Mossytree Inc. - Feb 12, 2024 Form 4 Insider Report for Vacasa, Inc. (VCSA)

Role: 10%+ Owner
Signature: Eric Breon
Stock symbol: VCSA
Transactions as of: Feb 12, 2024
Transactions value $: -$219,958
Form type: 4
Date filed: 2/14/2024, 08:02 PM
Previous filing: Feb 12, 2024
Next filing: Feb 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VCSA	Class A Common Stock	Options Exercise	$0	+550K	+294.89%	$0.00	737K	Feb 12, 2024	Held through Mossytree Inc.	F1, F2
transaction	VCSA	Class A Common Stock	Sale	-$105K	-11.5K	-1.56%	$9.08	725K	Feb 13, 2024	Held through Mossytree Inc.	F2
transaction	VCSA	Class A Common Stock	Sale	-$115K	-12.5K	-1.72%	$9.24	713K	Feb 14, 2024	Held through Mossytree Inc.	F2

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 Holding Units	Options Exercise	$0	-550K	-22.75%	$0.00	1.87M	Feb 12, 2024	Class A Common Stock	550K		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.

Content

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.

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.