# EDGAR Filing Document

**Accession Number:** 0001043000
**File Stem:** 0001140361-23-009838
**Filing Date:** 2023-3
**Character Count:** 15762
**Document Hash:** 035037bfcd81feff24212a0d1a63892e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-23-009838.hdr.sgml**: 20230303

**ACCESSION NUMBER**: 0001140361-23-009838

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

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230303

**DATE AS OF CHANGE**: 20230302

**GROUP MEMBERS**: PAUL J. ISAAC

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SONIDA SENIOR LIVING, INC.
- **CENTRAL INDEX KEY:** 0001043000
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-NURSING & PERSONAL CARE FACILITIES [8050]
- **IRS NUMBER:** 752678809
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-53101
- **FILM NUMBER:** 23701398

**BUSINESS ADDRESS:**
- **STREET 1:** 16301 QUORUM DRIVE
- **STREET 2:** SUITE 160A
- **CITY:** ADDISON
- **STATE:** TX
- **ZIP:** 75001
- **BUSINESS PHONE:** 9727705600

**MAIL ADDRESS:**
- **STREET 1:** 16301 QUORUM DRIVE
- **STREET 2:** SUITE 160A
- **CITY:** ADDISON
- **STATE:** TX
- **ZIP:** 75001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPITAL SENIOR LIVING CORP
- **DATE OF NAME CHANGE:** 19970724
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Arbiter Partners Capital Management LLC
- **CENTRAL INDEX KEY:** 0001513193
- **IRS NUMBER:** 273380922
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

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

**BUSINESS ADDRESS:**
- **STREET 1:** 530 FIFTH AVENUE, 20TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-650-4660

**MAIL ADDRESS:**
- **STREET 1:** 530 FIFTH AVENUE, 20TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Fort Hoosac Management, LLC
- **DATE OF NAME CHANGE:** 20110215

------

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 6)

## Sonida Senior Living, Inc.
(Name of Issuer)

#### Common Stock
(Title of Class of Securities)

#### 140475104
(CUSIP Number)

#### Joshua Musher,

#### 530 Fifth Avenue, 20th Floor

#### New York, NY 10036

#### 212-452-9119
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

#### December 23, 2022
(Date of Event which Requires Filing of this Statement)

**If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box: ☒**

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#### SCHEDULE 13D

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| | |
|:---|:---|
| **CUSIP No. 140475104** | **Page 2 of 6 Pages** |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| **1** | **NAMES OF REPORTING PERSONS** | **NAMES OF REPORTING PERSONS** |  |  |
| **1** | Arbiter Partners Capital Management LLC, 20-599-3147 | Arbiter Partners Capital Management LLC, 20-599-3147 |  |  |
| **1** | Arbiter Partners Capital Management LLC, 20-599-3147 | Arbiter Partners Capital Management LLC, 20-599-3147 |  |  |
| **2** | **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** | **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** | (a) | ☐ |
| **2** |  |  | (b) | ☒ |
| **2** |  |  |  |  |
| **3** | **SEC USE ONLY** | **SEC USE ONLY** |  |  |
| **3** |  |  |  |  |
| **3** |  |  |  |  |
| **4** | **SOURCE OF FUNDS (SEE INSTRUCTIONS)** | **SOURCE OF FUNDS (SEE INSTRUCTIONS)** |  |  |
| **4** | AF, OO | AF, OO |  |  |
| **4** | AF, OO | AF, OO |  |  |
| **5** | **CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)** | **CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)** |  | ☐ |
| **5** |  |  |  |  |
| **5** |  |  |  |  |
| **6** | **CITIZENSHIP OR PLACE OF ORGANIZATION** | **CITIZENSHIP OR PLACE OF ORGANIZATION** |  |  |
| **6** | Delaware | Delaware |  |  |
| **6** | Delaware | Delaware |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **7** | **SOLE VOTING POWER** |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **7** |  |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **7** |  |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **8** | **SHARED VOTING POWER** |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **8** | 494981 |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **8** | 494981 |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **9** | **SOLE DISPOSITIVE POWER** |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **9** |  |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **9** |  |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **10** | **SHARED DISPOSITIVE POWER** |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **10** | 494981 |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **10** | 494981 |  |  |
| **11** | **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON** | **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON** |  |  |
| **11** | 494981 | 494981 |  |  |
| **11** | 494981 | 494981 |  |  |
| **12** | **CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)** | **CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)** |  | ☐ |
| **12** |  |  |  |  |
| **12** |  |  |  |  |
| **13** | **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)** | **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)** |  |  |
| **13** | 7.4% | 7.4% |  |  |
| **13** | 7.4% | 7.4% |  |  |
| **14** | **TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)** | **TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)** |  |  |
| **14** | IA | IA |  |  |
| **14** | IA | IA |  |  |

---

------

---

| | |
|:---|:---|
| **CUSIP No. 140475104** | **Page 3 of 6 pages** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **1** | **NAMES OF REPORTING PERSONS** | **NAMES OF REPORTING PERSONS** |  |  |
| **1** | Paul J. Isaac | Paul J. Isaac |  |  |
| **1** | Paul J. Isaac | Paul J. Isaac |  |  |
| **2** | **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** | **CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** | (a) | ☐ |
| **2** |  |  | (b) | ☒ |
| **2** |  |  |  |  |
| **3** | **SEC USE ONLY** | **SEC USE ONLY** |  |  |
| **3** |  |  |  |  |
| **3** |  |  |  |  |
| **4** | **SOURCE OF FUNDS (SEE INSTRUCTIONS)** | **SOURCE OF FUNDS (SEE INSTRUCTIONS)** |  |  |
| **4** | AF, OO | AF, OO |  |  |
| **4** | AF, OO | AF, OO |  |  |
| **5** | **CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)** | **CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)** |  | ☐ |
| **5** |  |  |  |  |
| **5** |  |  |  |  |
| **6** | **CITIZENSHIP OR PLACE OF ORGANIZATION** | **CITIZENSHIP OR PLACE OF ORGANIZATION** |  |  |
| **6** | US citizen | US citizen |  |  |
| **6** | US citizen | US citizen |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **7** | **SOLE VOTING POWER** |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **7** | 10150 |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **7** | 10150 |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **8** | **SHARED VOTING POWER** |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **8** | 494981 |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **8** | 494981 |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **9** | **SOLE DISPOSITIVE POWER** |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **9** | 10150 |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **9** | 10150 |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **10** | **SHARED DISPOSITIVE POWER** |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **10** | 494981 |  |  |
| **NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH** | **10** | 494981 |  |  |
| **11** | **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON** | **AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON** |  |  |
| **11** | 505131 | 505131 |  |  |
| **11** | 505131 | 505131 |  |  |
| **12** | **CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)** | **CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)** |  | ☐ |
| **12** |  |  |  |  |
| **12** |  |  |  |  |
| **13** | **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)** | **PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)** |  |  |
| **13** | 7.6% | 7.6% |  |  |
| **13** | 7.6% | 7.6% |  |  |
| **14** | **TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)** | **TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)** |  |  |
| **14** | IN | IN |  |  |
| **14** | IN | IN |  |  |

---

------

#### Schedule 13D

#### Amendment No. 6
**Item 1.** **Security and Issuer**<br>

This Amendment No. 6 to the Statement on Schedule 13D filed on November 7, 2016 (this "<u>Schedule 13D</u>"), as previously amended on December 13, 2016, December 20, 2016, March 10, 2017, October 8, 2021 and November 12, 2021 relating to the common stock, $0.01 par value (the "<u>Common Stock</u>"), of Sonida Senior Living, Inc., a Delaware company (formerly known as Capital Senior Living Corporation) (the "<u>Company</u>"), is being filed by Arbiter Partners Capital Management LLC ("<u>APCM</u>") and Paul J. Isaac to furnish the additional information set forth herein. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.

**Item 5.** **Interest in Securities of the Issuer**<br>

Item 5(a) and Item 5(b) of the Schedule 13D are hereby amended by replacing them in their entirety with the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) – (b) APCM may be deemed to own beneficially 494,981 shares of Common Stock, or 7.4% of the Common Stock outstanding.<sup>1</sup> Of these shares, 471,042 or 7.1% are held by APQ, and the remainder are held in accounts managed and/or administered by APCM including accounts for the benefit of the family of Paul J. Isaac (the "<u>Accounts</u>").

By reason of its position as investment adviser to APQ and as manager and/or administrator of the Accounts, APCM may be deemed to possess the power to vote and dispose of the shares of Common Stock held by APQ and the Common Stock held in the Accounts. By reason of his responsibility for the supervision and conduct of all investment activities of APCM, Mr. Isaac may be deemed to possess the power to vote and dispose of the shares of Common Stock beneficially owned by APCM. In addition, Mr. Isaac directly owns 10,150 shares of Common Stock.

Item 5(c) of the Schedule 13D is hereby amended by the addition of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following table sets forth all transactions by any of the Reporting Persons since the last amendment to this Schedule 13D was filed on November 12, 2021. Unless otherwise indicated, all such transactions were effectuated in the open market through a broker.

---

| | | | |
|:---|:---|:---|:---|
| <u>Name of Reporting Person</u> | <u>Date of</u><br> <u>Transaction</u> | <u>Number of Shares</u><br> <u>Purchased (Sold)</u> | <u>Price per Share</u><br>|
| Paul J. Isaac | 12/14/2021 | 384 | $23.22 |
| Arbiter Partners Capital Management LLC | 12/14/2021 | 500 | $23.22 |
| Arbiter Partners Capital Management LLC | 12/14/2021 | 1000 | $23.22 |
| Arbiter Partners Capital Management LLC | 7/08/2022 | (2401) | $21.72 |
| Arbiter Partners Capital Management LLC | 7/12/2022 | (1011) | $22.62 |
| Arbiter Partners Capital Management LLC | 7/15/2022 | (10) | $21.30 |
| Arbiter Partners Capital Management LLC | 12/09/2022 | (4718) | $16.50 |
| Arbiter Partners Capital Management LLC | 12/12/2022 | (400) | $15.85 |
| Arbiter Partners Capital Management LLC | 12/12/2022 | (1159) | $15.77 |
| Arbiter Partners Capital Management LLC | 12/13/2022 | (1700) | $15.73 |
| Arbiter Partners Capital Management LLC | 12/13/2022 | (100) | $15.75 |
| Arbiter Partners Capital Management LLC | 12/13/2022 | (1400) | $15.73 |
| Arbiter Partners Capital Management LLC | 12/14/2022 | (100) | $14.32 |

---

------

 <sup></sup> 

<sup>1</sup> Percentages of the shares of Common Stock outstanding reported in this Amendment No. 6 are calculated based upon 6,669,949 shares of Common Stock outstanding, as reported in the Company's Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission ("SEC") on November 14, 2022.

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| | | | |
|:---|:---|:---|:---|
| Arbiter Partners Capital Management LLC | 12/14/2022 | (100) | $15.00 |
| Arbiter Partners Capital Management LLC | 12/15/2022 | (874) | $13.03 |
| Arbiter Partners Capital Management LLC | 12/19/2022 | (800) | $12.06 |
| Arbiter Partners Capital Management LLC | 12/19/2022 | (2100) | $12.08 |
| Arbiter Partners Capital Management LLC | 12/19/2022 | (1200) | $12.06 |
| Arbiter Partners Capital Management LLC | 12/19/2022 | (3600) | $12.06 |
| Arbiter Partners Capital Management LLC | 12/20/2022 | (450) | $11.77 |
| Arbiter Partners Capital Management LLC | 12/20/2022 | (8829) | $11.80 |
| Arbiter Partners Capital Management LLC | 12/20/2022 | (2000) | $11.87 |
| Arbiter Partners Capital Management LLC | 12/21/2022 | (400) | $11.75 |
| Arbiter Partners Capital Management LLC | 12/21/2022 | (700) | $11.78 |
| Arbiter Partners Capital Management LLC | 12/21/2022 | (1743) | $11.77 |
| Arbiter Partners Capital Management LLC | 12/21/2022 | (1600) | $11.73 |
| Arbiter Partners Capital Management LLC | 12/22/2022 | (100) | $11.50 |
| Arbiter Partners Capital Management LLC | 12/22/2022 | (313) | $11.53 |
| Arbiter Partners Capital Management LLC | 12/22/2022 | (400) | $11.54 |
| Arbiter Partners Capital Management LLC | 12/22/2022 | (365) | $11.53 |
| Arbiter Partners Capital Management LLC | 12/23/2022 | 82 | \* |
| Arbiter Partners Capital Management LLC | 12/23/2022 | 82 | \* |
| Arbiter Partners Capital Management LLC | 12/23/2022 | 82 | \* |
| Arbiter Partners Capital Management LLC | 12/23/2022 | (72000)\*\* | $11.50 |
| Arbiter Partners Capital Management LLC | 1/3/2023 | (82) | $12.90 |
| Arbiter Partners Capital Management LLC | 1/3/2023 | (82) | $12.90 |
| Arbiter Partners Capital Management LLC | 1/3/2023 | (82) | $12.90 |

---

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\* Shares transferred into Accounts managed and/or administered by APCM.

\*\* Shares sold in a private transaction.

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#### 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.

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| | | |
|:---|:---|:---|
| Dated: March 2, 2023 |  |  |
|  | ARBITER PARTNERS CAPITAL MANAGEMENT LLC | ARBITER PARTNERS CAPITAL MANAGEMENT LLC |
|  | By: | /s/ Joshua Musher |
|  | Name: Joshua Musher | Name: Joshua Musher |
|  | Title: Chief Operating Officer | Title: Chief Operating Officer |
|  | Paul J. Isaac | Paul J. Isaac |
|  | /s/ Paul J. Isaac | /s/ Paul J. Isaac |

---

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