportunity Fund Global, LP; 1,128,067 by Blackwell Partners LLC Series A; 1,486,835 by Boston Patriot Batterymarch St LLC; 285,285 by P Mudrick LTD; 1,303,719 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 2,483,274 by Verto Direct Opportunity II, LP; and 92,001 by Verto Direct Opportunity GP, LLC.

Remarks:

Exhibit 99.1 (Joint Filer Information) is incorporated herein by reference.