Adair Newhall - 28 Jun 2021 Form 4 Insider Report for Bright Health Group Inc. (NEUE)

Role
Director
Signature
/s/ Eric Halverson for Adair Newhall, Attorney-in-Fact
Issuer symbol
NEUE
Transactions as of
28 Jun 2021
Net transactions value
$0
Form type
4
Filing time
30 Jun 2021, 21:24:30 UTC
Previous filing
24 Jun 2021
Next filing
25 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHG Common Stock Conversion of derivative security +129,786 129,786 28 Jun 2021 See Footnotes F1, F2, F4
transaction BHG Common Stock Conversion of derivative security +14,031 +11% 143,817 28 Jun 2021 See Footnotes F1, F2, F4
transaction BHG Common Stock Conversion of derivative security +80,811 80,811 28 Jun 2021 See Footnotes F1, F3, F4

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 BHG Series D Preferred Stock Conversion of derivative security $0 -43,262 -100% $0.000000* 0 28 Jun 2021 Common Stock 129,786 See Footnotes F1, F2, F4
transaction BHG Series E Preferred Stock Conversion of derivative security $0 -4,677 -100% $0.000000* 0 28 Jun 2021 Common Stock 14,031 See Footnotes F1, F2, F4
transaction BHG Series E Preferred Stock Conversion of derivative security $0 -26,937 -100% $0.000000* 0 28 Jun 2021 Common Stock 80,811 See Footnotes F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of the Issuer's Series D Preferred Stock and Series E Preferred Stock converted into shares of Common Stock on a 1:3 basis immediately prior to the closing of the Issuer's initial public offering. These preferred shares had no expiration date.
F2 Held directly by Greenspring SPV VII, L.P.
F3 Held directly by Greenspring SPV VII-E, L.P. (together with Greenspring SPV VII, L.P., the "Funds").
F4 The Reporting Person is a Partner of Greenspring Associates, LLC, which is the investment manager of the Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Funds, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.

Remarks:

This Form 4 includes securities reported on the Form 3 filed on June 24, 2021 by the Reporting Person in connection with the Issuer's initial public offering, and reported transactions effected prior to the Issuer's initial public offering reflect post-stock split numbers.