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

Role: 10%+ Owner
Signature: /s/ Elliot Cooperstone
Issuer symbol: N/A
Transactions as of: 15 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 19 Dec 2023, 16:02:25 UTC
Previous filing: 18 May 2022
Next filing: 26 Dec 2023
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	Conversion of derivative security		+532,603			532,603	15 Dec 2023	See Footnote	F1, F2, F3
holding	CANO	Class A Common Stock						148	15 Dec 2023	Direct	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	Conversion of derivative security	$0	-532,603	-33%	$0.000000	1,065,206	15 Dec 2023	Class A Common Stock	532,603		By ITC Rumba, LLC	F1, F2, F3, F4
transaction	CANO	PCIH Common Units	Conversion of derivative security	$0	-532,603	-33%	$0.000000	1,065,206	15 Dec 2023	Class A Common Stock	532,603		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.