Material Agreement, Financial Obligation (Form 8-K)

On August 7, 2025, Sonida Senior Living, Inc. (the "Company") entered into a senior secured term loan of $137.0 million ("2025 Ally Term Loan") with Ally Bank ("Ally") with a closing fee of 0.75%, or $1.0 million. The 2025 Ally Term Loan amends and restates the Company's existing term loan agreement with Ally, dated as of March 10, 2022, as amended. The 2025 Ally Term Loan allows for an initial term loan advance on the closing date of $122.0 million on 19 communities, which includes 18 communities under the existing Ally term loan agreement, as well as the Alpharetta community acquired in June 2025. Two additional draws of $7.5 million each will become available subject to achieving certain debt yields and debt service coverages ratios. The 2025 Ally Term Loan has a 36-monthmaturity date and a variable interest rate of one-monthSOFR plus a 2.65% margin (subject to a performance-based stepdown to a 2.45% margin). As of June 30, 2025, the Company had $112.9 million outstanding under the existing Ally term loan agreement, which had a maturity date of March 10, 2026, and a one-yearextension option. The Company has the ability to request an increase in the term loan up to $40.0 million to finance additional properties subject to lender due diligence and review.

The foregoing description of the 2025 Ally Term Loan is not complete and is qualified in its entirety by reference to the full text of the 2025 Ally Term Loan, which is filed as Exhibit 10.1 to this Current Report on Form 8-Kand is incorporated herein by reference.

The information in Item 1.01 of this Current Report on Form 8-Kis incorporated herein by reference.