Stephen Kraus - Jun 28, 2021 Form 4 Insider Report for Bright Health Group Inc. (BHG)

Role
Director
Signature
/s/ Stephen Kraus
Stock symbol
BHG
Transactions as of
Jun 28, 2021
Transactions value $
$0
Form type
4
Date filed
6/30/2021, 09:29 PM
Previous filing
Jun 24, 2021
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHG Common Stock Conversion of derivative security 0 0 Jun 28, 2021 See Footnotes F1, F2, F3, F4, F5, F6, F7, F8, F9

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
transaction BHG Series A Preferred Stock Conversion of derivative security $0 0 $0.00* 0 Jun 28, 2021 Common Stock 0 See Footnotes F1, F4, F5, F10
transaction BHG Series B Preferred Stock Conversion of derivative security $0 0 $0.00* 0 Jun 28, 2021 Common Stock 0 See Footnotes F2, F4, F5, F11
transaction BHG Series C Preferred Stock Conversion of derivative security $0 0 $0.00* 0 Jun 28, 2021 Common Stock 0 See Footnotes F2, F4, F5, F12
transaction BHG Series D Preferred Stock Conversion of derivative security $0 0 $0.00* 0 Jun 28, 2021 Common Stock 0 See Footnotes F2, F4, F5, F8, F9, F13
transaction BHG Series E Preferred Stock Conversion of derivative security $0 0 $0.00* 0 Jun 28, 2021 Common Stock 0 See Footnotes F2, F4, F5, F6, F7, F8, F9, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of the Issuer's Series A Preferred Stock automatically converted into Common Stock on a 1:0.67874873 basis immediately prior to the closing of the Issuer's initial public offering and has no expiration date.
F2 Each share of the Issuer's Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock automatically converted into shares of Common Stock on a 1:3 basis immediately prior to the closing of the Issuer's initial public offering and has no expiration date.
F3 As of the date hereof, Bessemer Venture Partners IX L.P. ("Bessemer IX"), Bessemer Venture Partners IX Institutional L.P. ("Bessemer Institutional", and together with Bessemer IX, the "Bessemer IX Funds"), Bessemer Venture Partners Century Fund L.P. ("Bessemer Century"), Bessemer Venture Partners Century Fund Institutional L.P. ("Bessemer Century Institutional", and together with Bessemer Century, the "Bessemer Century Funds") and 15 Angels II LLC ("15 Angels") own 35,891,982 shares of Common Stock, 28,754,955 shares of Common Stock, 2,090,325 shares of Common Stock, 13,189,833 shares of Common Stock and 10,629 shares of Common Stock, respectively.
F4 Deer IX & Co. Ltd. ("Deer IX Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer IX L.P."), which is the general partner of each of the Bessemer IX Funds. Deer IX Ltd. and Deer IX L.P. disclaim beneficial ownership of the securities held by the Bessemer IX Funds, and this report shall not be deemed an admission that Deer IX Ltd. and Deer IX L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the Bessemer IX Funds. The Reporting Person has an indirect, passive economic interest in the shares held by the Bessemer IX Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer IX Funds except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect interest in the Bessemer IX Funds.
F5 (Continued from footnote 4)This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.
F6 Deer VIII & Co. Ltd. ("Deer VIII Ltd.") is the general partner of Deer VIII & Co. L.P. ("Deer VIII L.P."), which is the general partner of Bessemer Venture Partners VIII Institutional L.P. ("Bessemer VIII Institutional"), which is the sole member of 15 Angels. Deer VIII Ltd. and Deer VIII L.P. disclaim beneficial ownership of the securities held by 15 Angels, and this report shall not be deemed an admission that Deer VIII Ltd. and Deer VIII L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect interests in 15 Angels. The Reporting Person has an indirect, passive economic interest in the shares held by the 15 Angels. The Reporting Person disclaims beneficial ownership of the securities held by 15 Angels except to the extent of his pecuniary interest, if any,
F7 (Continued from footnote 6) in such securities by virtue of his indirect interest in 15 Angels. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.
F8 Deer X & Co. Ltd. ("Deer X Ltd.") is the general partner of Deer X & Co. L.P. ("Deer X L.P."), which is the general partner of each of the Bessemer Century Funds. Deer X Ltd. and Deer X L.P. disclaim beneficial ownership of the securities held by the Bessemer Century Funds, and this report shall not be deemed an admission that Deer X Ltd. and Deer X L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the Bessemer Century Funds. Pursuant to a proxy arrangement between Deer X L.P. and Deer IX L.P., Deer IX L.P., its general partner Deer IX Ltd., and the directors of Deer IX Ltd. make voting decisions with respect to the shares of the Issuer held by Bessemer Century and Bessemer Century Institutional. The Reporting Person is a director of "Deer X Ltd" which is the general partner of "Deer X LP",
F9 (Continued from footnote 8) which is the general partner of the Bessemer Century Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer Century Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his interest in Deer X Ltd and Deer X LP. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.
F10 As of the date hereof, Bessemer IX and Bessemer Institutional each own 0 shares of Series A Preferred Stock.
F11 As of the date hereof, Bessemer IX and Bessemer Institutional each own 0 shares of Series B Preferred Stock.
F12 As of the date hereof, Bessemer IX and Bessemer Institutional each own 0 shares of Series C Preferred Stock.
F13 As of the date hereof, Bessemer IX, Bessemer Institutional, Bessemer Century and Bessemer Century Institutional each own 0 shares of Series D Preferred Stock.
F14 As of the date hereof, Bessemer IX, Bessemer Institutional, Bessemer Century, Bessemer Century Institutional and 15 Angels each own 0 shares of Series E Preferred Stock.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney