John L. MacCarthy - Sep 16, 2021 Form 4 Insider Report for Healthwell Acquisition Corp. I (HWEL)

Role
Director, 10%+ Owner
Signature
/s/ Emily Semon as attorney-in-fact
Stock symbol
HWEL
Transactions as of
Sep 16, 2021
Transactions value $
$0
Form type
4
Date filed
9/20/2021, 05:50 PM
Previous filing
Sep 20, 2021
Next filing
Apr 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
transaction HWEL Class B common stock Other -938K -13.04% 6.25M Sep 16, 2021 Class A common stock 938K See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B common stock will automatically convert into shares of Class A common stock on the first business day following the consummation of the Issuer's initial business combination, on a one-for-one basis, subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-253418) (the "Registration Statement") and have no expiration date.
F2 937,500 shares were forfeited to the Issuer at no cost in connection with the expiration of the underwriters' over-allotment option, as described in the Registration Statement.
F3 As Co-Manager of the Sponsor, the Reporting Person may be deemed to have indirect beneficial ownership of the Issuer's Class B common stock held by the Sponsor. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein.