# EDGAR Filing Document

**Accession Number:** 0001585097
**File Stem:** 0001104659-23-007514
**Filing Date:** 2023-1
**Character Count:** 25070
**Document Hash:** e9e2d1467d7604d84a806e141e24650a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-007514.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001104659-23-007514

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**GROUP MEMBERS**: KIP MCCLANAHAN

**GROUP MEMBERS**: MORGAN L. FLAGER

**GROUP MEMBERS**: SILVERTON PARTNERS IV GP, L.P.

**GROUP MEMBERS**: SILVERTON PARTNERS IV, L.L.C.

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Vacasa, Inc.
- **CENTRAL INDEX KEY:** 0001874944
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-TO DWELLINGS & OTHER BUILDINGS [7340]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93396
- **FILM NUMBER:** 23562728

**BUSINESS ADDRESS:**
- **STREET 1:** 850 NW 13TH AVENUE
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 097209
- **BUSINESS PHONE:** (800) 544-0300

**MAIL ADDRESS:**
- **STREET 1:** 850 NW 13TH AVENUE
- **CITY:** PORTLAND
- **STATE:** OR
- **ZIP:** 097209
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SILVERTON PARTNERS IV, L.P.
- **CENTRAL INDEX KEY:** 0001585097
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 1000 RIO GRANDE STREET
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701
- **BUSINESS PHONE:** 512.476.6700

**MAIL ADDRESS:**
- **STREET 1:** 1000 RIO GRANDE STREET
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 13G**<br> (Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

(Amendment No. 1)\*

**Vacasa, Inc.** 

(Name of Issuer)

**CLASS A COMMON STOCK, PAR VALUE $0.00001 PER SHARE**

(Title of Class of Securities)

**91854V 10 7**

(CUSIP Number)

**December 31, 2022**

(Date of Event Which Requires Filing of This Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

◻ Rule 13d-1(b)

◻ Rule 13d-1(c)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⌧ **Rule 13d-1(d)** 

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

---

| | |
|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp;NAMES OF REPORTING PERSONS.<br>**Silverton Partners IV, L.P.**  |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br> (a) ◻ **(b)** **⌧ (1)** |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br> **Delaware** |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;5 | &nbsp;&nbsp;SOLE VOTING POWER<br> **0 shares** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;6 | &nbsp;&nbsp;SHARED VOTING POWER<br> **5,457,967 shares (2)** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;7 | &nbsp;&nbsp;SOLE DISPOSITIVE POWER<br> **0 shares** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;8 | &nbsp;&nbsp;SHARED DISPOSITIVE POWER<br> **5,457,967 shares (2)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;9 | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON **5,457,967 shares (2)** | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON **5,457,967 shares (2)** |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | ◻ |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br>| <br> **2.54% (3)** |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON\*<br>| <br> **PN** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) This Schedule 13G is filed by Silverton Partners
 IV, L.P., a Delaware limited partnership ("Fund IV"), Silverton Partners IV GP,
 L.P. ("GP IV"), Silverton Partner IV, L.L.C. ("UGP IV"), Morgan L.
 Flager ("Flager") and Kip McClanahan ("McClanahan" and, together
 with Fund IV, GP IV, UGP IV and Flager, collectively, the "Reporting Persons").
 The Reporting Persons expressly disclaim status as a "group" for purposes of
 this Schedule 13G. The information with respect to the ownership of the Common Stock by the
 Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Includes 5,457,967 shares
 of Issuer's Class A Common Stock held by Fund IV. GP IV serves as the sole general
 partner of Fund IV. UGP IV serves as the sole general partner of GP IV. Flager and McClanahan
 are the managing members of UGP IV and share voting and dispositive power over the shares
 held by Fund IV.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The Percent of Class is calculated on the
 basis of 234,461,028 shares of Class A Common Stock outstanding as of November 7, 2022, as
 reported in the Issuer's most recent Form 10-Q filed with the Securities and Exchange
 Commission on November 10, 2022 (the "Current Form 10-Q"). Based on the total
 of 431,738,097 shares of the Issuer's Class A and Class B Common Stock (including 197,277,069
 shares of Class B Common Stock) outstanding as of November 7, 2022, Fund IV beneficially
 owns 1.28% of the Issuer's total outstanding Class A and Class B Common Stock as of
 November 7, 2022.

---

| | |
|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp;NAMES OF REPORTING PERSONS.<br>**Silverton Partners IV GP, L.P.** |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br> (a) ◻ **(b)** **⌧ (1)** |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br> **Delaware** |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;5 | &nbsp;&nbsp;SOLE VOTING POWER<br> **0 shares** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;6 | &nbsp;&nbsp;SHARED VOTING POWER<br> **5,457,967 shares (2)** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;7 | &nbsp;&nbsp;SOLE DISPOSITIVE POWER<br> **0 shares** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;8 | &nbsp;&nbsp;SHARED DISPOSITIVE POWER<br> **5,457,967 shares (2)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;9 | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON **5,457,967 shares (2)** | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON **5,457,967 shares (2)** |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | ◻ |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br>| <br> **2.54% (3)** |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON\*<br>| <br> **PN** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) This Schedule 13G is filed by the Reporting
 Persons. The Reporting Persons expressly disclaim status as a "group" for purposes
 of this Schedule 13G. The information with respect to the ownership of the Common Stock by
 the Reporting Persons filing this statement on Schedule 13G is provided as of December 31,
 2022.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Includes 5,457,967 shares
 of Issuer's Class A Common Stock held by Fund IV. GP IV serves as the sole general
 partner of Fund IV. UGP IV serves as the sole general partner of GP IV. Flager and McClanahan
 are the managing members of UGP IV and share voting and dispositive power over the shares
 held by Fund IV.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The Percent of Class is calculated on the
 basis of 234,461,028 shares of Class A Common Stock outstanding as of November 7, 2022, as
 reported in the Current Form 10-Q. Based on the total of 431,738,097 shares of the Issuer's
 Class A and Class B Common Stock (including 197,277,069 shares of Class B Common Stock) outstanding
 as of November 7, 2022, GP IV beneficially owns 1.28% of the Issuer's total outstanding
 Class A and Class B Common Stock as of November 7, 2022.

---

| | |
|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp;NAMES OF REPORTING PERSONS.<br>**Silverton Partners IV, L.L.C.** |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br> (a) ◻ **(b)** **⌧ (1)** |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br> **Delaware** |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;5 | &nbsp;&nbsp;SOLE VOTING POWER<br> **0 shares** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;6 | &nbsp;&nbsp;SHARED VOTING POWER<br> **5,457,967 shares (2)** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;7 | &nbsp;&nbsp;SOLE DISPOSITIVE POWER<br> **0 shares** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;8 | &nbsp;&nbsp;SHARED DISPOSITIVE POWER<br> **5,457,967 shares (2)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;9 | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON **5,457,967 shares (2)** | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON **5,457,967 shares (2)** |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | ◻ |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br>| <br> **2.54% (4)** |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON\*<br>| <br> **OO** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) This Schedule 13G is filed by the Reporting
 Persons. The Reporting Persons expressly disclaim status as a "group" for purposes
 of this Schedule 13G. The information with respect to the ownership of the Common Stock by
 the Reporting Persons filing this statement on Schedule 13G is provided as of December 31,
 2022.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Includes 5,457,967 shares
 of Issuer's Class A Common Stock held by Fund IV. GP IV serves as the sole general
 partner of Fund IV. UGP IV serves as the sole general partner of GP IV. Flager and McClanahan
 are the managing members of UGP IV and share voting and dispositive power over the shares
 held by Fund IV.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The Percent of Class is calculated on the
 basis of 234,461,028 shares of Class A Common Stock outstanding as of November 7, 2022, as
 reported in the Current Form 10-Q. Based on the total of 431,738,097 shares of the Issuer's
 Class A and Class B Common Stock (including 197,277,069 shares of Class B Common Stock) outstanding
 as of November 7, 2022, UGP IV beneficially owns 1.28% of the Issuer's total outstanding
 Class A and Class B Common Stock as of November 7, 2022.

---

| | |
|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp;NAMES OF REPORTING PERSONS.<br>**Morgan L. Flager** |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br> (a) ◻ **(b)** **⌧ (1)** |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br> **United States of America** |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;5 | &nbsp;&nbsp;SOLE VOTING POWER<br> **290,000 shares** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;6 | &nbsp;&nbsp;SHARED VOTING POWER<br> **5,457,967 shares (2)** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;7 | &nbsp;&nbsp;SOLE DISPOSITIVE POWER<br> **290,000 shares** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;8 | &nbsp;&nbsp;SHARED DISPOSITIVE POWER<br> **5,457,967 shares (2)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;9 | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON **5,747,967 shares (2)** | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON **5,747,967 shares (2)** |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | ◻ |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br>| <br> **2.68% (3)** |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON\*<br>| <br> **IN** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) This Schedule 13G is filed by the Reporting
 Persons. The Reporting Persons expressly disclaim status as a "group" for purposes
 of this Schedule 13G. The information with respect to the ownership of the Common Stock by
 the Reporting Persons filing this statement on Schedule 13G is provided as of December 31,
 2022.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Includes 5,457,967 shares
 of Issuer's Class A Common Stock held by Fund IV. GP IV serves as the sole general
 partner of Fund IV. UGP IV serves as the sole general partner of GP IV. Flager and McClanahan
 are the managing members of UGP IV and share voting and dispositive power over the shares
 held by Fund IV.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The Percent of Class is calculated on the
 basis of 234,461,028 shares of Class A Common Stock outstanding as of November 7, 2022, as
 reported in the Current Form 10-Q. Based on the total of 431,738,097 shares of the Issuer's
 Class A and Class B Common Stock (including 197,277,069 shares of Class B Common Stock) outstanding
 as of November 7, 2022, Flager beneficially owns 1.35% of the Issuer's total outstanding
 Class A and Class B Common Stock as of November 7, 2022.

---

| | |
|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp;NAMES OF REPORTING PERSONS.<br>**Kip McClanahan** |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP\*<br> (a) ◻ **(b)** **⌧ (1)** |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;CITIZENSHIP OR PLACE OF ORGANIZATION<br> **United States of America** |

---

---

| | | |
|:---|:---|:---|
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;5 | &nbsp;&nbsp;SOLE VOTING POWER<br> **639,320 shares** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;6 | &nbsp;&nbsp;SHARED VOTING POWER<br> **5,457,967 shares (2)** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;7 | &nbsp;&nbsp;SOLE DISPOSITIVE POWER<br> **639,320 shares** |
| NUMBER OF<br> SHARES<br> BENEFICIALLY<br> OWNED BY EACH REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp;8 | &nbsp;&nbsp;SHARED DISPOSITIVE POWER<br> **5,457,967 shares (2)** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;9 | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON **6,097,287 shares (2)** | &nbsp;&nbsp;AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON **6,097,287 shares (2)** |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES\* | ◻ |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9<br>| <br> **2.84% (3)** |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TYPE OF REPORTING PERSON\*<br>| <br> **IN** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) This Schedule 13G is filed by the Reporting
 Persons. The Reporting Persons expressly disclaim status as a "group" for purposes
 of this Schedule 13G. The information with respect to the ownership of the Common Stock by
 the Reporting Persons filing this statement on Schedule 13G is provided as of December 31,
 2022.

&nbsp;&nbsp;&nbsp;&nbsp;(2) Includes 5,457,967 shares
 of Issuer's Class A Common Stock held by Fund IV. GP IV serves as the sole general
 partner of Fund IV. UGP IV serves as the sole general partner of GP IV. Flager and McClanahan
 are the managing members of UGP IV and share voting and dispositive power over the shares
 held by Fund IV.

&nbsp;&nbsp;&nbsp;&nbsp;(3) The Percent of Class is calculated on the
 basis of 234,461,028 shares of Class A Common Stock outstanding as of November 7, 2022, as
 reported in the Current Form 10-Q. Based on the total of 431,738,097 shares of the Issuer's
 Class A and Class B Common Stock (including 197,277,069 shares of Class B Common Stock) outstanding
 as of November 7, 2022, McClanahan beneficially owns 1.43% of the Issuer's total outstanding
 Class A and Class B Common Stock as of November 7, 2022.

Introductory Note: This Statement on Schedule 13G (this "Statement") is filed on behalf of the Reporting Persons, in respect of shares of Class A Common Stock, par value $0.00001 per share ("Class A Common Stock"), of Vacasa, Inc. (the "Issuer").

**Item 1**

&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Name of Issuer</u> 

Vacasa, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Address of Issuer's Principal Executive Offices</u> 

850 NW 13<sup>th</sup> Avenue

Portland, OR 97209

**Item 2**

&nbsp;&nbsp;&nbsp;&nbsp;(a) Name
 of Person(s) Filing:

Silverton Partners IV, L.P. ("Fund IV")

Silverton Partners IV GP, L.P. ("GP IV")

Silverton Partners IV, L.L.C. ("UGP")

Morgan L. Flager ("Flager")

Kip McClanahan ("McClanahan")

(b) Address of Principal Business Office: c/o Silverton Partners <br> 600 W. 7<sup>th</sup> Street <br> Austin, TX 78701

&nbsp;&nbsp;&nbsp;&nbsp;(c) Citizenship:

---

| | | |
|:---|:---|:---|
| Entities: | Fund IV | Delaware |
| | GP IV | Delaware |
| | UGP IV | Delaware |
| Individuals: | Flager | United States of America |
| | McClanahan | United States of America |

---

&nbsp;&nbsp;&nbsp;&nbsp;(d) Title
 of Class of Securities: Class
 A Common Stock

&nbsp;&nbsp;&nbsp;&nbsp;(e) CUSIP
 Number: 91854V
 10 7

---

| | |
|:---|:---|
| **Item 3** | Not applicable. |

---

---

| | |
|:---|:---|
| **Item 4** | **Ownership**. |

---

The following information with respect to the ownership of the Common Stock by the Reporting Persons filing this statement on Schedule 13G is provided as of December 31, 2022:

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reporting Persons** | **Shares Held<br> Directly** | **Sole Voting<br> Power** | **Shared<br> Voting Power** |  | **Sole<br> Dispositive<br> Power** | **Shared<br> Dispositive<br> Power** |  | **Beneficial<br> Ownership** |  | **Percent<br> of Class<br> (2)** | **Percent of<br> All Class A <br> and Class B<br> Common (3)** |
| Fund IV | 5457967 |  | 5457967 | (1) |  | 5457967 | (1) | 5457967 | (1) | 2.54% | 1.28% |
| GP IV |  |  | 5457967 | (1) |  | 5457967 | (1) | 5457967 | (1) | 2.54% | 1.28% |
| GP IV FIF |  |  | 5457967 | (1) |  | 5457967 | (1) | 5457967 | (1) | 2.54% | 1.28% |
| Flager | 290000 | 290000 | 5457967 | (1) | 290000 | 5457967 | (1) | 5747967 | (1) | 2.68% | 1.35% |
| McClanahan | 639320 | 639320 | 5457967 | (1) | 639320 | 5457967 | (1) | 6097287 | (1) | 2.84% | 1.43% |

---

(1) Includes
 5,457,967 shares of Issuer's Class A Common Stock held by Fund IV. GP IV serves as
 the sole general partner of Fund IV. UGP IV serves as the sole general partner of GP IV.
 Flager and McClanahan are the managing members of UGP IV and share voting and dispositive
 power over the shares held by Fund IV.

(2) The Percent of Class is calculated on the
 basis of 234,461,028 shares of Class A Common Stock outstanding as of November 7, 2022, as
 reported in the Issuer's most recent Form 10-Q filed with the Securities and Exchange
 Commission on November 10, 2022 (the "Current Form 10-Q").

(3) The Percent of All Class A and Class B Common
 is based on the total of 431,738,097 shares of the Issuer's Common Stock (including
 197,277,069 shares of Class B Common Stock) outstanding as of November 7, 2022, as reported
 in the Current Form 10-Q.

---

| | |
|:---|:---|
| **Item 5** | **Ownership of Five Percent or Less of a Class**. |

---

If this statement is being filed to report the fact that as of the date hereof, the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: 🗹

---

| | |
|:---|:---|
| **Item 6** | **Ownership of More Than Five Percent on Behalf of Another Person**. |

---

Not applicable.

---

| | |
|:---|:---|
| **Item 7** | **Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company**.<br>Not applicable. |

---

---

| | |
|:---|:---|
| **Item 8** | **Identification and Classification of Members of the Group**.<br>Not applicable. |

---

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| | |
|:---|:---|
| **Item 9** | **Notice of Dissolution of Group**. |

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Not applicable.

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| | |
|:---|:---|
| **Item 10** | **Certification**. |

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Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: January 27, 2023

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| | |
|:---|:---|
| **Silverton Partners IV, L.P.** | **Silverton Partners IV, L.P.** |
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silverton Partners IV GP, L.P. |
| Its: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Partner |
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silverton Partners IV, L.L.C. |
| Its: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Partner |
| By: | /s/ Morgan L. Flager |
|  | Name: Morgan L. Flager |
|  | Title: Managing Member |
| **Silverton Partners IV GP, L.P.** | **Silverton Partners IV GP, L.P.** |
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silverton Partners IV, L.L.C. |
| Its: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Partner |
| By: | /s/ Kip McClanahan |
|  | Name: Kip McClanahan |
|  | Title: Managing Member |
| **Silverton Partners IV, L.L.C.** | **Silverton Partners IV, L.L.C.** |
| By: | /s/ Morgan L. Flager |
|  | Name: Morgan L. Flager |
|  | Title: Managing Member |
| /s/ Morgan L. Flager | /s/ Morgan L. Flager |
| **Morgan L. Flager** | **Morgan L. Flager** |
| /s/ Kip McClanahan | /s/ Kip McClanahan |
| **Kip McClanahan** | **Kip McClanahan** |

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**Exhibit(s)**:

A - Joint Filing Statement

EXHIBIT A

JOINT FILING STATEMENT

We, the undersigned, hereby express our agreement that the attached Schedule 13G (or any amendments thereto) relating to the Common Stock of Vacasa, Inc. is filed on behalf of each of us.

Dated: January 27, 2023

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| | |
|:---|:---|
| **Silverton Partners IV, L.P.** | **Silverton Partners IV, L.P.** |
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silverton Partners IV GP, L.P. |
| Its: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Partner |
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silverton Partners IV, L.L.C. |
| Its: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Partner |
| By: | /s/ Morgan L. Flager |
|  | Name: Morgan L. Flager |
|  | Title: Managing Member |
| **Silverton Partners IV GP, L.P.** | **Silverton Partners IV GP, L.P.** |
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silverton Partners IV, L.L.C. |
| Its: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Partner |
| By: | /s/ Kip McClanahan |
|  | Name: Kip McClanahan |
|  | Title: Managing Member |
| **Silverton Partners IV, L.L.C.** | **Silverton Partners IV, L.L.C.** |
| By: | /s/ Morgan L. Flager |
|  | Name: Morgan L. Flager |
|  | Title: Managing Member |
| /s/ Morgan L. Flager | /s/ Morgan L. Flager |
| **Morgan L. Flager** | **Morgan L. Flager** |
| /s/ Kip McClanahan | /s/ Kip McClanahan |
| **Kip McClanahan** | **Kip McClanahan** |

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