Form 4 for PRSU Pursuit Attractions & Hospitality, Inc.

Accepted 2024-12-31 00:00:00 ET · period of report 2024-12-31 · accession 0000950142-24-003034 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
DI	2024-12-31	2024-12-31	PRSU	Crestview Advisors, L.L.C.	Dir, 10%	C - Cnv Deriv	$21.25	+6.67M	6.67M	New	+$141.83M
DI	2024-12-31	2024-12-31	PRSU	Crestview Advisors, L.L.C.	Dir, 10%	C - Cnv Deriv	—	-135.0K	0	-100%	—

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2024-12-31	C	A	6,674,234	$21.25	6,674,234	I See Footnotes	—	—	(F1) Crestview IV VC TE Holdings, LLC, Crestview IV VC Holdings L.P. and Crestview IV VC CI Holdings, L.P. (collectively, the "Crestview Funds") hold, in the aggregate, 135,000 shares of 5.5% Series A Convertible Preferred Stock of the Issuer, par value $0.01 per share ("Preferred Stock"). In accordance with the terms of the Certificate of Designations for the Preferred Stock, effective as of December 31, 2024, the Issuer has elected to exercise its right to cause the mandatory conversion of the Preferred Stock into shares of Common Stock of the Issuer, par value $1.50 per share ("Common Stock") at a conversion price of $21.25 per share. The settlement date for such mandatory conversion is January 3, 2025. (F4) Mr. Cassidy is a member of the Issuer's board of directors. Mr. Cassidy is a Partner of Crestview, L.L.C. (which is the general partner of Crestview Partners IV GP, L.P.) and Crestview Advisors, L.L.C. (which provides investment advisory and management services to investment funds owning interests in the Crestview Funds). (F3) Crestview Partners IV GP, L.P. may be deemed to have beneficial ownership of the shares of Preferred Stock (and, following conversion thereof, the underlying shares of Common Stock) held by the Crestview Funds. Crestview Partners IV GP, L.P. exercises voting and dispositive power over the shares of Preferred Stock (and, following conversion thereof, the underlying shares of Common Stock) held by the Crestview Funds, which decisions are made by the investment committee of Crestview Partners IV GP, L.P. and the chairman of such investment committee. (F5) Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.
2	Derivative	5.5% Series A Convertible Preferred Stock	2024-12-31	C	D	135,000	—	0	I See Footnotes	— · — to —	— Common Stock	(F1) Crestview IV VC TE Holdings, LLC, Crestview IV VC Holdings L.P. and Crestview IV VC CI Holdings, L.P. (collectively, the "Crestview Funds") hold, in the aggregate, 135,000 shares of 5.5% Series A Convertible Preferred Stock of the Issuer, par value $0.01 per share ("Preferred Stock"). In accordance with the terms of the Certificate of Designations for the Preferred Stock, effective as of December 31, 2024, the Issuer has elected to exercise its right to cause the mandatory conversion of the Preferred Stock into shares of Common Stock of the Issuer, par value $1.50 per share ("Common Stock") at a conversion price of $21.25 per share. The settlement date for such mandatory conversion is January 3, 2025. (F4) Mr. Cassidy is a member of the Issuer's board of directors. Mr. Cassidy is a Partner of Crestview, L.L.C. (which is the general partner of Crestview Partners IV GP, L.P.) and Crestview Advisors, L.L.C. (which provides investment advisory and management services to investment funds owning interests in the Crestview Funds). (F3) Crestview Partners IV GP, L.P. may be deemed to have beneficial ownership of the shares of Preferred Stock (and, following conversion thereof, the underlying shares of Common Stock) held by the Crestview Funds. Crestview Partners IV GP, L.P. exercises voting and dispositive power over the shares of Preferred Stock (and, following conversion thereof, the underlying shares of Common Stock) held by the Crestview Funds, which decisions are made by the investment committee of Crestview Partners IV GP, L.P. and the chairman of such investment committee. (F5) Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.