Marlow Hernandez - Sep 8, 2021 Form 4 Insider Report for Cano Health, Inc. (CANO)

Role
CEO and President, Director
Signature
/s/ David Armstrong, Attorney-in-Fact
Stock symbol
CANO
Transactions as of
Sep 8, 2021
Transactions value $
$1,505,000
Form type
4
Date filed
9/8/2021, 04:55 PM
Previous filing
Sep 2, 2021
Next filing
Sep 24, 2021

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 CANO Class B Common Stock Purchase $753K +70K $10.75* 70K Sep 4, 2021 Class A Common Stock 70K Direct F1, F2
transaction CANO PCIH Common Units Purchase $753K +70K $10.75* 70K Sep 4, 2021 Class A Common Stock 70K Direct 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 ("Class B Common Stock"), are exchangeable for either cash or shares of Class A Common Stock on a one-for-one basis. The PCIH Common Units have no expiration date.
F2 These securities were purchased from existing stockholders of the Issuer in private transactions. The combined price per each one share of Class B Common Stock and one PCIH Common Unit was negotiated on an arm's-length basis and determined based on the opening price of Cano's Class A Common Stock on August 16, 2021.