Vacasa Announces Reverse Stock Split

Vacasa, Inc. (Nasdaq: VCSA), North America’s leading vacation rental management platform (the “Company” or “Vacasa”), today announced that its board of directors has approved a reverse stock split of its Class A Common Stock, Class B Common Stock, and Class G Common Stock (collectively, the “Common Stock”) at a ratio of 1-for-20. Stockholders approved a proposal to allow the board of directors, in its discretion, to effect a reverse stock split at the Annual Meeting of Stockholders held on May 23, 2023.

The reverse stock split is being conducted to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Global Select Market ( “Nasdaq”).

The reverse stock split is expected to become effective on October 2, 2023. Shares of Vacasa Class A Common Stock are expected to begin trading on a split-adjusted basis on the Nasdaq on October 3, 2023. Shares of the Class A Common Stock will continue to trade under the symbol “VCSA'' and the new CUSIP number will be 91854V 206.

Once effective, every 20 issued and outstanding shares of the Company’s Common Stock will be converted into a single share of its respective class of Common Stock.

No fractional shares of Common Stock will be issued in connection with the reverse stock split. Holders of Common Stock who would otherwise receive a fractional share of Common Stock pursuant to the reverse stock split will receive cash in lieu of the fractional share equal to the closing sales price of the Class A Common Stock on the effective date of the reverse split.

The reverse stock split has no effect on the par value of the Company's Common Stock or authorized shares of any class of Common Stock. Immediately after the reverse stock split, each stockholder's percentage ownership interest in the Company and proportional voting power will remain unchanged, except for minor changes that will result from the treatment of fractional shares.

Continental Stock Transfer & Trust Company is acting as transfer and exchange agent for the reverse stock split. Registered stockholders who hold shares of Common Stock are not required to take any action to receive split-adjusted shares. Stockholders who own shares via a broker, bank, trust or other organization will have their positions automatically adjusted to reflect the reverse stock split, subject to such organization’s particular processes, and will not be required to take any action in connection with the reverse stock split.