Michael Simanovsky - 11 Mar 2026 Form 4 Insider Report for SONIDA SENIOR LIVING, INC. (SNDA)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: SNDA
Reported as of: 11 Mar 2026
Net transaction value: +$100,000,006
SEC form: 4
Accepted by SEC: 13 Mar 2026, 19:54:44 UTC
Prior SEC filing: 13 Jan 2025
Source filing: View source filing
Reporting owner signature: MICHAEL J. SIMANOVSKY by: /s/ Paul Dumaine, Attorney-in-fact for Michael J.Simanovsky

Key filing fact

Michael Simanovsky filed Form 4 for SONIDA SENIOR LIVING, INC. (SNDA) on 13 Mar 2026.

Key facts

This page summarizes Michael Simanovsky's Form 4 filing for SONIDA SENIOR LIVING, INC. (SNDA).
16 reported transactions and 10 derivative rows are listed below.
Accepted by SEC: 13 Mar 2026, 19:54.

Change

Previous filing in this sequence was filed on 13 Jan 2025.
Current net transaction value: +$100,000,006.

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 (7)

CIK 0001596522 Primary reporting owner

Simanovsky Michael

Relationship: Director, 10%+ Owner
Address: 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT
Signature: MICHAEL J. SIMANOVSKY by: /s/ Paul Dumaine, Attorney-in-fact for Michael J.Simanovsky
Signature date: 13 Mar 2026

CIK 0001850901

Conversant Capital LLC

Relationship: Director, 10%+ Owner
Address: 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT
Signature: CONVERSANT CAPITAL LLC by: /s/ Paul Dumaine, General Counsel and Chief Compliance Officer
Signature date: 13 Mar 2026

CIK 0001850910

Conversant GP Holdings LLC

Relationship: Director, 10%+ Owner
Address: 25 DEFOREST AVENUE,, 3RD FLOOR, SUMMIT
Signature: CONVERSANT GP HOLDINGS LLC by: Conversant GP Holdings LLC, its general partner by: /s/ Paul Dumaine, General Counsel and Chief Compliance Officer
Signature date: 13 Mar 2026

CIK 0001892127

Conversant Dallas Parkway (A) LP

Relationship: Director, 10%+ Owner
Address: 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT
Signature: CONVERSANT DALLAS PARKWAY (A) LP by: Conversant GP Holdings LLC, its general partner by: /s/ Paul Dumaine, General Counsel and Chief Compliance Officer
Signature date: 13 Mar 2026

CIK 0001892128

Conversant Dallas Parkway (B) LP

Relationship: Director, 10%+ Owner
Address: 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT
Signature: CONVERSANT DALLAS PARKWAY (B) LP by: Conversant GP Holdings LLC, its general partner by: /s/ Paul Dumaine, General Counsel and Chief Compliance Officer
Signature date: 13 Mar 2026

CIK 0002034835

Conversant Private GP LLC

Relationship: Director, 10%+ Owner
Address: 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT
Signature: CONVERSANT PRIVATE GP LLC by: /s/ Paul Dumaine, General Counsel and Chief Compliance Officer
Signature date: 13 Mar 2026

CIK 0002034747

Conversant PIF Aggregator A, LP

Relationship: Director, 10%+ Owner
Address: 25 DEFOREST AVENUE, 3RD FLOOR, SUMMIT
Signature: CONVERSANT PIF AGGREGATOR A LP by: Conversant Private GP LLC, its general partner by: /s/ Paul Dumaine, General Counsel and Chief Compliance Officer
Signature date: 13 Mar 2026

Reported non-derivative transactions

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

SNDA transaction

Common Stock

Purchase

Transaction value: $42,580,936
Shares: +1,592,406
Change %: +99%
Price: $26.74
Shares after: 3,199,998
Date: 11 Mar 2026
Ownership: See footnotes
Footnotes: F1, F2, F3

SNDA transaction

Common Stock

Purchase

Transaction value: $2,340,552
Shares: +87,530
Change %: +1.7%
Price: $26.74
Shares after: 5,353,689
Date: 11 Mar 2026
Ownership: See footnotes
Footnotes: F1, F4, F5

SNDA transaction

Common Stock

Purchase

Transaction value: $6,011,927
Shares: +224,829
Change %
Price: $26.74
Shares after: 224,829
Date: 11 Mar 2026
Ownership: See footnotes
Footnotes: F3, F9

SNDA transaction

Common Stock

Purchase

Transaction value: $49,066,590
Shares: +1,834,951
Change %
Price: $26.74
Shares after: 1,834,951
Date: 11 Mar 2026
Ownership: See footnotes
Footnotes: F3, F10

SNDA transaction

Common Stock

Options Exercise

Transaction value
Shares: +1,504,134
Change %: +28%
Price: $32.00^*
Shares after: 6,857,823
Date: 11 Mar 2026
Ownership: See footnotes
Footnotes: F4, F5

SNDA transaction

Common Stock

Options Exercise

Transaction value
Shares: +97,371
Change %: +14%
Price: $32.00^*
Shares after: 807,115
Date: 11 Mar 2026
Ownership: See footnotes
Footnotes: F5, F6

SNDA holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,032,216
Date: 11 Mar 2026
Ownership: See footnotes
Footnotes: F5, F7

SNDA holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 648,942
Date: 11 Mar 2026
Ownership: See footnotes
Footnotes: F5, F8

Reported derivative securities

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

SNDA transaction Derivative

Series A Convertible Preferred Stock

Disposed to Issuer

Transaction value
Shares: +38,742
Change %
Price
Shares after: 0
Date: 11 Mar 2026
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 1,203,308
Exercise price: $40.00
Footnotes: F4, F5, F11, F12

SNDA transaction Derivative

Series A Convertible Preferred Stock

Disposed to Issuer

Transaction value
Shares: +2,508
Change %
Price
Shares after: 0
Date: 11 Mar 2026
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 77,897
Exercise price: $40.00
Footnotes: F5, F6, F11, F12

SNDA transaction Derivative

Series A Convertible Preferred Stock

Award

Transaction value
Shares: +38,742
Change %
Price
Shares after: 38,742
Date: 11 Mar 2026
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 1,504,134
Exercise price: $32.00
Footnotes: F4, F5, F11, F12

SNDA transaction Derivative

Series A Convertible Preferred Stock

Award

Transaction value
Shares: +2,508
Change %
Price
Shares after: 2,508
Date: 11 Mar 2026
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 97,371
Exercise price: $32.00
Footnotes: F5, F6, F11, F12

SNDA transaction Derivative

Series A Convertible Preferred Stock

Options Exercise

Transaction value
Shares: +38,742
Change %
Price: $0.000000^*
Shares after: 0
Date: 11 Mar 2026
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 1,504,134
Exercise price: $32.00
Footnotes: F4, F5, F11

SNDA transaction Derivative

Series A Convertible Preferred Stock

Options Exercise

Transaction value
Shares: +2,508
Change %
Price: $0.000000^*
Shares after: 0
Date: 11 Mar 2026
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 97,371
Exercise price: $32.00
Footnotes: F5, F6, F11

SNDA transaction Derivative

Warrant

Disposed to Issuer

Transaction value
Shares: +968,538
Change %
Price
Shares after: 0
Date: 11 Mar 2026
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 968,538
Exercise price: $40.00
Footnotes: F4, F5, F12

SNDA transaction Derivative

Warrant

Disposed to Issuer

Transaction value
Shares: +62,712
Change %
Price
Shares after: 0
Date: 11 Mar 2026
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 62,712
Exercise price: $40.00
Footnotes: F5, F6, F12

SNDA transaction Derivative

Warrant

Award

Transaction value
Shares: +968,538
Change %
Price
Shares after: 968,538
Date: 11 Mar 2026
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 968,538
Exercise price: $40.00
Footnotes: F4, F5, F12

SNDA transaction Derivative

Warrant

Award

Transaction value
Shares: +62,712
Change %
Price
Shares after: 62,712
Date: 11 Mar 2026
Ownership: See footnotes
Underlying class: Common Stock
Underlying amount: 62,712
Exercise price: $40.00
Footnotes: F5, F6, F12

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 12 footnotes

Footnote F1

This Form 4 is being filed jointly by Michael Simanovsky, a United States citizen; Conversant Capital LLC, a Delaware limited liability company ("Conversant Capital"); Conversant GP Holdings LLC, a Delaware limited liability company ("Conversant GP"); Conversant Dallas Parkway (A) LP, a Delaware limited partnership ("Investor A"); Conversant Dallas Parkway (B) LP, a Delaware limited partnership ("Investor B"); Conversant Private GP LLC, a Delaware limited liability company ("Conversant Private GP") and Conversant PIF Aggregator A LP, a Delaware limited partnership ("Aggregator A") (collectively the filing persons are the "Reporting Persons").

Footnote F2

Securities are held by Aggregator A.

Footnote F3

Conversant Private GP is the general partner of Aggregator A, CPIF K Co-Invest SPT A, L.P., a Cayman Islands exempted limited partnership ("CPIF K") and CPIF Sparti SAF, L.P., a Delaware limited partnership ("CPIF SAF") and Conversant Capital is the investment manager to Aggregator A, CPIF K and CPIF SAF. Mr. Simanovsky is the managing member of Conversant Capital and Conversant Private GP. By virtue of these relationships, each of Mr. Simanovsky, Conversant Capital and Conversant Private GP may be deemed a beneficial owner of the securities held by Aggregator A, CPIF K and CPIF SAF. Mr. Simanovsky, Conversant Capital and Conversant Private GP, each disclaims beneficial ownership of the securities held by Aggregator A, CPIF K and CPIF SAF except to the extent of his or its pecuniary interest therein.

Footnote F4

Securities are held by Investor A.

Footnote F5

Conversant GP is the general partner of each of Investor A, Investor B, Conversant Dallas Parkway (D) LP, a Delaware limited partnership ("Investor D") and Conversant Dallas Parkway (F) LP, a Delaware limited partnership ("Investor F"). Conversant Capital is the investment manager to each of Investor A, Investor B, Investor D and Investor F. Mr. Simanovsky is the managing member of Conversant Capital and Conversant GP. By virtue of these relationships, each of Mr. Simanovsky, Conversant Capital and Conversant GP may be deemed a beneficial owner of the securities held by each of Investor A, Investor B, Investor D and Investor F. Mr. Simanovsky, Conversant Capital, and Conversant GP each disclaims beneficial ownership of the securities held by Investor A, Investor B, Investor D and Investor F except to the extent of his or its pecuniary interest therein.

Footnote F6

Securities are held by Investor B.

Footnote F7

Securities are held by Investor D.

Footnote F8

Securities are held by Investor F.

Footnote F9

Securities are held by CPIF K.

Footnote F10

Securities are held by CPIF SAF.

Footnote F11

There is no expiration date for the right of the holder of Series A Convertible Preferred Stock to convert.

Footnote F12

On March 11, 2026, the Issuer agreed with each of Investor A and Investor B to (i) amend the shares of Series A Convertible Preferred Stock to reduce the conversion price to $32 per share of Common Stock, (ii) make a onetime payment of approximately $5.8 million in the aggregate, which included approximately $1.1 million of accrued but unpaid dividends for the period of January 1, 2026 through March 11, 2026, to Investor A and Investor B pro rata in accordance with their holdings of Series A Convertible Preferred Stock, and (iii) extend the expiration of the Warrants by one year, from November 3, 2026 to November 3, 2027, and each of Investor A and Investor B agreed to immediately thereafter convert its shares of Series A Convertible Preferred Stock to shares of Common Stock.

SEC remarks

Michael Simanovsky, Conversant Capital's Managing Partner, and Robert T. Grove, a Principal of Conversant Capital, serve as members of the Issuer's board of directors. On the basis of the relationship between Messrs. Simanovsky and Grove and the Reporting Person, the Reporting Person may be considered a director of the Issuer for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.