Form 4: Davidson Kempner Exits Vacasa, Inc. Position Following Cash-Out
SEC Form 4 Filing
Davidson Kempner Capital Management and affiliated entities report the complete disposal of their Vacasa, Inc. holdings, including Class A Common Stock and Senior Secured Convertible Notes, following a cash-out transaction.
Summary
- Davidson Kempner Capital Management LP and related entities, including M.H. Davidson & Co., Davidson Kempner Opportunistic Credit LP, DKOF VI Trading Subsidiary LP, and DK VCSA Lender LLC, have reported changes in their beneficial ownership of Vacasa, Inc. securities.
- On April 30, 2025, the DK Holders' Class A Common Stock was converted into $5.30 in cash per share.
- The Senior Secured Convertible Notes held by DK VCSA Lender were also cashed out at $5.30 per share of Class A Common Stock on an as-converted basis.
- As a result of these transactions, the reporting persons no longer hold any Class A Common Stock or Senior Secured Convertible Notes of Vacasa, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document primarily reports a completed transaction without expressing positive or negative views.
Industry Context
This announcement reflects a specific investment decision by Davidson Kempner regarding Vacasa, and may not be indicative of broader trends in the vacation rental industry or the sentiment of other institutional investors.
Key Dates
| Date | Description |
|---|---|
| 04/30/2025 | Date of transaction: Class A Common Stock converted to cash and Senior Secured Convertible Notes cashed out. |
| 05/01/2025 | Issuer's Current Report on Form 8-K filed with the SEC describing the transactions. |
| 05/05/2025 | Date of signatures for the Form 4 filings. |
| 08/07/2029 | Scheduled maturity date of the Notes before termination. |
Keywords
Vacasa, Davidson Kempner, Beneficial Ownership, Form 4, Securities, Cash-Out, Convertible Notes, Class A Common Stock
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