Elizabeth Quadros Betten - Nov 10, 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: Nov 10, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/15/2021, 06:23 PM
Previous filing: Sep 10, 2021
Next filing: Dec 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OPCH	Common Stock, par value $0.0001	Other	$0	-618K	-1.63%	$0.00	37.2M	Nov 10, 2021	See footnotes	F1, F2, F3, F4
holding	OPCH	Common Stock, par value $0.0001						47.5K	Nov 10, 2021	Direct	F5
holding	OPCH	Common Stock, par value $0.0001						2.84K	Nov 10, 2021	See footnote	F6

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

Explanation of Responses:

Id	Content
F1	On November 10, 2021, Madison Dearborn Partners VI-A&C, L.P. ("MDP VI-A&C") distributed 618,299 shares of common stock for no consideration to its partners and their direct and indirect transferees (the "Distribution").
F2	Consists of 37,247,092 shares of common stock held by HC Group Holdings I, LLC ("HC I").
F3	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. 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. Ms. Betten and Timothy P. 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.
F4	(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.
F5	Ms. Betten disclaims beneficial ownership of the reported securities except to the extent of her pecuniary interest therein.
F6	The reported securities were previously reported by Ms. Betten as indirectly held through MDP VI-A&C, and, after giving effect to the Distribution, are held directly by the Elizabeth Q. Betten 2012 Living Trust.