Elliot Cooperstone - Dec 15, 2023 Form 4 Insider Report for Cano Health, Inc. (CANO)

Role
10%+ Owner
Signature
/s/ Elliot Cooperstone
Stock symbol
CANO
Transactions as of
Dec 15, 2023
Transactions value $
$0
Form type
4
Date filed
12/19/2023, 04:02 PM
Previous filing
May 18, 2022
Next filing
Dec 26, 2023

Transactions Table

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 $0 -533K -33.33% $0.00 1.07M Dec 15, 2023 Class A Common Stock 533K By ITC Rumba, LLC F1, F2, F3, F4
transaction CANO PCIH Common Units Conversion of derivative security $0 -533K -33.33% $0.00 1.07M Dec 15, 2023 Class A Common Stock 533K By ITC Rumba, LLC F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the Issuer's 1-for-100 reverse stock split effective as of November 3, 2023.
F2 Reflects the Reporting Person's exchange of Primary Care (ITC) Intermediate Holdings, LLC ("PCIH Common Units"), together with the surrender and cancellation of the same number of shares of the Issuer's Class B common stock, par value $0.01 per share ("Class B Common Stock"), for an equal number of shares of the Issuer's Class A common stock, par value $0.01 per share ("Class A Common Stock"), pursuant to the Second Amended and Restated Limited Liability Company Agreement of Primary Care (ITC) Intermediate Holdings, LLC (the "LLC Agreement").
F3 These securities are owned directly by ITC Rumba, LLC ("ITC Rumba"), a ten percent owner of the Issuer. Elliot Cooperstone is the Founder and Managing Partner of ITC Rumba, LLC and therefore may be deemed the beneficial owner of these securities.
F4 PCIH Common Units, together with an equal number of shares of the Class B Common Stock, are exchangeable for shares of Class A Common Stock on a one-for-one basis pursuant to the LLC Agreement. The PCIH Common Units have no expiration date.