Bryan Cho - Jul 13, 2021 Form 4 Insider Report for CareMax, Inc. (CMAX)

Role
Director
Signature
By: /s/ Joseph N. De Vera, Esq., as attorney-in-fact for Bryan Cho
Stock symbol
CMAX
Transactions as of
Jul 13, 2021
Transactions value $
$5,000,000
Form type
4
Date filed
7/15/2021, 07:10 PM
Next filing
Nov 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMAX Class A Common Stock, par value $0.0001 per share Award $5M +500K $10.00 500K Jul 13, 2021 See footnote 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 CMAX Series A Warrant Award +2M 2M Jul 13, 2021 Class A Common Stock 2M $11.50 See footnote F1, F4
transaction CMAX Series B Warrant Award +6M 6M Jul 13, 2021 Class A Common Stock 6M $11.50 See footnote F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities reported herein are held by Related CM Advisor, LLC and/or one or more of its affiliates. Bryan Cho (the "Reporting Person") expressly disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein through his indirect interest in Related CM Advisor, LLC or such affiliates, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for the purposes of Section 16 of the Exchange Act of 1934, or for any other purpose.
F2 The Series B Warrants are unvested; they will vest (and become exercisable) in 500,000 share increments upon opening each facility for which Related CM Advisor, LLC provides services under the Real Estate Advisory Agreement with CareMax, Inc. entered into on 7/13/2021.
F3 The Series B Warrants expire on the later to occur of (x) 7/13/2026 and (y) the first anniversary of vesting.
F4 The Series A Warrants and Series B Warrants were issued for real estate advisory services under the Real Estate Advisory Agreement with CareMax, Inc. entered into on 7/13/2021.