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    SEC Form SC 13G/A filed by Orion Office REIT Inc. (Amendment)

    2/14/24 2:33:28 PM ET
    $ONL
    Real Estate Investment Trusts
    Real Estate
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    SC 13G/A 1 ea193696-13ga2sanda_orion.htm AMENDMENT NO. 2 TO SCHEDULE 13G

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

     

    SCHEDULE 13G

     

    Under the Securities Exchange Act of 1934
    (Amendment No. 2)*

     

     

      

    Orion Office REIT Inc.

    (Name of Issuer)

     

    Common Stock

    (Title of Class of Securities)

     

    68629Y103

    (CUSIP Number)

     

    December 31, 2023

    (Date of Event Which Requires Filing of this Statement)

     

     

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

    ☐ Rule 13d-1(b)

     

    ☒ Rule 13d-1(c)

     

    ☐ Rule 13d-1(d)

     

    *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 the disclosures provided in a prior cover page.

     

    The information required in 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 (“Act”) 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).

     

     

     

     

     

     

    CUSIP No: 68629Y103

      

    1.

    Name of Reporting Person

     

    Par Sanda

    2.

    Check the Appropriate Box if a Member of a Group (See Instructions)

     

    (a) ☐ (b) ☐

    3.

    SEC Use Only

     

    4.

    Citizenship or Place of Organization

     

    United States of America

    Number of
    Shares
    Beneficially
    Owned by
    Each
    Reporting
    Person
    With

    5.

    Sole Voting Power

     

    1,613,297

    6.

    Shared Voting Power

     

    -0-

    7.

    Sole Dispositive Power

     

    1,613,297

    8.

    Shared Dispositive Power

     

    -0-

    9.

    Aggregate Amount Beneficially Owned by Each Reporting Person

     

    1,613,297 (1)

    10.

    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

    ☐

    11.

    Percent of Class Represented by Amount in Row (9)

     

    2.89% (1)

    12.

    Type of Reporting Person (See Instructions)

     

    IN

           

     
    (1)Amounts beneficially owned as of December 31, 2023, are based on the total number of shares of common stock (“Common Stock”) of Orion Office REIT Inc. (the “Issuer”) outstanding, as reported in the Issuer’s Form 10-Q filed on November 9, 2023. As the Managing Member of Sand Capital Associates, LLC (“Sand Capital”), Par Sanda may be deemed to beneficially own all of the shares of Common Stock beneficially owned by Sand Capital.

     

    2

     

     

    CUSIP No: 68629Y103

     

    1.

    Name of Reporting Person

     

    Sand Capital Associates, LLC

    2.

    Check the Appropriate Box if a Member of a Group (See Instructions)

     

    (a) ☐ (b) ☐

    3.

    SEC Use Only

     

    4.

    Citizenship or Place of Organization

     

    State of Florida

     

    Number of
    Shares
    Beneficially
    Owned by
    Each
    Reporting
    Person
    With

    5.

    Sole Voting Power

     

    3,345,385

    6.

    Shared Voting Power

     

    -0-

    7.

    Sole Dispositive Power

     

    3,345,385

    8.

    Shared Dispositive Power

     

    -0-

    9.

    Aggregate Amount Beneficially Owned by Each Reporting Person

     

    3,345,385 (1)

    10.

    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

     

    ☐

    11.

    Percent of Class Represented by Amount in Row (9)

     

    6.00% (1)

    12.

    Type of Reporting Person (See Instructions)

     

    OO

           

     

    (1)Amounts beneficially owned as of December 31, 2023, are based on the total number of shares of Common Stock of the Issuer outstanding, as reported in the Issuer’s Form 10-Q filed on November 9, 2023. As the Managing Member of Sand Capital, Par Sanda may be deemed to beneficially own all of the shares of Common Stock beneficially owned by Sand Capital.

     

    3

     

     

    Item 1.

     

    (a)Name of Issuer:
    Orion Office REIT Inc.

     

    (b)Address of Issuer’s Principal Executive Offices:
    2398 E. Camelback Road, Suite 1060, Phoenix, Arizona 85016

     

    Item 2.

     

    (a)Name of Person Filing:
    Par Sanda; Sand Capital Associates, LLC. (“Reporting Persons”) (1)

     

    (b)Address of Principal Business Office or, if none, Residence
    Par Sanda
    501 N. Birch Rd, Unit 3
    Fort Lauderdale, FL 33304

     

    Sand Capital Associates, LLC
    501 N. Birch Rd, Unit 3
    Fort Lauderdale, FL 33304

     

    (c)Citizenship:
    Par Sanda
    United States of America

     

    Sand Capital Associates, LLC
    State of Florida, United States of America

     

    (d)Title of Class of Securities:
    Common Stock

     

    (e)CUSIP Number:
     68629Y103

     

    Item 3.If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

     

    Not Applicable.

     

    Item 4.Ownership

     

    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

     

    (a)Amount beneficially owned
     See the responses to Item 9 on the attached cover pages.

     

    (b)Percent of class:
     See the responses to Item 11 on the attached cover pages.

     

     

    (1)Neither the present filing nor anything contained herein shall be construed as an admission that the Reporting Persons constitute a “group” for any purpose and each expressly disclaims membership in a group.

     

    4

     

     

    (c)Number of shares as to which the person has

     

    (i)Sole power to vote or to direct the vote
    See the responses to Item 5 on the attached cover pages.

     

    (ii)Shared power to vote or to direct the vote
    See the responses to Item 6 on the attached cover pages.

     

    (iii)Sole power to dispose or to direct the disposition of
    See the responses to Item 7 on the attached cover pages.

     

    (iv)Shared power to dispose or to direct the disposition of
     See the responses to Item 8 on the attached cover pages.

     

    Item 5.Ownership of 5 Percent or Less of a Class

     

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐.

     

    Item 6.Ownership of More than 5 Percent on Behalf of Another Person

     

    Not Applicable.

     

    Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

     

    Not Applicable.

     

    Item 8.Identification and Classification of Members of the Group

     

    Not Applicable.

     

    Item 9.Notice of Dissolution of Group

     

    Not Applicable.

     

    Item 10.Certification

     

    By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

     

    5

     

     

    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: February 14, 2024  
       
    SAND CAPITAL ASSOCIATES, LLC  
       
    /s/ Par Sanda  
    By: Par Sanda  
    Its: Managing Member  
       
    PAR SANDA, Individual  
       
    /s/ Par Sanda  

     

    6

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