Josh Parnes - Aug 4, 2021 Form 4 Insider Report for AdaptHealth Corp. (AHCO)

Role
President, Director
Signature
/s/Chris Joyce, as attorney-in-fact for Josh Parnes***
Stock symbol
AHCO
Transactions as of
Aug 4, 2021
Transactions value $
$4,791,659
Form type
4
Date filed
8/6/2021, 05:08 PM
Next filing
Oct 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AHCO Common Stock Options Exercise $4.79M +417K +199.81% $11.50 625K Aug 4, 2021 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 AHCO Employee Stock Option (right to buy) Options Exercise $0 -417K -33.33% $0.00 833K Aug 4, 2021 Common Stock 417K $11.50 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 19, 2019, the reporting person was granted an option to purchase 1,250,000 shares of Common Stock of the issuer, subject to the issuer's satisfaction of certain performance criteria for the fiscal year ended December 31, 2020. As described in the reporting person's Form 4/A filed with the Securities and Exchange Commission on February 12, 2021, the performance criteria for 2020 were met, resulting in the vesting of the option as to 1,250,000 shares in three equal annual installments on each of December 31, 2020, December 31, 2021 and December 31, 2022.

Remarks:

*** The Power of Attorney given by the reporting person was previously filed with the U.S. Securities and Exchange Commission on November 13, 2019 as an exhibit to the Form 3 filed by the reporting person with respect to the Issuer and is hereby incorporated by reference.