Conversant Capital Amends Sonida Senior Living Stake

TL;DR

Conversant Capital updated its 13D on Sonida Senior Living, Inc. on 10/17/24.

AI Summary

Conversant Capital LLC, through various entities including Conversant Dallas Parkway (A) LP, has amended its Schedule 13D filing regarding Sonida Senior Living, Inc. The filing, dated October 17, 2024, indicates a change in beneficial ownership. Conversant Capital LLC, with a business address in Summit, NJ, is the filer.

Why It Matters

This amendment signals a potential shift in control or strategy for Sonida Senior Living, Inc., as a significant investor updates its holdings.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, which can introduce volatility.

Key Players & Entities

• Conversant Capital LLC (company) — Filer of the Schedule 13D/A
• Sonida Senior Living, Inc. (company) — Subject company of the filing
• Conversant Dallas Parkway (A) LP (company) — Group member of the filer
• Michael J. Simanovsky (person) — Group member of the filer

FAQ

Key Financial Figures

• $0.01 — , Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of
• $22.96 — (i) 9,564 shares of Common Stock for a $22.96 per share price for a total of $219,875
• $219,875.40 — a $22.96 per share price for a total of $219,875.40 purchased on October 14, 2024; (ii) 15,
• $23.95 — ii) 15,927 shares of Common Stock for a $23.95 per share price for a total of $381,851
• $381,851.42 — a $23.95 per share price for a total of $381,851.42 purchased on October 15, 2024 and (iii)
• $25.46 — iii) 8,957 shares of Common Stock for a $25.46 per share price for a total of $228,302
• $228,302.29 — a $25.46 per share price for a total of $228,302.29 purchased on October 16, 2024, the Repo

Filing Documents

• ff4003040_13da6-conversant.htm (SC 13D/A) — 541KB
• exhibit99.htm (EX-99.1 CHARTER) — 22KB
• 0000895345-24-000439.txt ( ) — 565KB

is hereby amended and restated to read as follows

Item 2 is hereby amended and restated to read as follows: (a), (f) This Schedule 13D is being filed pursuant to Rule 13d-1(a) under the Securities Exchange Act of 1934, as amended (the " Exchange Act "), by: i. Conversant Dallas Parkway (A), L.P., a Delaware limited partnership (" Investor A "); ii. Conversant Dallas Parkway (B), L.P., a Delaware limited partnership (" Investor B "); iii. Conversant Dallas Parkway (D), L.P., a Delaware limited partnership (" Investor D "); iv. Conversant PIF Aggregator A L.P., a Delaware limited partnership (" Aggregator A "); v. Conversant Dallas Parkway (F), L.P., a Delaware limited partnership (" Investor F " and together with Investor A, Investor B, Investor D and Aggregator A, the " Conversant Investors "); vi. Conversant GP Holdings LLC, a Delaware limited liability company (" Conversant GP "); vii. Michael J. Simanovsky, a citizen of the United States of America; viii. Conversant Private GP LLC, a Delaware limited liability company (" Conversant Private GP "); and ix. Conversant Capital LLC, a Delaware limited liability company (" Conversant Capital " and together with the Conversant Investors, Conversant GP, Conversant Private GP and Mr. Simanovsky, the " Reporting Persons "). Investor A, Investor B, Investor D and Investor F are alternative investment vehicles of Conversant GP established for purpose of investing in Issuer's securities. Aggregator A is an alternative investment vehicle of Conversant Private GP established for purpose of investing in Issuer's securities. Conversant Capital is the investment manager of and makes investment decisions for the Conversant Investors. Mr. Simanovsky is the managing member of Conversant Capital. Conversant GP is the general partner of each of Investor A, Investor B, Investor D and Investor F. Conversant Private GP is the general partner of Aggregator A. Mr. Simanovsky is the managing member of Conversant GP and Conversant Private GP. By virtue of these r

is hereby amended by the addition of the following

Item 3 is hereby amended by the addition of the following: On October 10, 2024, for no consideration, Conversant GP caused Investor B to distribute 648,942 shares of Common Stock to an investor, who in turn deposited them with Investor F. Further, the disclosure set forth below in Item 5(c) below regarding open market purchases of shares of Common Stock by Aggregator A is incorporated herein. The open market purchases by Aggregator A were made using existing investment capital. Item 4. Purpose of Transaction

is hereby amended by the addition of the following

Item 4 is hereby amended by the addition of the following: The disclosure set forth above in Item 3 above regarding the transfer of shares of Common Stock to Investor F is incorporated herein. Item 5. Interest in Securities of the Issuer. Items 5(a) and (b) are hereby amended and restated to read as follows: (a), (b) For information regarding beneficial ownership, see the information presented on the cover pages of this Schedule 13D.

(c) is hereby amended by the addition of the following

Item 5(c) is hereby amended by the addition of the following: (c) Other than as described in Item 3 above and certain open market purchases by Aggregator A, namely, (i) 9,564 shares of Common Stock for a $22.96 per share price for a total of $219,875.40 purchased on October 14, 2024; (ii) 15,927 shares of Common Stock for a $23.95 per share price for a total of $381,851.42 purchased on October 15, 2024 and (iii) 8,957 shares of Common Stock for a $25.46 per share price for a total of $228,302.29 purchased on October 16, 2024, the Reporting Persons have not engaged in any transactions in the Common Stock since the date of Amendment No. 5. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

is hereby amended by the addition of the following

Item 6 is hereby amended by the addition of the following: The disclosure set forth above in Item 3 above regarding the transfer of shares of Common Stock to Investor F is incorporated herein. Item 7. Material to be Filed as Exhibits

is hereby amended by the replacement of Exhibit 99.1

Item 7 is hereby amended by the replacement of Exhibit 99.1. 99.1 Joint Filing Agreement, dated October 17, 2024.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: October 17, 2024 CONVERSANT DALLAS PARKWAY (A) LP By: Conversant GP Holdings LLC, its general partner /s/ Paul Dumaine Name: Paul Dumaine Title: General Counsel and Chief Compliance Officer CONVERSANT DALLAS PARKWAY (B) LP By: Conversant GP Holdings LLC, its general partner /s/ Paul Dumaine Name: Paul Dumaine Title: General Counsel and Chief Compliance Officer CONVERSANT DALLAS PARKWAY (D) LP By: Conversant GP Holdings LLC, its general partner /s/ Paul Dumaine Name: Paul Dumaine Title: General Counsel and Chief Compliance Officer CONVERSANT DALLAS PARKWAY (F) LP By: Conversant GP Holdings LLC, its general partner /s/ Paul Dumaine Name: Paul Dumaine Title: General Counsel CONVERSANT PIF AGGREGATOR A LP By: Conversant Private GP LLC, its general partner /s/ Paul Dumaine Name: Paul Dumaine Title: General Counsel and Chief Compliance Officer CONVERSANT GP HOLDINGS LLC /s/ Paul Dumaine Name: Paul Dumaine Title: General Counsel and Chief Compliance Officer CONVERSANT CAPITAL LLC /s/ Paul Dumaine Name: Paul Dumaine Title: Attorney-in-Fact for Michael J. Simanovsky MICHAEL J. SIMANOVSKY /s/ Paul Dumaine Name: Paul Dumaine Title: General Counsel and Chief Compliance Officer CONVERSANT PRIVATE GP LLC /s/Paul Dumaine Name: Paul Dumaine Title: General Counsel and Chief Compliance Officer

View Full Filing

View this SC 13D/A filing on SEC EDGAR