Avi S. Katz - Aug 31, 2021 Form 4 Insider Report for UpHealth, Inc. (UPH)

Role
Director
Signature
/s/ Dr. Avi S. Katz
Stock symbol
UPH
Transactions as of
Aug 31, 2021
Transactions value $
$4,021
Form type
4
Date filed
9/2/2021, 09:55 PM
Previous filing
Sep 2, 2021
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UPH Common Stock Award $4.02K +800 +1.19% $5.03 68.1K Aug 31, 2021 Direct F1, F2
holding UPH Common Stock 67.3K Aug 31, 2021 Direct F1
holding UPH Common Stock 4.52M Aug 31, 2021 By GigAcquisitions2, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes an aggregate of 67,327 Restricted Stock Units ("RSUs") issued by UpHealth, Inc. (the "Company") of which subject to the Reporting Person's continued service to the Company, 1/3 of the RSUs shall vest on May 1, 2022, and the remaining 2/3 of the RSUs shall vest quarterly on each of August 1, November 1, February 1, and May 1 through May 1, 2024; all RSUs shall immediately vest in the event of a Change of Control (as defined in the UpHealth, Inc. 2021 Equity Incentive Plan) of the Company.
F2 The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $4.988 to $5.05, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, 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 any footnotes to this Form 4.
F3 The Common Stock is held directly by GigAcquisitions2, LLC (the "Sponsor"). The Common Stock, Private Warrants, and Private Rights held by the Sponsor are beneficially owned by Dr. Avi S. Katz, Co-Executive Chairman of the Board of Directors of the Company. Dr. Katz is also the Manager of the Sponsor, who has sole voting and dispositive power over the shares held by the Sponsor.