Timothy P. Sullivan - May 26, 2021 Form 4 Insider Report for Option Care Health, Inc. (OPCH)

Role: Director, 10%+ Owner
Signature: / s/ Annie Terry, by power of attorney
Stock symbol: OPCH
Transactions as of: May 26, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/28/2021, 04:09 PM
Next filing: Jun 14, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPCH	Common Stock, par value $0.0001	Award	$0	+14.6K	+44.54%	$0.00	47.2K	May 26, 2021	Direct	F1, F2
holding	OPCH	Common Stock, par value $0.0001						85M	May 26, 2021	See footnotes	F3, F4, F5

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

Explanation of Responses:

Id	Content
F1	The reporting person received an award of restricted stock units on May 26, 2021. The number of restricted stock units granted was calculated to reflect $257,500 of value based on the closing price of the issuer's common stock on May 19, 2021, the date of the annual meeting at which directors were elected.
F2	Timothy P. Sullivan disclaims beneficial ownership of the shares of Common Stock except to the extent of his pecuniary interest therein.
F3	Consists of 85,015,391 shares of common stock held by HC Group Holdings I, LLC ("HC I").
F4	MDP HC Holdings, LLC ("MDP HC") is the controlling equityholder of HC I. Madison Dearborn Capital Partners VI-A, L.P. ("MDCP VI-A") is a controlling equityholder and Manager of MDP HC. Madison Dearborn Partners VI-A&C, L.P. ("MDP VI-A&C") is the general partner of MDCP VI-A. Madison Dearborn Partners, LLC ("MDP LLC") is the general partner of MDP VI-A&C. Elizabeth Q. Betten and Mr. Sullivan are Managing Directors of MDP LLC, limited partners of MDP VI-A&C, serve on the board of managers of HC I and serve on the board of directors of Option Care Health, Inc. Paul J. Finnegan and Samuel M. Mencoff are the sole members of a limited partner committee that (by majority vote) controls investment decisions of shares held directly by MDCP VI-A, and may be deemed to control the disposition of shares of Common Stock held directly by HC I.
F5	(Continued from Footnote 4) By virtue of the relationships described in this footnote, Ms. Betten and Messrs. Sullivan, Finnegan and Mencoff may be deemed to exercise voting and dispositive power with respect to the shares of Common Stock held by HC I. Each of Mr. Finnegan, Mr. Mencoff, Mr. Sullivan, Ms. Betten, MDP LLC, MDP VI-A&C, MDCP VI-A and MDP HC disclaims beneficial ownership of the shares of Common Stock owned by HC I except to the extent of its pecuniary interest therein.