Lewis Gold - Feb 7, 2022 Form 4 Insider Report for Cano Health, Inc. (CANO)

Role
Director
Signature
/s/ David J. Armstrong, Attorney-in-Fact
Stock symbol
CANO
Transactions as of
Feb 7, 2022
Transactions value $
$0
Form type
4
Date filed
2/9/2022, 03:05 PM
Previous filing
Feb 1, 2022
Next filing
Mar 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CANO Class A Common Stock Conversion of derivative security $0 +159K $0.00 159K Feb 7, 2022 By EG Advisors, LLC F2, F4
transaction CANO Class A Common Stock Conversion of derivative security $0 +1.22M $0.00 1.22M Feb 7, 2022 By EGGE, LLC F3, F4
holding CANO Class A Common Stock 14.8K Feb 7, 2022 Direct

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 Conversion of derivative security -159K -50% 159K Feb 7, 2022 Class A Common Stock 159K By EG Advisors, LLC F1, F2, F4
transaction CANO PCIH Common Units Conversion of derivative security -159K -50% 159K Feb 7, 2022 Class A Common Stock 159K By EG Advisors, LLC F1, F2, F4
transaction CANO Class B Common Stock Conversion of derivative security -1.22M -50% 1.22M Feb 7, 2022 Class A Common Stock 1.22M By EGGE, LLC F1, F3, F4
transaction CANO PCIH Common Units Conversion of derivative security -1.22M -50% 1.22M Feb 7, 2022 Class A Common Stock 1.22M By EGGE, LLC F1, F3, F4
* 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 shares of Class A Common Stock, par value $0.0001 per share, on a one-for-one basis pursuant to the Second Amended And Restated Limited Liability Company Agreement of Primary Care (ITC) Intermediate Holdings, LLC (the "LLC Agreement"). The PCIH Common Units have no expiration date.
F2 These securities are owned directly by EG Advisors, LLC and indirectly by the Reporting Person.
F3 These securities are owned directly by EGGE, LLC and indirectly by the Reporting Person.
F4 Reflects an exchange of PCIH Common Units together with the surrender and cancellation of the same number of shares of Class B Common Stock for an equal number of shares of Class A Common Stock, pursuant to the LLC Agreement. Transactions are exempt from Section 16(b) in reliance on Rule 16b-6(b).