# EDGAR Filing Document

**Accession Number:** 0001835681
**File Stem:** 0000899243-23-007336
**Filing Date:** 2023-3
**Character Count:** 15004
**Document Hash:** c78f4794dee8691015f4cff580d45640
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000899243-23-007336.hdr.sgml**: 20230307

**ACCESSION NUMBER**: 0000899243-23-007336

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230303

**FILED AS OF DATE**: 20230307

**DATE AS OF CHANGE**: 20230307

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** ONEX CORP
- **CENTRAL INDEX KEY:** 0000937226
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40684
- **FILM NUMBER:** 23712579

**BUSINESS ADDRESS:**
- **STREET 1:** 161 BAY STREET
- **STREET 2:** P O BOX 700
- **CITY:** TORONTO ONTARIO CANA
- **STATE:** A6

**MAIL ADDRESS:**
- **STREET 1:** 161 BAY STREET
- **STREET 2:** P O BOX 700
- **CITY:** TORONTO ONTARIO CANA
- **STATE:** A6

**FORMER NAME:**
- **FORMER CONFORMED NAME:** ONEX CORP ET AL
- **DATE OF NAME CHANGE:** 19950209
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Onex US Principals LP
- **CENTRAL INDEX KEY:** 0001297369
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40684
- **FILM NUMBER:** 23712575

**BUSINESS ADDRESS:**
- **STREET 1:** 421 LEADER STREET
- **CITY:** MARION
- **STATE:** OH
- **ZIP:** 43302
- **BUSINESS PHONE:** (416) 362-7711

**MAIL ADDRESS:**
- **STREET 1:** 421 LEADER STREET
- **CITY:** MARION
- **STATE:** OH
- **ZIP:** 43302
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Onex Partners IV GP LLC
- **CENTRAL INDEX KEY:** 0001838068
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40684
- **FILM NUMBER:** 23712578

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ONEX PARTNERS MANAGER LP
- **STREET 2:** 712 FIFTH AVENUE, 40TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** (212) 582-2211

**MAIL ADDRESS:**
- **STREET 1:** C/O ONEX PARTNERS MANAGER LP
- **STREET 2:** 712 FIFTH AVENUE, 40TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Onex Partners IV Select LP
- **CENTRAL INDEX KEY:** 0001607190
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40684
- **FILM NUMBER:** 23712577

**BUSINESS ADDRESS:**
- **STREET 1:** 712 FIFTH AVENUE
- **STREET 2:** 40TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** (212) 582-2211

**MAIL ADDRESS:**
- **STREET 1:** 712 FIFTH AVENUE
- **STREET 2:** 40TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Onex Private Equity Holdings LLC
- **CENTRAL INDEX KEY:** 0001838067
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40684
- **FILM NUMBER:** 23712576

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ONEX PARTNERS MANAGER LP
- **STREET 2:** 712 FIFTH AVENUE, 40TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** (212) 582-2211

**MAIL ADDRESS:**
- **STREET 1:** C/O ONEX PARTNERS MANAGER LP
- **STREET 2:** 712 FIFTH AVENUE, 40TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** POWERSCHOOL HOLDINGS, INC.
- **CENTRAL INDEX KEY:** 0001835681
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 854166024
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 150 PARKSHORE DRIVE
- **CITY:** FOLSOM
- **STATE:** CA
- **ZIP:** 95630
- **BUSINESS PHONE:** (916) 767-3628

**MAIL ADDRESS:**
- **STREET 1:** 150 PARKSHORE DRIVE
- **CITY:** FOLSOM
- **STATE:** CA
- **ZIP:** 95630

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>ONEX CORP<br><sub>(Last) (First) (Middle)</sub><br>161 BAY STREET, SUITE 4900<br><sub>(Street)</sub><br>TORONTO, A6 M5J 2S1<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-03 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>POWERSCHOOL HOLDINGS, INC. [ PWSC ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Onex Partners IV GP LLC<br><sub>(Last) (First) (Middle)</sub><br>712 FIFTH AVENUE, 40TH FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10019<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-03 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>POWERSCHOOL HOLDINGS, INC. [ PWSC ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Onex Partners IV Select LP<br><sub>(Last) (First) (Middle)</sub><br>712 FIFTH AVENUE, 40TH FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10019<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-03 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>POWERSCHOOL HOLDINGS, INC. [ PWSC ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Onex Private Equity Holdings LLC<br><sub>(Last) (First) (Middle)</sub><br>712 FIFTH AVENUE, 40TH FLOOR<br><sub>(Street)</sub><br>NEW YORK, NY 10019<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-03 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>POWERSCHOOL HOLDINGS, INC. [ PWSC ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Onex US Principals LP<br><sub>(Last) (First) (Middle)</sub><br>165 W CENTER STREET, SUITE 401<br><sub>(Street)</sub><br>MARION, OH 43302<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-03 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>POWERSCHOOL HOLDINGS, INC. [ PWSC ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[ ] Form filed by One Reporting Person<br>[X] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2023-03-03 |  | S |  | 4295739<sup>(1)</sup> | D | 20.16<sup>(2)</sup> | 71118123<sup>(3)</sup> | I | See Footnotes<sup>(4)(5)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) The reported shares of Class A common stock, par value $0.0001 per share, of the Issuer (the "Class A Shares") were sold in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-3 (Registration No. 333-270101). The aggregate 4,295,739 Class A shares sold by the Reporting Persons include: (i) 15,485 Class A Shares sold by Onex Partners IV Select LP ("Partners IV Select"), (ii) 51,296 Class A Shares sold by Onex US Principals LP ("US Principals"), (iii) 2,235,680 Class A Shares sold by Onex Partners IV LP ("IV LP"), (iv) 77,716 Class A Shares sold by Onex Partners IV GP LP ("IV GP LP"), (v) 110,525 Class A Shares sold by Onex Partners IV PV LP ("IV PV LP"), (vi) 1,263,314 Class A Shares sold by Onex Powerschool LP ("Onex Powerschool") and (vii) 541,723 Class A Shares sold by Pinnacle Holdings I L.P. ("Pinnacle," together with each of the foregoing, the "Onex Entities").

(2) This amount represents a public offering price of $21.00 per Class A Share, less an underwriting discount of $0.84 per Class A Share sold in an underwritten public offering.

(3) Consists of (i) 256,355 Class A Shares held directly by Partners IV Select, (ii) 849,226 Class A Shares held directly by US Principals, (iii) 37,012,824 Class A Shares held directly by IV LP, (iv) 1,286,619 Class A Shares held directly by IV GP LP, (v) 1,829,802 Class A Shares held directly by IV PV LP, (vi) 20,914,797 Class A Shares held directly by Onex Powerschool and (vii) 8,968,500 Class A Shares held directly by Pinnacle.

(4) Onex Corporation, a corporation whose subordinated voting shares are traded on the Toronto Stock Exchange may be deemed to beneficially own the Class A Shares held directly by the Onex Entities through Onex Corporation's wholly-owned subsidiaries (i) Onex Partners Canadian GP Inc., which owns all of the equity of (a) Onex Partners IV GP LLC, the general partner of Partners IV Select, and (b) Onex Partners IV GP Limited, the general partner of IV GP LP, the general partner of IV LP, Partners IV Select and IV PV LP, which hold interests in Pinnacle, and (ii) Onex Private Equity Holdings LLC, the sole owner of Onex American Holdings GP LLC and the general partner of Onex Powerschool and US Principals. Mr. Gerald W. Schwartz, the Chairman and CEO of Onex Corporation, holds a majority of the voting rights of the shares of Onex Corporation, and as such may be deemed to beneficially own all of the reported securities but disclaims such beneficial ownership.

(5) Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of such Reporting Person's pecuniary interest therein and, pursuant to Rule 16a-1(a)(4), this report shall not be deemed an admission by any of the Reporting Persons of beneficial ownership of all or any of the reported securities for purposes of Section 16 or for any other purpose.

**Signature:** Onex Private Equity Holdings LLC, By: /s/ Matthew Ross, Director  
**Date:** 2023-03-07

**Signature:** Onex US Principals LP, By: Onex American Holdings GP LLC, its general partner, By: /s/ Matthew Ross, Director  
**Date:** 2023-03-07

**Signature:** Gerald W. Schwartz, By: /s/ Andrea E. Daly, attorney-in-fact for Gerald W. Schwartz  
**Date:** 2023-03-07

**Signature:** Onex Partners IV GP LLC, By: /s/ Matthew Ross, Director  
**Date:** 2023-03-07

### Remarks:

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**