Thryv Holdings, Inc. — Director's Dealing 2021

Dec 21, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Thryv Holdings, Inc. (THRY)
CIK: 0001556739
Period of Report: 2021-12-16

Reporting Person: Mudrick Capital Management, L.P. (N/A)
Reporting Person: Mudrick Jason (N/A)
Reporting Person: Mudrick Distressed Opportunity Fund Global, LP (N/A)
Reporting Person: Verto Direct Opportunity II, LP (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-16	Common Stock	M	20242	$3.68	Acquired	9774040	Indirect
2021-12-16	Common Stock	F	2091	$35.66	Disposed	9771949	Indirect
2021-12-17	Common Stock	M	13889	$13.82	Acquired	9785838	Direct
2021-12-17	Common Stock	F	5041	$38.08	Disposed	9780797	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-16	Stock Options (right to buy)	$3.68	M	20242	Disposed	2026-11-10	Common Stock (20242)	Indirect
2021-12-17	Stock Options (right to buy)	$13.82	M	13889	Disposed	2026-11-10	Common Stock (13889)	Direct

Footnotes

F1: 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.

F2: On December 16, 2021, certain of the Reporting Persons and other funds affiliated with MCM exercised a total of 20,242 options previously granted under the Issuer's 2016 Stock Incentive Plan and sold to the Issuer a total of 2,091 shares of Common Stock underlying such options at a price of $35.66 per share, in each case, in accordance with the terms of the award agreement and the plan. Following such transactions, each of the following entities held shares of Common Stock as follows: 2,918,557 by Mudrick Distressed Opportunity Fund Global, LP; 1,140,131 by Blackwell Partners LLC Series A; 1,502,735 by Boston Patriot Batterymarch St LLC; 288,336 by P Mudrick LTD; 1,317,661 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 2,509,830 by Verto Direct Opportunity II, LP; 92,985 by Verto Direct Opportunity GP, LLC; 1,031 by Mudrick Distressed Opportunity Drawdown Fund, L.P.; and 683 by Mudrick Distressed Opportunity Specialty Fund, LP.

F3: On December 17, 2021, Jason Mudrick exercised a total of 13,889 options previously granted under the Issuer's 2020 Stock Incentive Plan and sold to the Issuer a total of 5,041 shares of Common Stock underlying such options at a price of $38.08 per share, in each case, in accordance with the terms of the award agreement and the plan.

F4: Exercisable in four equal installments on the anniversary of the grant date on October 15, 2020. The unvested options expired in accordance with their terms in connection with Mr. Mudrick's departure from the board of directors of the Issuer.

F5: 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, 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; and Mudrick Distressed Opportunity Specialty Fund, LP. 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.