Barry S. Sternlicht - 16 May 2022 Form 4 Insider Report for Cano Health, Inc.

Role
Director, 10%+ Owner
Signature
/s/ Michael Racich, Attorney-in-Fact for Barry S. Sternlicht
Issuer symbol
N/A
Transactions as of
16 May 2022
Net transactions value
$0
Form type
4
Filing time
18 May 2022, 21:25:36 UTC
Previous filing
25 Apr 2022
Next filing
18 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CANO Class A Common Stock Award +48,077 +0.38% 12,854,233 16 May 2022 Direct F1, F2
holding CANO Class A Common Stock 4,829,829 16 May 2022 By JAWS Equity Owner 146, L.L.C. F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent restricted stock units ("RSUs") granted under the Cano Health, Inc. 2021 Stock Option and Incentive Plan. Each unit represents a right to receive one share of the Issuer's Class A Common Stock. The RSUs vest on the earliest of (i) May 16, 2023 or (ii) the Issuer's next annual meeting of stockholders, in each case so long as the reporting person remains in service as a member of the board on such date.
F2 The reported securities corrects an overstatement in the prior Form 4s filed by the reporting person on July 23, 2021 and February 1, 2022, respectively, which did not give effect to JAWS Sponsor LLC's July 21, 2021 distribution and the resulting decrease in the reporting person's ownership.
F3 The reported securities are held by JAWS Equity Owner 146, L.L.C. ("Equity Owner"). The reporting person controls Equity Owner and is therefore deemed to be the beneficial owner of such securities, provided that, the reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.