Welcome to our dedicated page for SONIDA SENIOR LIVING SEC filings (Ticker: SNDA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Sonida Senior Living, Inc. filings document a Delaware senior living company with common stock listed on the NYSE under SNDA. The record includes Form 8-K reports for operating results, investor presentations, material agreements, capital-structure changes, and the completed CNL Healthcare Properties merger.
Proxy and governance filings describe annual meeting matters, director elections, auditor ratification, advisory executive compensation votes, equity incentive plan amendments, board composition and committee appointments. Capital disclosures include preferred stock conversion, warrant amendments and financing arrangements tied to the company’s senior housing portfolio.
Sonida Senior Living President & CEO Brandon Ribar reported a tax-related share withholding event. On the vesting of restricted stock, 3,067 shares of common stock were withheld at $36.94 per share to cover tax obligations, a non-market transaction.
After this withholding, Ribar directly holds 303,831 shares of common stock. The disclosure also notes performance-based RSUs that may vest after 2027 and 2028 if specified financial goals are met and the Compensation Committee certifies the results.
Sonida Senior Living EVP & CFO Kevin Detz reported routine equity activity related to restricted stock vesting. On May 19, 2026, 1,952 shares of common stock were withheld to satisfy tax withholding obligations at $36.94 per share, leaving him with 186,423 directly held shares. The filing also notes indirect holdings of 85 shares each held by his son and daughter. Footnotes describe additional performance-based RSUs of 14,881 and 19,085 units that may vest after 2027 and 2028 based on financial goals and Compensation Committee certification.
Sonida Senior Living, Inc. established an at-the-market equity program allowing the sale of up to $250,000,000 of common stock through a group of sales agents and forward purchasers under an equity distribution agreement and related master confirmations.
Shares may be sold over time on the New York Stock Exchange or other markets, including ordinary broker transactions, block trades and negotiated deals. Sales agents can earn up to 2.0% of the sale price as commission, and forward purchasers receive up to 2.0% via a reduced initial forward sale price.
The company plans to use net proceeds for acquisitions, capital projects at its senior living communities, working capital and other general corporate purposes, including possible debt repayment. It will not initially receive cash from forward sales and generally expects to settle forward agreements by delivering shares later.
Sonida Senior Living, Inc. is offering, pursuant to a prospectus supplement, up to $250,000,000 of its common stock for sale from time to time under a Distribution Agreement with multiple sales agents and through potential forward sale agreements. The offering may be conducted as an at-the-market program and/or negotiated transactions and includes arrangements where affiliated Forward Purchasers may borrow and sell shares to hedge forward commitments. The prospectus cites the NYSE closing price of $37.78 per share on May 15, 2026 and states net proceeds are intended for acquisitions, capital expenditures, working capital and potential debt repayment. The supplement warns that forward sale settlements can dilute earnings per share or create cash payment obligations and that sales will pay commissions up to 2.0%.
Sonida Senior Living, Inc. filed an amended current report to correct a labeling error in an earlier disclosure about its first-quarter 2026 results. The original report incorrectly used the heading “Item 8.01 Other Events” for information that should appear under “Item 7.01 Regulation FD Disclosure.”
The amendment moves that same information under Item 7.01 without changing its substance and confirms that the earlier financial results disclosure under Item 2.02 remains the same. The company’s press release on the quarter is attached as Exhibit 99.1, and an investor presentation is attached as Exhibit 99.2.
Sonida Senior Living, Inc. terminated its at-the-market stock issuance program with Mizuho Securities, effective May 13, 2026, and incurred no early termination penalties. This means Sonida no longer has an active ATM equity facility with Mizuho.
The company also filed audited financial statements for CNL Healthcare Properties (CHP) and unaudited pro forma combined financial information reflecting Sonida’s March 11, 2026 acquisition of CHP. CHP reported 2025 revenues of $392.6 million and a net loss of $8.8 million, with total assets of $1.29 billion.
Pro forma statements show how Sonida’s results might have looked if the CHP merger and related financing had been in place since January 1, 2025, although management notes these figures are illustrative and not a forecast.
Sonida Senior Living, Inc. reported a much larger net loss as it closed a transformative merger with CNL Healthcare Properties, Inc. For the three months ended March 31, 2026, total revenues rose to $122.6 million from $91.9 million, driven by resident revenue of $108.4 million versus $79.3 million a year earlier.
Net loss attributable to common shareholders widened to $61.4 million from $13.9 million, reflecting higher operating costs, $26.1 million of transaction and restructuring expenses, and a $19.1 million deemed dividend tied to the induced conversion of Series A preferred stock. The CHP Merger carried a preliminary purchase price of about $1.76 billion and added approximately $64.0 million of goodwill.
To finance the deal, Sonida raised $110.0 million of new equity and significantly increased debt, including a $550.0 million term loan facility, a $430.0 million revolving credit facility, and a $220.0 million bridge facility. Total debt rose to $1.64 billion, while cash, cash equivalents, and restricted cash increased to $100.2 million. Total assets expanded to $2.63 billion, and shareholders’ equity improved to $884.9 million from a small deficit at year-end 2025.
Sonida Senior Living reported first-quarter 2026 results alongside major balance sheet changes driven by its CHP acquisition. Resident revenue rose to $108.4 million, up 36.7% year over year, helped by 54 additional senior housing communities from CNL Healthcare Properties. Total revenues reached $122.6 million, while net loss attributable to shareholders widened to $41.2 million, mainly from $26.1 million of transaction, transition and restructuring costs tied to the merger and higher interest expense.
On a pro forma basis, same-store occupancy increased to 87.2% and community net operating income grew 14%, with margin expanding to 31.2%. Adjusted EBITDA rose to $21.5 million and pro forma Adjusted EBITDA to $48.0 million. Sonida closed the roughly $1.8 billion CHP stock-and-cash deal, funded with a new $270 million bridge facility, expanded term loans and revolving credit, and a $110 million private placement of common stock.
As of March 31, 2026, total assets increased to $2.63 billion and total debt to about $1.64 billion. The company has since upsized its term loans to $575 million, its revolver commitment to $455 million, and reduced the bridge facility to $170 million, which it expects to refinance with property-level debt. Cash and cash equivalents were about $84.3 million, and management highlighted plans to use its larger pure-play senior housing platform, data tools and a revised capital allocation framework to drive occupancy, margin expansion and gradual deleveraging over time.
Sonida Senior Living, Inc. is asking stockholders to vote at a virtual annual meeting on June 11, 2026. Proposals include electing three directors, ratifying BDO USA, P.C. as auditor, an advisory vote on executive pay, and a major equity plan amendment.
The company seeks to amend its 2019 Omnibus Stock and Incentive Plan to raise the share pool from 1,797,600 to 3,197,600 common shares for employee and director awards. As of April 17, 2026, 47,343,272 common shares were outstanding, each with one vote.
The proxy describes board structure, committee independence, and an investor rights agreement that gives Conversant Capital and Silk Partners board designation rights. It also details 2025 pay for top executives, including salary, cash bonuses tied to financial metrics, and performance-based and time-based equity awards.