Bradley Bostic - Mar 26, 2024 Form 4 Insider Report for Future Health ESG Corp. (FHLT)

Role
10%+ Owner
Signature
/s/ Travis A. Morgan, as attorney-in-fact for Bradley Bostic
Stock symbol
FHLT
Transactions as of
Mar 26, 2024
Transactions value $
$0
Form type
4
Date filed
4/17/2024, 06:07 AM
Previous filing
Oct 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction FHLT Common stock, par value $0.0001 per share Sale -1.7M -64.89% 922K Mar 26, 2024 See Footnote F1, F2, F3, F4, F5
transaction FHLT Common stock, par value $0.0001 per share Sale -296K -60.4% 194K Mar 26, 2024 See Footnote F1, F2, F3, F6, F7
transaction FHLT Common stock, par value $0.0001 per share Sale -12.2K -60.4% 8K Mar 26, 2024 See Footnote F1, F2, F3, F8, F9
transaction FHLT Common stock, par value $0.0001 per share Sale -68K -60.4% 44.5K Mar 26, 2024 See Footnote F1, F2, F3, F10, F11

Explanation of Responses:

Id Content
F1 On March 26, 2024, pursuant to that certain Purchase and Sponsor Handover Agreement entered into on February 23, 2024 (as amended to date, the "Purchase and Sponsor Handover Agreement") by and among Future Health ESG Corp. (the "Issuer"), Future Health ESG Associates 1, LLC (the "Sponsor") and Blufire Capital Limited (the "New Sponsor"), (a) the Sponsor transferred 1,698,486 shares of common stock, par value $0.0001 per share, of the Issuer ("Common Stock") to the New Sponsor, (b) BEA Holdings, LLC transferred 295,602 shares of Common Stock to the New Sponsor, (c) MB Equity, LLC transferred 12,203 shares of Common Stock to the New Sponsor and (d) hc1 Insights, Inc. (formerly known as hc1.com, Inc.) transferred 67,954 shares of Common Stock to the New Sponsor, each in connection with the transactions contemplated by the Purchase and Sponsor Handover Agreement (together, the "Sponsor Handover"), pursuant to which
F2 (i) the Sponsor and certain insiders and anchor investors of the Issuer transferred and assigned 3,020,202 shares of Common Stock and 3,875,000 warrants to purchase shares of Common Stock in exchange for the New Sponsor assuming certain liabilities in an aggregate amount of approximately $500,000 of the Issuer and the Sponsor, including all ongoing expenses associated with and expected for the consummation of an initial business combination, costs and expenses incurred by the Issuer in the ordinary course of business or in connection with the transactions contemplated by the Purchase and Sponsor Handover Agreement, and $250,000 in cash payable upon the execution of a letter of intent to enter into a business combination by the Issuer with a potential target, and
F3 (ii) the New Sponsor became the sponsor of the Issuer, as more fully described in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 27, 2024. In connection with the Sponsor Handover, the Sponsor also transferred 5,000 founder shares to an advisory and strategic communications firm as payment for certain investor relations and advisory services.
F4 Represents shares of Common Stock transferred by the Sponsor in connection with the Sponsor Handover.
F5 The shares of Common Stock are held directly by the Sponsor, of which the Reporting Person is a manager, and indirectly by b2 Holdings, LLC, of which the Reporting Person is the manager, BEA Holdings, LLC, and three individual retirement accounts in the names of two of the Reporting Person's daughters and the Reporting Person's son, respectively. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The Reporting Person disclaims beneficial ownership of the securities held by the Sponsor other than the reported securities except to the extent of his pecuniary interest therein.
F6 Represents shares of Common Stock transferred by BEA Holdings, LLC in connection with the Sponsor Handover.
F7 The shares of Common Stock are held directly by BEA Holdings, LLC, of which the Reporting Person is the sole manager. The Reporting Person disclaims beneficial ownership of the securities held by BEA Holdings, LLC other than the reported securities except to the extent of his pecuniary interest therein.
F8 Represents shares of Common Stock transferred by MB Equity, LLC in connection with the Sponsor Handover.
F9 The shares of Common Stock are held directly by MB Equity, LLC, of which the Reporting Person is a manager. The Reporting Person disclaims beneficial ownership of the securities held by MB Equity, LLC other than the reported securities except to the extent of his pecuniary interest therein.
F10 Represents shares of Common Stock transferred by hc1 Insights, Inc. (formerly known as hc1.com, Inc.) in connection with the Sponsor Handover.
F11 The shares of Common Stock are held directly by hc1 Insights, Inc. (formerly known as hc1.com, Inc.), of which the Reporting Person [is a manager]. The Reporting Person disclaims beneficial ownership of the securities held by MB Equity, LLC other than the reported securities except to the extent of his pecuniary interest therein.