The Goldman Sachs Group, Inc. Form 4 Membership Collective / Street Principal Investments, L.L.C. Broad ownership change

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^*

GOLDMAN SACHS GROUP INC

(Last)

(First)

(Middle)

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Membership Collective Group Inc. [ MCG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/19/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.64	15,427,109	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.64	15,427,209	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.64	15,427,309	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.64	15,427,409	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.65	15,427,509	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.65	15,427,609	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.65	15,427,709	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.65	15,427,809	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		1	A	$10.66	15,427,810	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		1	A	$10.66	15,427,811	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		1	A	$10.66	15,427,812	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		98	A	$10.67	15,427,910	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.67	15,428,010	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.67	15,428,110	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		99	A	$10.67	15,428,210	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.71	15,428,309	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		300	A	$10.71	15,428,409	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.77	15,428,709	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.77	15,428,809	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.78	15,428,909	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.78	15,429,009	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		1	A	$10.78	15,429,109	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.78	15,429,110	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.78	15,429,210	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.78	15,429,310	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		299	A	$10.78	15,429,609	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.78	15,429,709	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.78	15,429,809	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		63	A	$10.78	15,429,872	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Common Stock, par value $0.01 per share⁽¹⁾⁽²⁾	07/19/2021		P		100	A	$10.8	15,429,972	I	See Footnotes⁽³⁾⁽⁴⁾⁽⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

GOLDMAN SACHS GROUP INC

(Last)

(First)

(Middle)

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

GOLDMAN SACHS & CO. LLC

(Last)

(First)

(Middle)

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

West Street Strategic Solutions Fund I, L.P.

(Last)

(First)

(Middle)

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

West Street Strategic Solutions Fund I-(C), L.P.

(Last)

(First)

(Middle)

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WSSS INVESTMENTS W, LLC

(Last)

(First)

(Middle)

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WSSS INVESTMENTS X, LLC

(Last)

(First)

(Middle)

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WSSS INVESTMENTS I, LLC

(Last)

(First)

(Middle)

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

WSSS INVESTMENTS U, LLC

(Last)

(First)

(Middle)

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

Broad Street Principal Investments, L.L.C.

(Last)

(First)

(Middle)

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

West Street CT Private Credit Partnership, L.P.

(Last)

(First)

(Middle)

200 WEST STREET

(Street)

NEW YORK

10282

(City)

(State)

(Zip)

Explanation of Responses:

1. These transactions in the Class A Common Stock (the "Common Stock") of Membership Collective Group Inc. (the "Issuer") have not previously been reported and were effected by Goldman Sachs & Co. LLC ("Goldman Sachs") acting as a market maker in the Issuer's Common Stock in the ordinary course of business.

2. Without conceding market making trades in the ordinary course of business can result in liability under Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the amount of profit potentially recoverable by the Issuer from the reported transactions in the event that they were subject to Section 16(b) has been remitted to the Issuer.

3. This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group"), Goldman Sachs, West Street Strategic Solutions Fund I, L.P. ("West Street Fund I"), West Street Strategic Solutions Fund I-(C), L.P. ("West Street Fund I-(C)"), WSSS Investments W, LLC ("WSSS Fund W"), WSSS Investments X, LLC ("WSSS Fund X"), WSSS Investments I, LLC ("WSSS Fund I"), WSSS Investments U, LLC ("WSSS Fund U"), Broad Street Principal Investments, L.L.C. ("BSPI") and West Street CT Private Credit Partnership, L.P. ("West Street CT PCP") (together, the "Reporting Persons"). Goldman Sachs is the manager of BSPI, the GS Funds are investment vehicles managed by, or affiliates of, Goldman Sachs.

4. GS Group and Goldman Sachs may have been deemed to beneficially own indirectly or directly, in the aggregate, 15,673,305 shares of the Common Stock of the Issuer by reason of the direct or indirect beneficial ownership of such shares as follows: (i) 5,682,004 shares of Common Stock owned directly by West Street Fund I; (ii) 558,307 shares of Common Stock owned directly by West Street Fund I-(C); (iii) 6,994,784 shares of Common Stock owned directly by WSSS Fund W; (iv) 263,420 shares of Common Stock owned directly by WSSS Fund X; (v) 296,103 shares of Common Stock owned directly by WSSS Fund I; (vi) 316,507 shares of Common Stock owned directly by WSSS Fund U; (vii) 1,140,310 shares of Common Stock owned directly by BSPI; (viii) 275,184 shares of Common Stock owned directly by West Street CT PCP; and (ix) 146,686 shares of Common Stock held directly by Goldman Sachs in connection with its market making activity.

5. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.

Remarks:

Balance of trades included in attached schedule. (See Exhibit 99.1)

	/s/ Crystal Orgill, attorney-in-fact	12/22/2021
	Crystal Orgill, attorney-in-fact	12/22/2021
	Crystal Orgill, attorney-in-fact	12/22/2021
	Crystal Orgill, attorney-in-fact	12/22/2021
	Crystal Orgill, attorney-in-fact	12/22/2021
	Crystal Orgill, attorney-in-fact	12/22/2021
	Crystal Orgill, attorney-in-fact	12/22/2021
	Crystal Orgill, attorney-in-fact	12/22/2021
	Crystal Orgill, attorney-in-fact	12/22/2021
	Crystal Orgill, attorney-in-fact	12/22/2021
	** Signature of Reporting Person	Date
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The Goldman Sachs Group, Inc. (GS) Form 4Membership Collective / Street Principal Investments, L.L.C. Broad ownership change