Angel L. Morales - Jun 3, 2021 Form 3 Insider Report for Cano Health, Inc. (CANO)

Role: Director
Signature: /s/ David J. Armstrong, Attorney-in-Fact
Stock symbol: CANO
Transactions as of: Jun 3, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/23/2021, 03:06 PM
Next filing: Feb 1, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CANO	Class B Common Stock							Jun 3, 2021	Class A Common Stock	6.97M	$0.00	By Angel Morales 2012 Irrevocable Trust	F1, F2
holding	CANO	PCIH Common Units							Jun 3, 2021	Class A Common Stock	6.97M	$0.00	By Angel Morales 2012 Irrevocable Trust	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Common limited liability company units of Primary Care (ITC) Intermediate Holdings, LLC ("PCIH Common Units"), together with an equal number of shares of the Issuer's Class B Common Stock, par value $0.0001 per share, are exchangeable for either cash or shares of the Issuer's Class A Common Stock, par value $0.0001 per share, on a one-for-one basis from and after the one-year anniversary of the closing of the transactions contemplated by the Business Combination Agreement, dated as of November 11, 2020, by and among Jaws Acquisition Corp., Jaws Merger Sub, LLC, Primary Care (ITC) Intermediate Holdings, LLC ("PCIH") and PCIH's sole member, Primary Care (ITC) Holdings, LLC, subject to earlier termination upon the occurrence of certain events. The PCIH Common Units have no expiration date.
F2	These securities are owned directly by the Angel Morales 2012 Irrevocable Trust. The Reporting Person's spouse and mother are co-trustees of such trust, have shared voting and dispositive power with respect to the securities and therefore are the beneficial owners of the securities. The Reporting Person expressly disclaims beneficial ownership of the securities, except to the extent of his pecuniary interest therein.

Content

Common limited liability company units of Primary Care (ITC) Intermediate Holdings, LLC ("PCIH Common Units"), together with an equal number of shares of the Issuer's Class B Common Stock, par value $0.0001 per share, are exchangeable for either cash or shares of the Issuer's Class A Common Stock, par value $0.0001 per share, on a one-for-one basis from and after the one-year anniversary of the closing of the transactions contemplated by the Business Combination Agreement, dated as of November 11, 2020, by and among Jaws Acquisition Corp., Jaws Merger Sub, LLC, Primary Care (ITC) Intermediate Holdings, LLC ("PCIH") and PCIH's sole member, Primary Care (ITC) Holdings, LLC, subject to earlier termination upon the occurrence of certain events. The PCIH Common Units have no expiration date.

These securities are owned directly by the Angel Morales 2012 Irrevocable Trust. The Reporting Person's spouse and mother are co-trustees of such trust, have shared voting and dispositive power with respect to the securities and therefore are the beneficial owners of the securities. The Reporting Person expressly disclaims beneficial ownership of the securities, except to the extent of his pecuniary interest therein.

Remarks:

Exhibit 24 - Power of Attorney