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*
Mudrick Capital Management, L.P.

(Last) (First) (Middle)
527 MADISON AVENUE, 6TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Thryv Holdings, Inc. [ THRY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) X Other (specify below)
Former Director
3. Date of Earliest Transaction (Month/Day/Year)
01/10/2022
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)
Code V Amount (A) or (D) Price
Common Stock 01/10/2022 S 50,000(3) D $36 9,730,797(4) I See Notes(1)(2)
Common Stock 01/11/2022 S 5,091(5) D $36.55(6) 9,725,706(7) I See Notes(1)(2)
Common Stock 01/11/2022 S 8,848(8) D $36.28(8) 9,716,858(9) D(8)
Common Stock 01/12/2022 S 50,000(10) D $35.5 9,666,858(11) I See Notes(1)(2)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Mudrick Capital Management, L.P.

(Last) (First) (Middle)
527 MADISON AVENUE, 6TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
Former Director
1. Name and Address of Reporting Person*
Mudrick Jason

(Last) (First) (Middle)
C/O MUDRICK CAPITAL MANAGEMENT, L.P.
527 MADISON AVENUE, 6TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
Former Director
1. Name and Address of Reporting Person*
Mudrick Distressed Opportunity Fund Global, LP

(Last) (First) (Middle)
527 MADISON AVENUE, 6TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
Former Director
1. Name and Address of Reporting Person*
Verto Direct Opportunity II, LP

(Last) (First) (Middle)
C/O MUDRICK CAPITAL MANAGEMENT, L.P.
527 MADISON AVENUE, 6TH FLOOR

(Street)
NEW YORK NY 10022

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) X Other (specify below)
Former Director
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, LP; Mudrick Distressed Opportunity Drawdown Fund II, LP; Verto Direct Opportunity II, LP; Boston Patriot Batterymarch St LLC; Blackwell Partners LLC Series A; 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.
3. Represents shares of Common Stock sold by the following entities: 14,423 by Mudrick Distressed Opportunity Fund Global, LP; 5,635 by Blackwell Partners LLC Series A; 7,427 by Boston Patriot Batterymarch St LLC; 1,425 by P Mudrick Ltd.; 6,512 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 12,404 by Verto Direct Opportunity II, LP; 460 by Verto Direct Opportunity GP, LLC (through Jason Mudrick to whom these shares were distributed in connection with the sale); 683 by Mudrick Distressed Opportunity Specialty Fund, LP; and 1,031 by Mudrick Distressed Opportunity Drawdown Fund, LP.
4. Represents shares of Common Stock directly held following the sale as follows: 2,904,134 by Mudrick Distressed Opportunity Fund Global, LP; 1,134,496 by Blackwell Partners LLC Series A; 1,495,308 by Boston Patriot Batterymarch St LLC; 286,911 by P Mudrick LTD; 1,311,149 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 2,497,426 by Verto Direct Opportunity II, LP; 92,525 by Verto Direct Opportunity GP, LLC; 0 by Mudrick Distressed Opportunity Specialty Fund, LP; 0 by Mudrick Distressed Opportunity Drawdown Fund, LP; and 8,848 by Jason Mudrick.
5. Represents shares of Common Stock sold by the following entities: 1,521 by Mudrick Distressed Opportunity Fund Global, LP; 594 by Blackwell Partners LLC Series A; 783 by Boston Patriot Batterymarch St LLC; 150 by P Mudrick Ltd.; 687 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 1,308 by Verto Direct Opportunity II, LP; and 48 by Verto Direct Opportunity GP, LLC (through Jason Mudrick to whom these shares were distributed in connection with the sale).
6. The shares of Common Stock were sold in multiple transactions at prices ranging from $36.55 to $36.60, 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.
7. Represents shares of Common Stock directly held following the sale as follows: 2,902,613 by Mudrick Distressed Opportunity Fund Global, LP; 1,133,902 by Blackwell Partners LLC Series A; 1,494,525 by Boston Patriot Batterymarch St LLC; 286,761 by P Mudrick LTD; 1,310,462 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 2,496,118 by Verto Direct Opportunity II, LP; 92,477 by Verto Direct Opportunity GP, LLC; and 8,848 by Jason Mudrick.
8. The shares of Common Stock were sold by Jason Mudrick in multiple transactions at prices ranging from $36.00 to $36.59, inclusive. Mr. Mudrick undertakes 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.
9. Represents shares of Common Stock held by the following entities following the sale: 2,902,613 by Mudrick Distressed Opportunity Fund Global, LP; 1,133,902 by Blackwell Partners LLC Series A; 1,494,525 by Boston Patriot Batterymarch St LLC; 286,761 by P Mudrick LTD; 1,310,462 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 2,496,118 by Verto Direct Opportunity II, LP; 92,477 by Verto Direct Opportunity GP, LLC; and 0 by Jason Mudrick.
10. Represents shares of Common Stock sold by the following entities: 14,936 by Mudrick Distressed Opportunity Fund Global, LP; 5,835 by Blackwell Partners LLC Series A; 7,690 by Boston Patriot Batterymarch St LLC; 1,476 by P Mudrick Ltd.; 6,743 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 12,844 by Verto Direct Opportunity II, LP; and 476 by Verto Direct Opportunity GP, LLC (through Jason Mudrick to whom these shares were distributed in connection with the sale).
11. Represents shares of Common Stock directly held following the sale as follows: 2,887,677 by Mudrick Distressed Opportunity Fund Global, LP; 1,128,067 by Blackwell Partners LLC Series A; 1,486,835 by Boston Patriot Batterymarch St LLC; 285,285 by P Mudrick LTD; 1,303,719 by Mudrick Distressed Opportunity Drawdown Fund II, LP; 2,483,274 by Verto Direct Opportunity II, LP; and 92,001 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 01/12/2022
** 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).
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