Form 4: Vacasa, Inc. Completes Merger, Level Equity's Benjamin Levin Reports Ownership Changes

Benjamin Levin, a director and 10% owner of Vacasa, Inc., reports changes in beneficial ownership following the completion of a merger with Vista Merger Sub II Inc. and Vista Merger Sub LLC on April 30, 2025.

Summary

• On April 30, 2025, Vacasa, Inc. completed a merger with Vista Merger Sub II Inc. and Vista Merger Sub LLC, subsidiaries of Casago Holdings, LLC.
• As a result of the merger, Vacasa Holdings LLC became a wholly-owned subsidiary of Parent.
• Prior to the merger, Level Equity conducted an internal restructuring, contributing shares of Class A Common Stock to its wholly-owned subsidiaries.
• Level Equity's shares of Vacasa's stock and Vacasa Holdings Units were contributed to Parent in exchange for equity interests valued at $5.30 per share.
• Benjamin Levin, a director of Vacasa, ceased to be a member of the Board of Directors upon the effectiveness of the Mergers.
• Levin disclaims beneficial ownership of the securities held by the LE Stockholders, except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as the merger provides liquidity to shareholders. The completion of the merger is a significant event, but the document itself is a standard regulatory filing.

Positives

• The completion of the merger provides liquidity to shareholders at $5.30 per share.

Future Outlook

NA

Industry Context

This announcement reflects ongoing consolidation activity within the vacation rental industry, as Vacasa is acquired by Casago Holdings, LLC.

Management Changes

Stakeholder Impact

• Shareholders received $5.30 per share as a result of the merger.
• Employees may experience changes as a result of the acquisition by Casago Holdings, LLC.

Key Dates

Keywords

Merger, Vacasa, Level Equity, Beneficial Ownership, Form 4, VCSA, Shares, Holdings Units