Koonce Amends VSE Corp Stake Filing

TL;DR

Koonce updated his VSE Corp filing - ownership change incoming.

AI Summary

Calvin Scott Koonce has amended his Schedule 13D filing for VSE Corporation, reporting a change in beneficial ownership as of November 5, 2024. The filing indicates a shift in his stake in the company, though specific new ownership percentages or dollar amounts are not detailed in this excerpt. This amendment, designated as Amendment No. 12, updates previous filings regarding his holdings.

Why It Matters

Changes in significant shareholder filings like this can signal shifts in control or strategy, potentially impacting VSE Corporation's stock price and future direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to volatility.

Key Players & Entities

• VSE Corporation (company) — Subject company
• Calvin Scott Koonce (person) — Filing person
• Elaine Schuler (person) — Authorized to receive notices

FAQ

Key Financial Figures

• $508,373 — cially owned by the Reporting Person is $508,373 (including brokerage fees and expenses)
• $102.62 — vin S. Koonce 10/18/2024 5,400 Sell $102.62 $103.00 -- $102.00 Calvin S. Koonce
• $103.00 — once 10/18/2024 5,400 Sell $102.62 $103.00 -- $102.00 Calvin S. Koonce 10/18/2
• $102.00 — 024 5,400 Sell $102.62 $103.00 -- $102.00 Calvin S. Koonce 10/18/2024 8,400 S
• $103.52 — vin S. Koonce 10/18/2024 8,400 Sell $103.52 $104.00 -- $103.01 Calvin S. Koonce
• $104.00 — once 10/18/2024 8,400 Sell $103.52 $104.00 -- $103.01 Calvin S. Koonce 10/18/2
• $103.01 — 024 8,400 Sell $103.52 $104.00 -- $103.01 Calvin S. Koonce 10/18/2024 22,600
• $104.46 — in S. Koonce 10/18/2024 22,600 Sell $104.46 $104.89 -- $104.02 Calvin S. Koonce
• $104.89 — nce 10/18/2024 22,600 Sell $104.46 $104.89 -- $104.02 Calvin S. Koonce 10/21/2
• $104.02 — 24 22,600 Sell $104.46 $104.89 -- $104.02 Calvin S. Koonce 10/21/2024 16,300
• $101.29 — in S. Koonce 10/21/2024 16,300 Sell $101.29 $101.52 -- $100.64 Calvin S. Koonce
• $101.52 — nce 10/21/2024 16,300 Sell $101.29 $101.52 -- $100.64 Calvin S. Koonce 10/21/2
• $100.64 — 24 16,300 Sell $101.29 $101.52 -- $100.64 Calvin S. Koonce 10/21/2024 1,400 S
• $101.82 — vin S. Koonce 10/21/2024 1,400 Sell $101.82 $102.06 -- $101.65 Calvin S. Koonce
• $102.06 — once 10/21/2024 1,400 Sell $101.82 $102.06 -- $101.65 Calvin S. Koonce 10/21/2

Filing Documents

• ef20038315_sc13da.htm (SC 13D/A) — 125KB
• 0001140361-24-045727.txt ( ) — 126KB

is hereby amended and restated to read as follows

Item 2 is hereby amended and restated to read as follows: This Statement is filed on behalf of Calvin S. Koonce (the "Reporting Person"). The Reporting Person is a United States citizen whose principal occupation is serving as a developer of Old Town Columbus, a real estate development. The Reporting Person is also the Manager of Koonce LLC, a Florida limited liability company ("Koonce") used for family investment planning purposes. The Reporting Person's and Koonce's address is 6229 Executive Boulevard, Rockville, MD 20852. Neither the Reporting Person nor Koonce has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration

is hereby amended and restated to read as follows

Item 3 is hereby amended and restated to read as follows: The aggregate purchase price of the 1,185,870 shares (which amount includes the 254,836 shares of Common Stock held by Koonce LLC) of the Common Stock beneficially owned by the Reporting Person is $508,373 (including brokerage fees and expenses). All of the shares of Common Stock beneficially owned by the Reporting Person were paid for using his personal funds, were received as payment for services as a Director of the Issuer and were received by inheritance. Item 5. Interest in Securities of the Issuer

is hereby amended and restated to read as follows

Item 5 is hereby amended and restated to read as follows: (a)-(b) As of November 6, 2024, the Reporting Person beneficially owns 1,185,870 shares of Common Stock, constituting approximately 5.8% of the shares of Common Stock outstanding of the Issuer. The Reporting Person has the sole power to vote and direct the vote and the sole power to dispose and direct the disposition of such shares. The 1,185,870 shares of Common Stock includes 254,836 shares of Common Stock held by Koonce LLC. The Reporting Person disclaims beneficial ownership of the shares held by Koonce LLC, except in such case to the extent of his pecuniary interest therein, if any. The aggregate percentage of shares of Common Stock reported beneficially owned by the Reporting Person is based upon 20,411,712 shares of Common Stock of the Issuer outstanding as of November 1, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q for the period ended September 30, 2024, filed with the Commission on November 6, 2024. SCHEDULE 13D CUSIP No. 918284100 Page 4 of 5 Pages (c) The table below lists all the transactions in the Issuer's Common Stock effected since the most recent filing of Schedule 13D. Except as noted below, all transactions were made in the open market and do not reflect commissions or other expenses. Transactions in Shares Party Date of Purchase Number of Shares of Common Stock Buy/Sell Weighted Average Price* Price High Price Low Calvin S. Koonce 10/18/2024 5,400 Sell $102.62 $103.00 -- $102.00 Calvin S. Koonce 10/18/2024 8,400 Sell $103.52 $104.00 -- $103.01 Calvin S. Koonce 10/18/2024 22,600 Sell $104.46 $104.89 -- $104.02 Calvin S. Koonce 10/21/2024 16,300 Sell $101.29 $101.52 -- $100.64 Calvin S. Koonce 10/21/2024 1,400 Sell $101.82 $102.06 -- $101.65 Calvin S. Koonce 10/21/2024 1,300 Sell $103.12 $103.50 -- $102.84 Calvin S. Koonce 10/22/2024 3,500 Sell $100.86 $101.15 -- $100.27 Calvin S. Koonce 10

View Full Filing

View this SC 13D/A filing on SEC EDGAR