<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2020-12-23</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001823794</issuerCik>
        <issuerName>ARKO Corp.</issuerName>
        <issuerTradingSymbol>ARKO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000928549</rptOwnerCik>
            <rptOwnerName>DAVIDSON KEMPNER PARTNERS</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O MHD MANAGEMENT CO.</rptOwnerStreet1>
            <rptOwnerStreet2>520 MADISON AVENUE, 30TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247126</rptOwnerCik>
            <rptOwnerName>DAVIDSON KEMPNER INSTITUTIONAL PARTNERS, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O DAVIDSON KEMPNER ADVISERS INC.</rptOwnerStreet1>
            <rptOwnerStreet2>520 MADISON AVENUE, 30TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001247125</rptOwnerCik>
            <rptOwnerName>DAVIDSON KEMPNER INTERNATIONAL, LTD.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>VISTRA (BVI) LTD, VISTRA CORP SVCS CTR</rptOwnerStreet1>
            <rptOwnerStreet2>WICKHAMS CAY II, ROAD TOWN</rptOwnerStreet2>
            <rptOwnerCity>TORTOLA</rptOwnerCity>
            <rptOwnerState>D8</rptOwnerState>
            <rptOwnerZipCode>VG1110</rptOwnerZipCode>
            <rptOwnerStateDescription>VIRGIN ISLANDS, BRITISH</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001569642</rptOwnerCik>
            <rptOwnerName>DAVIDSON KEMPNER LONG-TERM DISTRESSED OPPORTUNITIES FUND II LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>DK LONG-TERM DISTRESSED OPPS GP II LLC</rptOwnerStreet1>
            <rptOwnerStreet2>520 MADISON AVENUE, 30TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001660915</rptOwnerCik>
            <rptOwnerName>DAVIDSON KEMPNER LONG-TERM DISTRESSED OPPORTUNTIES INTERNATIONAL MASTER FUND II LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>DK LONG-TERM DISTRESSED OPPS GP II LLC</rptOwnerStreet1>
            <rptOwnerStreet2>520 MADISON AVENUE, 30TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001595082</rptOwnerCik>
            <rptOwnerName>DAVIDSON KEMPNER CAPITAL MANAGEMENT LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>520 MADISON AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>30TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001308274</rptOwnerCik>
            <rptOwnerName>YOSELOFF ANTHONY ALEXANDER</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>DAVIDSON KEMPNER CAPITAL MANAGEMENT LP</rptOwnerStreet1>
            <rptOwnerStreet2>520 MADISON AVENUE, 30TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock, par value $0.0001 per share (Common Stock)</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>24739671</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Warrants (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>11.50</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2021-01-22</value>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F5"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>533333</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The securities reported on this line are held directly by: (i) Davidson Kempner Partners, a New York limited partnership (&quot;DKP&quot;), (ii) Davidson Kempner Institutional Partners, L.P., a Delaware limited partnership (&quot;DKIP&quot;), (iii) Davidson Kempner International, Ltd., a British Virgin Islands business company (&quot;DKIL&quot;), (iv) Davidson Kempner Long-Term Distressed Opportunities Fund II LP, a Delaware limited partnership (&quot;DKLTDO II&quot;), (v) Davidson Kempner Long-Term Distressed Opportunities International Master Fund II LP, a Cayman Islands exempted limited partnership (&quot;DKLTDI II&quot;) and (vi) GPM Owner, LLC, a Delaware limited liability company (&quot;GPM Owner&quot;).</footnote>
        <footnote id="F2">MHD Management Co., a New York limited partnership (&quot;MHD&quot;), is the general partner of DKP and MHD Management Co. GP, L.L.C., a Delaware limited liability company is the general partner of MHD. Davidson Kempner Advisers Inc., a New York corporation, is the general partner of DKIP. Davidson Kempner Long-Term Distressed Opportunities GP II LLC, a Delaware limited liability company, is the general partner of DKLTDO II and DKLTDI II.</footnote>
        <footnote id="F3">Davidson Kempner Capital Management LP, a Delaware limited partnership and a registered investment adviser with the U.S. Securities and Exchange Commission (&quot;DKCM&quot;) acts as investment manager to DKP, DKIP, DKIL DKLTDO II and DKLTDI II either directly or by virtue of a subadvisory agreement with the investment manager of the relevant fund. DKCM GP LLC, a Delaware limited liability company, is the general partner of DKCM. The managing members of DKCM are Anthony A. Yoseloff, Eric P. Epstein, Avram Z. Friedman, Conor Bastable, Shulamit Leviant, Morgan P. Blackwell, Patrick W. Dennis, Gabriel T. Schwartz, Zachary Z. Altschuler, Joshua D. Morris and Suzanne K. Gibbons. Anthony A. Yoseloff through DKCM, is responsible for the voting and investment decisions relating to the securities held by DKLDO reported herein. The managing members of GPM Owner are Avram Z. Friedman and Shulamit Leviant.</footnote>
        <footnote id="F4">The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.</footnote>
        <footnote id="F5">5:00 p.m. (New York City time) on the earlier to occur of: (x) December 22, 2025, (y) the liquidation of the Company, or (z) the Redemption Date (as defined in the Warrant Agreement pursuant to which the warrants were issued).</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Davidson Kempner Partners, By: MHD Management Co., its general partner, By: MHD Management Co. GP, L.L.C., its general partner, By: Anthony A. Yoseloff, its Executive Managing Member</signatureName>
        <signatureDate>2020-12-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Davidson Kempner Institutional Partners, L.P., By Davidson Kempner Advisers Inc., its general partner, By: Anthony A. Yoseloff, its Director</signatureName>
        <signatureDate>2020-12-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Davidson Kempner International, Ltd., By: Davidson Kempner Capital Management LP, its investment manager, By: Anthony A. Yoseloff, its Executive Managing Member</signatureName>
        <signatureDate>2020-12-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Davidson Kempner Long-Term Distressed Opportunities Fund II LP, By: Davidson Kempner Long-Term Distressed Opportunities GP II LLC, its general partner, By: Anthony A. Yoseloff, its Executive Managing Member</signatureName>
        <signatureDate>2020-12-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Davidson Kempner Long-Term Distressed Opportunities International Master Fund II LP, By: Davidson Kempner Long-Term Distressed Opportunities GP II LLC, its general partner, By: Anthony A. Yoseloff, its Executive Managing Member</signatureName>
        <signatureDate>2020-12-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Davidson Kempner Capital Management LP, By: Anthony A. Yoseloff, its Executive Managing Member</signatureName>
        <signatureDate>2020-12-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Anthony A. Yoseloff</signatureName>
        <signatureDate>2020-12-23</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ GPM Owner LLC, by: Avram Z. Friedman, its Managing Member</signatureName>
        <signatureDate>2020-12-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
