Three Prong Investments, LLC - 15 Jan 2023 Form 3 Insider Report for NEXTGEN HEALTHCARE, INC.

Role
10%+ Owner
Signature
Three Prong Investments, LLC, By: /s/ David Razin, Manager
Issuer symbol
N/A
Transactions as of
15 Jan 2023
Net transactions value
$0
Form type
3
Filing time
16 Jun 2023, 17:25:21 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NXGN Common Stock 9,889,827 15 Jan 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person is controlled by a three-member board of managers composed of Janet Razin, David Razin and Mark Razin. The approval of a majority of the managers is required to approve an action of the Reporting Person. Under the reporting principle known as the "rule of three," if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and a voting or dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. This is the situation with regard to the Reporting Person. Based upon the foregoing analysis, no individual manager of the Reporting Person exercises voting or dispositive control over any of the securities held by the Reporting Person, even those in which such manager holds a pecuniary interest. Accordingly, none of them will be deemed to have or share beneficial ownership of such securities.

Remarks:

The securities of the Issuer reported herein were previously beneficially owned by Sheldon Razin until his death on January 15, 2023. Following Mr. Razin's death, the Reporting Person became the beneficial owner of the securities of the Issuer disclosed herein.