Arbiter Partners Amends Sonida Senior Living Stake

TL;DR

Arbiter Partners updated their Sonida Senior Living stake filing. Watch for potential moves.

AI Summary

Arbiter Partners Capital Management LLC, through Joshua Musher, has amended its Schedule 13D filing regarding Sonida Senior Living, Inc. The filing, dated May 9, 2024, indicates a change in the beneficial ownership of the company's common stock. Arbiter Partners Capital Management LLC is based in New York, NY.

Why It Matters

This amendment signals potential shifts in significant shareholder influence or strategy for Sonida Senior Living, Inc., which could impact its stock performance and corporate governance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, introducing uncertainty.

Key Players & Entities

• Arbiter Partners Capital Management LLC (company) — Filing entity
• Sonida Senior Living, Inc. (company) — Subject company
• Joshua Musher (person) — Representative for Arbiter Partners
• 0001140361-24-025123 (filing_id) — SEC Filing Accession Number
• 20240509 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 — f 5,026,318 shares of the common stock, $0.01 par value, of the Company (the " Common
• $9.50 — ny (the " Common Stock ") at a price of $9.50 per share (the " Private Placement ").
• $29.28 — al Management LLC 04/01/2024 (5,500) $29.28 Arbiter Partners Capital Management LL
• $28.02 — al Management LLC 04/02/2024 (3,817) $28.02 Arbiter Partners Capital Management LL
• $28.91 — al Management LLC 04/03/2024 (8,900) $28.91 Arbiter Partners Capital Management LL
• $28.35 — al Management LLC 04/04/2024 (3,404) $28.35 Arbiter Partners Capital Management LL
• $28.53 — al Management LLC 04/05/2024 (5,121) $28.53 Arbiter Partners Capital Management LL
• $28.30 — al Management LLC 04/08/2024 (2,448) $28.30 Arbiter Partners Capital Management LL
• $27.94 — al Management LLC 04/09/2024 (2,118) $27.94 Arbiter Partners Capital Management LL
• $26.35 — al Management LLC 04/10/2024 (5,376) $26.35 Arbiter Partners Capital Management LL
• $27.72 — al Management LLC 04/11/2024 (3,937) $27.72 Arbiter Partners Capital Management LL
• $27.98 — al Management LLC 04/12/2024 (1,672) $27.98 Arbiter Partners Capital Management LL
• $28.46 — al Management LLC 04/15/2024 (5,300) $28.46 Arbiter Partners Capital Management LL
• $29.00 — apital Management LLC 04/16/2024 (8) $29.00 1 Percentages of the shares of Common
• $28.58 — al Management LLC 04/17/2024 (4,161) $28.58 Arbiter Partners Capital Management LL

Filing Documents

• ef20028206_sc13da.htm (SC 13D/A) — 115KB
• 0001140361-24-025123.txt ( ) — 117KB

(a) and Item 5(b) of the Schedule 13D are hereby amended by replacing them in their entirety with the following

Item 5(a) and Item 5(b) of the Schedule 13D are hereby amended by replacing them in their entirety with the following : (a) – (b) APCM may be deemed to own beneficially 403,324 shares of Common Stock, or 3.1% of the Common Stock outstanding. 1 Of these shares, 377,355 or 2.9% are held by Arbiter Partners QP LP (" APQ "), and the remainder are held in accounts managed and/or administered by APCM including accounts for the benefit of the family of Paul J. Isaac (the " Accounts "). By reason of its position as investment adviser to APQ and as manager and/or administrator of the Accounts, APCM may be deemed to possess the power to vote and dispose of the shares of Common Stock held by APQ and the Common Stock held in the Accounts. By reason of his responsibility for the supervision and conduct of all investment activities of APCM, Mr. Isaac may be deemed to possess the power to vote and dispose of the shares of Common Stock beneficially owned by APCM. In addition, Mr. Isaac directly owns 62,782 shares of Common Stock.

(c) of the Schedule 13D is hereby amended by the addition of the following

Item 5(c) of the Schedule 13D is hereby amended by the addition of the following: (c) The following table sets forth all transactions by any of the Reporting Persons since the last amendment to this Schedule 13D was filed on March 3, 2023. Unless otherwise indicated, all such transactions were effectuated in the open market through a broker. Name of Reporting Person Date of Transaction Number of Shares Purchased (Sold) Price per Share Paul J. Isaac 02 /20/2024 35,088* $9.50 Paul J. Isaac 03 /27/2024 17,544* $9.50 Arbiter Partners Capital Management LLC 04/01/2024 (5,500) $29.28 Arbiter Partners Capital Management LLC 04/02/2024 (3,817) $28.02 Arbiter Partners Capital Management LLC 04/03/2024 (8,900) $28.91 Arbiter Partners Capital Management LLC 04/04/2024 (3,404) $28.35 Arbiter Partners Capital Management LLC 04/05/2024 (5,121) $28.53 Arbiter Partners Capital Management LLC 04/08/2024 (2,448) $28.30 Arbiter Partners Capital Management LLC 04/09/2024 (2,118) $27.94 Arbiter Partners Capital Management LLC 04/10/2024 (5,376) $26.35 Arbiter Partners Capital Management LLC 04/11/2024 (3,937) $27.72 Arbiter Partners Capital Management LLC 04/12/2024 (1,672) $27.98 Arbiter Partners Capital Management LLC 04/15/2024 (5,300) $28.46 Arbiter Partners Capital Management LLC 04/16/2024 (8) $29.00 1 Percentages of the shares of Common Stock outstanding reported in this Amendment No. 7 are calculated based upon 13,204,164 shares of Common Stock outstanding, as reported in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on March 27, 2024. 4 Arbiter Partners Capital Management LLC 04/17/2024 (4,161) $28.58 Arbiter Partners Capital Management LLC 04/18/2024 (4,323) $29.73 Arbiter Partners Capital Management LLC 04/19/2024 (2,000) $30.37 Arbiter Partners Capital Management LLC 04/22/2024 (2,650) $30.01 Arbiter Partners Capital Management LLC 04/2

View Full Filing

View this SC 13D/A filing on SEC EDGAR