Elliot Cooperstone - Jan 10, 2024 Form 4 Insider Report for Cano Health, Inc. (CANO)

Role: 10%+ Owner
Signature: /s/ Elliot Cooperstone
Stock symbol: CANO
Transactions as of: Jan 10, 2024
Transactions value $: -$262,960
Form type: 4
Date filed: 1/12/2024, 05:52 PM
Previous filing: Jan 9, 2024
Next filing: Jan 19, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CANO	Class A Common Stock	Sale	-$93.3K	-25K	-33.71%	$3.73	49.2K	Jan 10, 2024	See Footnote	F1, F2
transaction	CANO	Class A Common Stock	Sale	-$89.8K	-25K	-50.84%	$3.59	24.2K	Jan 11, 2024	See Footnote	F2, F3
transaction	CANO	Class A Common Stock	Sale	-$79.9K	-24.2K	-100%	$3.30	0	Jan 12, 2024	See Footnote	F2, F4
transaction	CANO	Class A Common Stock	Conversion of derivative security		+1.07M			1.07M	Jan 12, 2024	See Footnote	F2, F5
holding	CANO	Class A Common Stock						148	Jan 10, 2024	Direct

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	-1.07M	-100%	$0.00^*	0	Jan 12, 2024	Class A Common Stock	1.07M		By ITC Rumba, LLC	F2, F5, F6
transaction	CANO	PCIH Common Units	Conversion of derivative security	$0	-1.07M	-50%	$0.00	1.07M	Jan 12, 2024	Class A Common Stock	1.07M		By ITC Rumba, LLC	F2, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.52 to $3.86. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 3 and 4 to this Form 4.
F2	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 and therefore may be deemed the beneficial owner of these securities.
F3	The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.52 to $3.85.
F4	The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.20 to $3.59.
F5	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").
F6	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.