Sec Form 13D Filing - One Planet Group LLC filing for Inspirato Incorporated (ISPO) - 2024-12-17

Item 3 of the Schedule 13D filed by the Reporting Persons on August 16, 2024, as amended on September 16, 2024 and September 30, 2024 (the 'Initial Schedule 13D'), is amended and supplemented as follows:The Reporting Persons are deemed to beneficially own an aggregate of 7,416,143 shares of Class A common stock (consisting of 3,771,829 shares of Class A common stock and warrants to purchase up to 3,644,314 shares of Class A common stock) as reflected in this Schedule 13D. The consideration used to acquire beneficial ownership of the shares of Class A common stock consisted solely of the working capital of One Planet Group LLC.On August 12, 2024, Inspirato Incorporated (the 'Company') entered into an investment agreement (the 'Investment Agreement') with One Planet Group LLC relating to the issuance and sale to One Planet Group LLC of (i) 1,335,271 shares of Class A common stock of the Company for an aggregate purchase price of $4,579,980 (such transaction, the 'Tranche 1 Purchase') and (ii) 1,580,180 shares of Class A common stock for an aggregate purchase price of $5,420,020 and accompanying warrants to purchase up to 2,915,451 shares of Class A common stock (such transaction, the 'Tranche 2 Purchase'). The Tranche 1 Purchase was consummated on August 13, 2024, and the Tranche 2 Purchase was consummated on September 13, 2024. The Investment Agreement was amended on August 30, 2024.On September 29, 2024, a family member of Mr. Payam Zamani agreed to grant to One Planet Group LLC sole voting power with respect to the 70,000 shares of Class A common stock held by such family member of Mr. Zamani (the 'Additional Voting Shares'), as of the date of such agreement and until the date on which the Company's next annual meeting is held. Accordingly, as of September 29, 2024, One Planet Group LLC and Mr. Zamani were deemed to beneficially own the Additional Voting Shares. One Planet Group LLC and Mr. Zamani were deemed to beneficially own the Additional Voting Shares.The Investment Agreement, as amended, provides One Planet Group LLC with an option (the 'Option') to purchase (i) up to 728,863 additional shares of Class A common stock and (ii) warrants to purchase an additional 728,863 shares of Class A common stock for up to an aggregate purchase price of $2,500,000, where the purchase price for each share of Class A common stock will be the same per share purchase price as in the Tranche 1 Purchase and where the Company will deliver a number of warrants equal to the number of shares of Class A common stock being purchased as part of the Option. On December 9, 2024, One Planet Group LLC delivered notice of its election to exercise the Option in full. The closing of the Option exercise occurred on December 9, 2024.In connection with a Lease Termination and Surrender Agreement, dated as of August 12, 2024, between the Company and a third party, One Planet Group LLC agreed to act as the guarantor of the termination fee owed by the Company for a fee of $600,000, to be paid to One Planet Group LLC in six equal monthly installments beginning in January 2025 (the 'Guarantee Fee'). On December 11, 2024, the Board of Directors of the Company approved an amendment to the payment terms of the Guarantee Fee pursuant to which the Company issued 177,515 shares of Class A common stock to One Planet Group LLC on December 16, 2024 in lieu of cash.

Item 5(a) of the Initial Schedule 13D is amended and supplemented as follows:As of the date hereof, the aggregate number of shares of Class A common stock beneficially owned by the Reporting Persons is 7,416,143 shares of Class A common stock, consisting of 3,771,829 shares of Class A common stock (which includes 300,000 shares of Class A common stock held by the Affiliated Entity and 70,000 shares of Class A common stock held by a family member of Mr. Zamani) and warrants to purchase up to 3,644,314 shares of Class A common stock. Mr. Zamani is the President and CEO of One Planet Group LLC. In such capacity, Mr. Zamani has voting and dispositive power over the securities that are held by One Planet Group LLC and its affiliates. As a result, a total of (w) 3,401,829 shares of Class A common stock and (x) warrants to purchase up to 3,644,314 shares of Class A common stock may be deemed to be directly beneficially owned by One Planet Group LLC and indirectly beneficially owned by Mr. Zamani, while (y) the 300,000 shares of Class A common stock held by the Affiliated Entity and (z) the 70,000 shares of Class A common stock held in the name of a family member of Mr. Zamani with respect to which One Planet Group LLC has sole voting power may be deemed to be indirectly beneficially owned by both One Planet Group LLC and Mr. Zamani.

Item 5(b) of the Initial Schedule 13D is amended and supplemented as follows:The number of shares of Class A common stock as to which the Reporting Persons have is as follows: (i) sole power to vote or direct the vote of 7,416,143 shares of Class A common stock (consisting of 3,771,829 shares of Class A common stock and warrants to purchase up to 3,644,314 shares of Class A common stock); (ii) shared power to direct the vote 0 shares of Class A common stock; (iii) sole power to dispose or direct the disposition of 7,346,143 shares of Class A common stock (consisting of 3,701,829 shares of Class A common stock and warrants to purchase up to 3,644,314 shares of Class A common stock); and (iv) shared power to dispose or direct the disposition of 0 shares of Class A common stock.