Sec Form 13D Filing - Colt CZ Group SE @ Vista Outdoor Inc.

Sec Form 13D Filing - Colt CZ Group SE filing for Vista Outdoor Inc. (VSTO) - 2024-03-12

Insider filing report for Changes in Beneficial Ownership

Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Amendment No. 2)

Under the Securities Exchange Act of 1934

VISTA OUTDOOR INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

928377100

(CUSIP Number)

Colt CZ Group SE

Attn: Josef Adam

náměstí Republiky 2090/3a

Nové Město, 110 00 Praha 1, Czech Republic

420602552479

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

Copies to:

Stuart Rogers

Alston & Bird LLP

90 Park Avenue

New York, New York 10016

March 8, 2024

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

*	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 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).


1.		Name of Reporting Person Colt CZ Group SE
2.		Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds (See Instructions) WC
5.		Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) ¨ ☐
6.		Citizenship or Place of Organization Czech Republic

(1)	Percentage based upon 58,146,933 shares of the Issuer’s common stock outstanding as of January 29, 2024, according to the Issuer’s Quarterly Report on Form 10-Q filed on February 1, 2024.


1.		Name of Reporting Person Česká zbrojovka Partners SE
2.		Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds (See Instructions) AF
5.		Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) ¨ ☐
6.		Citizenship or Place of Organization Czech Republic

(1)	Percentage based upon 58,146,933 shares of the Issuer’s common stock outstanding as of January 29, 2024, according to the Issuer’s Quarterly Report on Form 10-Q filed on February 1, 2024.


1.		Name of Reporting Person Leima Equity Two a.s.
2.		Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds (See Instructions) WC
5.		Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) ¨ ☐
6.		Citizenship or Place of Organization Czech Republic

(1)	Percentage based upon 58,146,933 shares of the Issuer’s common stock outstanding as of January 29, 2024, according to the Issuer’s Quarterly Report on Form 10-Q filed on February 1, 2024.


1.		Name of Reporting Person René Holeček
2.		Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
3.		SEC Use Only
4.		Source of Funds (See Instructions) PF, AF
5.		Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) ¨ ☐
6.		Citizenship or Place of Organization Czech Republic

(1)	Consists of (i) 1,131,801 shares owned directly by Colt CZ Group SE, (ii) 1,610,887 shares owned directly by Leima Equity Two a.s. and (iii) 130,000 shares owed directly by Leima Equity One a.s.

(2)	Percentage based upon 58,146,933 shares of the Issuer’s common stock outstanding as of January 29, 2024, according to the Issuer’s Quarterly Report on Form 10-Q filed on February 1, 2024.


1.		Name of Reporting Person Jan Drahota
2.		Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☒
3.	SEC Use Only
4.		Source of Funds (See Instructions) PF, AF
5.		Check if Disclosure of Legal Proceeding Is Required Pursuant to Items 2(d) or 2(e) ¨ ☐
6.		Citizenship or Place of Organization Czech Republic

(1)	Percentage based upon 58,146,933 shares of the Issuer’s common stock outstanding as of January 29, 2024, according to the Issuer’s Quarterly Report on Form 10-Q filed on February 1, 2024.

This Amendment No. 2 (this “Amendment”) amends the statement on Schedule 13D filed with the U.S. Securities and Exchange Commission on October 25, 2023 (the “Schedule 13D”) by the Reporting Persons, as amended and supplemented by Amendment No. 1 to the Schedule 13D filed on November 22, 2023. Capitalized terms used but not defined in this Amendment No. 2 have the meanings set forth in the Schedule 13D. Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D.

As used in this Amendment, the term “Reporting Persons” collectively refers to: (i) Colt CZ Group SE, a joint stock company organized under the laws of the Czech Republic (“Colt CZ”), (ii) Leima Equity Two a.s., a joint stock company organized under the laws of the Czech Republic (“Leima”), (iii) Česká zbrojovka Partners SE, a joint stock company organized under the laws of the Czech Republic (“CZP”), (iv) Jan Drahota, a citizen of the Czech Republic, and (v) René Holeček, a citizen of the Czech Republic.

As set forth below, as a result of the transactions described herein, on March 8, 2024, each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the shares of Common Stock of the Issuer. The filing of this Amendment represents the final amendment to the Initial 13D and constitutes an exit filing for the Reporting Persons.

Item 5. Interest In Securities of the Issuer.

Item 5 of the Schedule 13D is hereby amended and supplemented as follows:

(c)

The Reporting Persons effected the following transactions in the Common Stock on the dates indicated and such transactions are the only transactions in the Common Stock by the Reporting Persons in the sixty (60) days preceding the date of this Amendment, or since the most recent filing of Schedule 13D by the Reporting Persons, whichever is less. Except as otherwise noted below, all such transactions were sales of Common Stock effected in the open market, and the table includes commissions paid in per share prices.


Name of Reporting Person	Date of Transaction		Transaction		Number of Securities		Price< br>Per Share ($)
Colt CZ		2/29/2024		Sale		20,000	$	31.36
Colt CZ		2/29/2024		Sale		20,000	$	31.32
Colt CZ		2/29/2024		Sale		20,000	$	31.07
Colt CZ		3/1/2024		Sale		20,000	$	33.57
Colt CZ		3/1/2024		Sale		20,000	$	33.01
Colt CZ		3/5/2024		Sale		20,000	$	32.16
Colt CZ		3/6/2024		Sale		11,385	$	32.04
Colt CZ		3/7/2024		Sale		10,000	$	32.02
Colt CZ		3/8/2024		Sale		100,000	$	32.12
Leima		2/7/2024		Sale		916	$	30.00
Leima		2/8/2024		Sale		9,084	$	30.00
Leima		2/9/2024		Sale		721	$	30.10
Leima		2/12/2024		Sale		39,279	$	30.36
Leima		2/14/2024		Sale		10,000	$	30.16
Leima		2/20/2024		Sale		10,000	$	30.15
Leima		2/21/2024		Sale		762	$	30.50
Leima		2/27/2024		Sale		257	$	30.50
Leima		2/28/2024		Sale		27,119	$	30.78
Leima		2/29/2024		Sale		8.299	$	31.25
Leima		3/1/2024		Sale		28,563	$	32.99


Leima	3/5/2024	Sale	20,000	$	32.17
Leima	3/7/2024	Sale	5,144	$	32.05
Leima	3/8/2024	Sale	6,856	$	32.35
Jan Drahota	2/14/2024	Sale	25,000	$	29.88
Jan Drahota	2/21/2024	Sale	19,535	$	30.50
Jan Drahota	2/29/2024	Sale	5.465	$	30.50

(e)

As a result of the transactions described herein, on March 8, 2024, each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the shares of Common Stock. The filing of this Amendment represents the final amendment to the Initial 13D and constitutes an exit filing for the Reporting Persons.

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.

Date: March 12, 2024

COLT CZ GROUP SE

/s/ Jan Drahota

Name: Jan Drahota

Title: Chairman of the Board of Directors

/s/ Josef Adam

Name: Josef Adam

Title: Vice-Chairman of the Board of Directors

LEIMA EQUITY TWO A.S.

/s/ Tomáš Stoszek

Name: Tomáš Stoszek

Title: Director

ČESKÁ ZBROJOVKA PARTNERS SE

/s/ Hana Balounová

Name: Hana Balounová

Title: Chairman of the Board of Directors

/s/ René Holeček

René Holeček

/s/ Jan Drahota

Jan Drahota

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

with

Sole Voting Power

0

Shared Voting Power

1,131,801

Sole Dispositive Power

0

Shared Dispositive Power

1,131,801