ONESPAWORLD HOLDINGS Ltd — Director's Dealing 2021

Mar 31, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ONESPAWORLD HOLDINGS Ltd (OSW)
CIK: 0001758488
Period of Report: 2021-03-29

Reporting Person: HEYER STEVEN J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-29	Common Shares	J	257247	—	Acquired	1310683	Direct
2021-03-29	Common Shares	J	69540	—	Acquired	1380223	Indirect

Footnotes

F1: On March 29, 2021, 257,247 common shares of the Issuer (the "Common Shares") were issued to the reporting person, Harris Reid Heyer Trust, James Heyer Trust, Peter Justin Heyer Trust, and William Heyer Trust (collectively with the reporting person, the "Steven Heyer Holders")with no consideration being paid in connection therewith, in satisfaction of the Issuer's obligation to issue the Common Shares under the Business Combination Agreement, dated November 1, 2018 (as amended, the "BCA"), by and among the Issuer, Haymaker Sponsor LLC ("Haymaker Sponsor") and the other parties named therein. The Steven Heyer Holders received the right in and to the Common Shares upon a distribution in kind from Haymaker Sponsor. The reporting person was directly issued 257,247 Common Shares.

F2: (Continued from footnote 1) Harris Reid Heyer Trust, James Heyer Trust, Peter Justin Heyer Trust, and William Heyer Trust (collectively, the "Steven Heyer Entities") were each issued 17,385 Common Shares.

F3: Includes an aggregate of 1,053,436 Common Shares held prior to March 29, 2021, of which (i) 923,920 Common Shares were held directly by the reporting person, (ii) 32,379 Common Shares were held by Harris Reid Heyer Trust, (iii) 32,379 Common Shares were held by James Heyer Trust, (iv) 32,379 Common Shares were held by Peter Justin Heyer Trust and (v) 32,379 Common Shares were held by William Heyer Trust.

F4: The reporting person is a trustee of each of the Steven Heyer Entities. Accordingly, the reporting person may be deemed to have or share beneficial ownership of securities held by the Steven Heyer Entities. The reporting person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.