INSPIRATO INCORPORATED SEC Filings

Amendment No. 3 to a Schedule 13D reports that Brent Handler and Bradley A. Handler together beneficially own 1,010,142 shares of Inspirato Class A common stock, representing 8.1% of the 12,469,941 shares outstanding as of August 11, 2025. On September 18, 2025 the Reporting Persons received a revised non-binding all-cash proposal from Exclusive Investments to acquire Inspirato at $3.50 per share and the Reporting Persons sent a letter to the Inspirato Board expressing support for that proposal. Individual beneficial holdings are disclosed: Brent Handler 528,907 shares (4.2%) and Bradley Handler 481,235 shares (3.8%).

Stoney Lonesome and affiliated reporting persons, who collectively own about 5.4% of Inspirato (ISPO), amended a Schedule 13D to attach an open letter to Inspirato's Special Committee. The letter states the reporting persons oppose a proposed merger between Inspirato and Buyerlink, arguing the deal disproportionately benefits Inspirato's CEO and would leave minority stockholders with illiquid, subordinated securities. They point to an all-cash alternative offer of $3.15 per share from Exclusive Investments as superior and urge the Special Committee to engage. The letter cites concerns about Buyerlink's historical performance, alleged overstated projections and vulnerability to AI disruption, and discloses that the reporting persons voted against all merger-related proposals in the company proxy.

In this Amendment No. 2 to Schedule 13D, reporting persons Brent Handler and Bradley A. Handler update their prior filing regarding Class A common stock of Inspirato Incorporated (ISPO). The filing discloses that on September 4, 2025 the company received an unsolicited, non-binding all-cash proposal from Exclusive Investments, LLC to acquire Inspirato for $3.15 per share, implying about $39 million in aggregate value. The Reporting Persons state the Exclusive Proposal appears to offer a premium relative to the previously announced Proposed Merger with Buyerlink, Inc., and urge Inspirato's board and special committee to engage with Exclusive and fulfill fiduciary duties. The filing reiterates the Reporting Persons' continued concerns about the Proposed Merger and questions how Buyerlink was valued at $326 million compared with a public estimate of "somewhere over $100 million."

Brent and Bradley Handler amended their Schedule 13D for Inspirato Incorporated’s Class A common stock to update ownership and their position on the issuer’s proposed merger with Buyerlink, Inc. Brent reports beneficial ownership of 537,982 shares (about 4.3%) and Bradley reports 481,235 shares (about 3.8%) based on 12,469,941 shares outstanding. The Reporting Persons have delivered a demand under Section 220 to inspect Inspirato’s books and records and state the demand remains pending. After reviewing the issuer’s definitive proxy statement and a public stockholder presentation, they express material skepticism about the value of the merger, concerns about the board’s process in approving a deal with an entity wholly owned by Payam Zamani, and state they intend to vote against the proposed merger.

Stoney Lonesome HF LP, Coghill Capital Management LLC, Drake Helix Holdings, LLC, CDC Financial, Inc., and Clint D. Coghill report beneficial ownership positions in Inspirato Inc. The filing covers Class A common stock and discloses that Stoney Lonesome directly owns 633,271 shares (~5.1% of outstanding shares) and Drake Helix directly owns 36,000 shares (~0.3%), with CDC Financial and Mr. Coghill potentially attributable to a combined 669,271 shares (~5.4%). The aggregate purchase prices disclosed are approximately $3,349,904 for Stoney Lonesome's shares and $121,947 for Drake Helix's shares, acquired with working capital.

The reporting persons state they issued a presentation on September 2, 2025 opposing the proposed merger between Inspirato and Buyerlink, asserting that the merger would harm minority stockholders, that the board’s approval process was flawed, that CEO Payam Zamani would receive a substantial windfall, and that the combined company would create a conglomerate without apparent synergies. Exhibits referenced include a transactions schedule and the presentation.