SEC Form 4
| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol Thryv Holdings, Inc. [ THRY ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 3. Date of Earliest Transaction (Month/Day/Year) 05/05/2022 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 05/05/2022 | S | 88,619(3) | D | $27.13(4) | 6,850,714(5) | I | See Notes(1)(2) | ||
| Common Stock | 05/06/2022 | S | 30,404(6) | D | $25.41(7) | 6,820,310(8) | I | See Notes(1)(2) | ||
| Common Stock | 05/09/2022 | S | 136,269(9) | D | $24.96(10) | 6,684,041(11) | I | See Notes(1)(2) | ||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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| Explanation of Responses: |
| 1. This Form 4 is filed by the following Reporting Persons: Mudrick Capital Management, L.P. ("MCM"), Jason Mudrick, Mudrick Distressed Opportunity Fund Global, LP, and Verto Direct Opportunity II, LP. |
| 2. Mr. Mudrick is the sole member of Mudrick Capital Management, LLC, which is the general partner of MCM. MCM is the investment manager of the following entities: Mudrick Distressed Opportunity Fund Global, LP; Mudrick Distressed Opportunity Drawdown Fund II, LP; Verto Direct Opportunity II, LP; Boston Patriot Batterymarch St LLC; Blackwell Partners LLC Series A; and P Mudrick LTD. Mr. Mudrick is the managing member of Verto Direct Opportunity GP, LLC, which is the general partner of Verto Direct Opportunity II, LP. Each Reporting Person and each of the aforementioned entities disclaims beneficial ownership of any equity securities of the Issuer except to the extent of such person's or entity's pecuniary interest therein, if any. |
| 3. Represents shares of Common Stock sold by the following entities: 26,472 by Mudrick Distressed Opportunity Fund Global, LP; 10,341 by Blackwell Partners LLC Series A; 13,630 by Boston Patriot Batterymarch St LLC; 2,615 by P Mudrick Ltd.; 11,952 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 22,765 by Verto Direct Opportunity II, LP; and 844 by Verto Direct Opportunity GP, LLC (through Jason Mudrick to whom these shares were distributed in connection with the sale). |
| 4. The shares of Common Stock were sold in multiple transactions at prices ranging from $26.50 to $27.50, inclusive. The Reporting Persons undertake to provide to the Issuer, any securityholder or the Securities and Exchange Commission upon request, full information regarding the number shares sold at each separate price within the range. |
| 5. Represents shares of Common Stock directly held following the sale as follows: 2,046,439 by Mudrick Distressed Opportunity Fund Global, LP; 799,439 by Blackwell Partners LLC Series A; 1,053,691 by Boston Patriot Batterymarch St LLC; 202,178 by P Mudrick LTD; 923,920 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 1,759,848 by Verto Direct Opportunity II, LP; and 65,199 by Verto Direct Opportunity GP, LLC. |
| 6. Represents shares of Common Stock sold by the following entities: 9,082 by Mudrick Distressed Opportunity Fund Global, LP; 3,548 by Blackwell Partners LLC Series A; 4,677 by Boston Patriot Batterymarch St LLC; 897 by P Mudrick Ltd.; 4,101 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 7,810 by Verto Direct Opportunity II, LP; and 289 by Verto Direct Opportunity GP, LLC (through Jason Mudrick to whom these shares were distributed in connection with the sale). |
| 7. The shares of Common Stock were sold in multiple transactions at prices ranging from $25.30 to $26.24, inclusive. The Reporting Persons undertake to provide to the Issuer, any securityholder or the Securities and Exchange Commission upon request, full information regarding the number shares sold at each separate price within the range. |
| 8. Represents shares of Common Stock directly held following the sale as follows: 2,037,357 by Mudrick Distressed Opportunity Fund Global, LP; 795,891 by Blackwell Partners LLC Series A; 1,049,014 by Boston Patriot Batterymarch St LLC; 201,281 by P Mudrick LTD; 919,819 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 1,752,038 by Verto Direct Opportunity II, LP; and 64,910 by Verto Direct Opportunity GP, LLC. |
| 9. Represents shares of Common Stock sold by the following entities: 40,706 by Mudrick Distressed Opportunity Fund Global, LP; 15,902 by Blackwell Partners LLC Series A; 20,959 by Boston Patriot Batterymarch St LLC; 4,022 by P Mudrick Ltd.; 18,378 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 35,005 by Verto Direct Opportunity II, LP; and 1,297 by Verto Direct Opportunity GP, LLC (through Jason Mudrick to whom these shares were distributed in connection with the sale). |
| 10. The shares of Common Stock were sold in multiple transactions at prices ranging from $24.75 to $25.32, inclusive. The Reporting Persons undertake to provide to the Issuer, any securityholder or the Securities and Exchange Commission upon request, full information regarding the number shares sold at each separate price within the range. |
| 11. Represents shares of Common Stock directly held following the sale as follows: 1,996,651 by Mudrick Distressed Opportunity Fund Global, LP; 779,989 by Blackwell Partners LLC Series A; 1,028,055 by Boston Patriot Batterymarch St LLC; 197,259 by P Mudrick LTD; 901,441 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 1,717,033 by Verto Direct Opportunity II, LP; and 63,613 by Verto Direct Opportunity GP, LLC. |
| Remarks: |
| Exhibit 99.1 (Joint Filer Information) is incorporated herein by reference. |
| See Signatures Included in Exhibit 99.1 | 05/09/2022 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||