Lewis Gold - Mar 17, 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
Mar 17, 2022
Transactions value $
$2,043,000
Form type
4
Date filed
3/21/2022, 05:46 PM
Previous filing
Feb 9, 2022
Next filing
May 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CANO Class A Common Stock Purchase $2.04M +300K +2023.61% $6.81* 315K Mar 17, 2022 Direct F1
transaction CANO Class A Common Stock Conversion of derivative security $0 +10K +0.82% $0.00 1.23M Mar 21, 2022 By EGGE, LLC F2, F3
holding CANO Class A Common Stock 159K Mar 17, 2022 By EG Advisors, LLC F4

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 -10K -0.8% 1.23M Mar 21, 2022 Class A Common Stock 10K By EGGE, LLC F2, F3, F5
transaction CANO PCIH Common Units Conversion of derivative security -10K -0.8% 1.23M Mar 21, 2022 Class A Common Stock 10K By EGGE, LLC F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.595 to $6.95, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges.
F2 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).
F3 These securities are owned directly by EGGE, LLC and indirectly by the Reporting Person.
F4 These securities are owned directly by EG Advisors, LLC and indirectly by the Reporting Person.
F5 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.