Marlow Hernandez - May 26, 2022 Form 4/A - Amendment Insider Report for Cano Health, Inc. (CANO)

Role: CEO, Director
Signature: /s/ David J. Armstrong, Attorney-in-Fact
Stock symbol: CANO
Transactions as of: May 26, 2022
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 12/29/2022, 05:09 PM
Date Of Original Report: May 31, 2022
Previous filing: Mar 17, 2022
Next filing: Jul 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CANO	Class A Common Stock	Other	$0	-11M	-100%	$0.00^*	0	Dec 27, 2022	See Footnote	F1

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	Other		+11M	+100%		22M	Dec 27, 2022	Class A Common Stock	11M		See Footnote	F1, F2, F3
transaction	CANO	PCIH Common Units	Other		+11M	+100%		22M	Dec 27, 2022	Class A Common Stock	11M		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	On May 26, 2022, Hernandez Borrower Holdings, LLC exchanged (the "Exchange") 11,017,311 common limited liability company units of Primary Care (ITC) Intermediate Holdings, LLC ("PCIH Common Units") and 11,017,311 shares of Class B common stock, par value $0.0001 per share, of Cano Health, Inc. ("Class B Common Stock") for 11,017,311 shares of Class A common stock, par value $0.0001 per share, of Cano Health, Inc. ("Class A Common Stock"). On December 27, 2022, Cano Health, Inc., Primary Care (ITC) Intermediate Holdings, LLC and Marlow Hernandez entered into a Rescission Agreement pursuant to which the Exchange was rescinded ab initio and the 11,017,311 shares of Class A Common Stock that were issued in connection with such Exchange were cancelled and deemed null and void and Hernandez Borrower Holdings, LLC received 11,017,311 PCIH Common Units and 11,017,311 shares of Class B Common Stock.
F2	PCIH Common Units together with an equal number of shares of Class B Common Stock are exchangeable for shares of Class A Common Stock 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 PCIH Common Units have no expiration date.
F3	These securities are owned directly by Hernandez Borrower Holdings LLC. Dr. Hernandez has sole voting and dispositive power with respect to all of these securities and therefore is a beneficial owner of these securities.