DAVIDSON KEMPNER CAPITAL MANAGEMENT LP - 30 Apr 2025 Form 4 Insider Report for Vacasa, Inc. (VCSA)

Reporting relationship: 10%+ Owner
Issuer ticker: VCSA
Reported as of: 30 Apr 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 05 May 2025, 18:22:48 UTC
Prior SEC filing: 07 Feb 2025
Next SEC filing: 16 May 2025
Source filing: View source filing
Reporting owner signature: /s/ M.H. Davidson & Co., By: M.H. Davidson & Co. GP, L.L.C., its General Partner, By: Davidson Kempner Liquid GP Topco LLC, its Managing Member, By: Anthony A. Yoseloff, its Executive Managing Member

Key filing fact

DAVIDSON KEMPNER CAPITAL MANAGEMENT LP filed Form 4 for Vacasa, Inc. (VCSA) on 05 May 2025.

Key facts

This page summarizes DAVIDSON KEMPNER CAPITAL MANAGEMENT LP's Form 4 filing for Vacasa, Inc. (VCSA).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 05 May 2025, 18:22.

Change

Previous filing in this sequence was filed on 07 Feb 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (6)

CIK 0001595082 Primary reporting owner

DAVIDSON KEMPNER CAPITAL MANAGEMENT LP

Relationship: 10%+ Owner
Address: 9 WEST 57TH STREET, 29TH FLOOR, NEW YORK
Signature: /s/ M.H. Davidson & Co., By: M.H. Davidson & Co. GP, L.L.C., its General Partner, By: Davidson Kempner Liquid GP Topco LLC, its Managing Member, By: Anthony A. Yoseloff, its Executive Managing Member
Signature date: 05 May 2025

CIK 0001336624

M.H. DAVIDSON & CO.

Relationship: 10%+ Owner
Address: 885 THIRD AVENUE, SUITE 3300, NEW YORK
Signature: /s/ Davidson Kempner Opportunistic Credit LP, By: Davidson Kempner Opportunistic Credit GP LLC, its General Partner, By: Davidson Kempner Liquid GP Topco LLC, its Managing Member, By: /s/ Anthony A. Yoseloff, its Executive Managing Member
Signature date: 05 May 2025

CIK 0001981303

Davidson Kempner Opportunistic Credit LP

Relationship: 10%+ Owner
Address: 9 WEST 57TH STREET, 29TH FLOOR, NEW YORK
Signature: /s/ DKOF VI Trading Subsidiary LP, By: Davidson Kempner Opportunities GP VI LLC, its General Partner, By: Davidson Kempner Drawdown GP Topco LLC, its Managing Member, By: Anthony A. Yoseloff, its Executive Managing Member
Signature date: 05 May 2025

CIK 0002015526

DKOF VI Trading Subsidiary LP

Relationship: 10%+ Owner
Address: C/O WALKERS CORPORATE LIMITED, 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN, CAYMAN ISLANDS
Signature: /s/ DK VCSA Lender LLC, By: Madave Management LLC, its Manager, By: Anthony A. Yoseloff, its Executive Managing Member
Signature date: 05 May 2025

CIK 0002033017

DK VSCA Lender LLC

Relationship: 10%+ Owner
Address: 9 WEST 57TH STREET, 29TH FLOOR, NEW YORK
Signature: /s/ Davidson Kempner Capital Management LP, By: Anthony A. Yoseloff, its Executive Managing Member
Signature date: 05 May 2025

CIK 0001308274

YOSELOFF ANTHONY ALEXANDER

Relationship: 10%+ Owner
Address: 9 WEST 57TH STREET, 29TH FLOOR, NEW YORK
Signature: /s/ Anthony A. Yoseloff
Signature date: 05 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VCSA transaction

Class A Common Stock, par value $0.00001 per share

Other

Transaction value
Shares: -1,517,381
Change %: -100%
Price
Shares after: 0
Date: 30 Apr 2025
Ownership: See footnotes
Footnotes: F1, F2, F4, F5, F6, F7

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VCSA transaction Derivative

Senior Secured Convertible Notes ("Notes")

Other

Transaction value
Shares: -7,821,677
Change %: -100%
Price
Shares after: 0
Date: 30 Apr 2025
Ownership: See footnotes
Underlying class: Class A Common Stock
Underlying amount: 7,821,677
Exercise price
Footnotes: F1, F3, F5, F6, F7, F8, F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

DAVIDSON KEMPNER CAPITAL MANAGEMENT LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 9 footnotes

Footnote F1

On April 30, 2025, upon the closing of the transactions described in the Issuer's Current Report on Form 8-K filed with the SEC on May 1, 2025 (the "Closing Date"), (i) each share of Class A Common Stock held by the DK Holders (as defined in footnote 2) was converted into $5.30 in cash and (ii) the Notes held by DK VCSA Lender (as defined in footnote 2) were cashed out at $5.30 per share of Class A Common Stock on an as-converted basis.

Footnote F2

The securities reported on this line were held directly by: (i) M.H. Davidson & Co., a New York limited partnership ("CO"), (ii) Davidson Kempner Opportunistic Credit LP, a Cayman Islands exempted limited partnership ("DKOPPC"), (iii) DKOF VI Trading Subsidiary LP, a Cayman Islands exempted limited partnership ("DKOF VI") and (iv) DK VCSA Lender LLC, a Delaware limited liability company ("DK VCSA Lender" and together with CO, DKOPPC and DKOF VI, the "DK Holders").

Footnote F3

The securities reported on this line were held directly by DK VCSA Lender.

Footnote F4

M.H. Davidson & Co. GP, L.L.C., a Delaware limited liability company ("CO GP"), is the general partner of CO and Davidson Kempner Liquid GP Topco LLC, a Delaware limited liability company ("Liquid GP Topco"), is the managing member of CO GP. Davidson Kempner Opportunistic Credit GP LLC, a Delaware limited liability company ("DKOPPC GP"), is the general partner of DKOPPC and Liquid GP Topco is the managing member of DKOPPC. Davidson Kempner Opportunities GP VI LLC, a Delaware limited liability company ("DKOF VI GP"), is the general partner of DKOF VI and Davidson Kempner Drawdown GP Topco LLC, a Delaware limited liability company, is the managing member of DKOF VI GP. (Continued in footnote 5)

Footnote F5

Madave Management LLC, a Delaware limited liability company ("Madave"), is the manager of DK VCSA Lender. The executive managing member of Madave is Anthony A. Yoseloff and the co-deputy executive managing members of Madave are Patrick W. Dennis and Gabriel T. Schwartz. (Continued in footnote 6)

Footnote F6

Davidson Kempner Capital Management LP ("DKCM"), a Delaware limited partnership and a registered investment adviser with the U.S. Securities and Exchange Commission (the "SEC"), acts as investment manager to each of the DK Holders. DKCM GP LLC, a Delaware limited liability company, is the general partner of DKCM. The managing members of DKCM are Anthony A. Yoseloff, Conor Bastable, Shulamit Leviant, Morgan P. Blackwell, Patrick W. Dennis, Gabriel T. Schwartz, Zachary Z. Altschuler, Joshua D. Morris, Suzanne K. Gibbons, Gregory S. Feldman, Melanie Levine and James Li. Mr. Anthony A. Yoseloff, through DKCM, is responsible for the voting and investment decisions relating to the securities held by the DK Holders.

Footnote F7

The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, if any.

Footnote F8

Subject to certain conditions, at any time on or after the applicable issuance date, holders of Notes had the option to convert all or a portion of the Notes into shares of Class A Common Stock. The initial conversion price of the Notes was $4.16, which is subject to customary anti-dilution adjustments. The Notes were terminated on the Closing Date before the scheduled maturity date of August 7, 2029.

Footnote F9

Includes accrued interest through the Closing Date.