Josh Parnes - 24 Oct 2024 Form 4 Insider Report for AdaptHealth Corp. (AHCO)

Role
Director
Signature
/s/ Jonathan Bush, as attorney-in-fact for Josh Parnes
Issuer symbol
AHCO
Transactions as of
24 Oct 2024
Net transactions value
$0
Form type
4
Filing time
28 Oct 2024, 20:46:44 UTC
Previous filing
07 Feb 2024
SEC
View on sec.gov

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) Disposed to Issuer $0 -833,334 -100% $0.000000 0 24 Oct 2024 Common Stock 833,334 $11.50 Direct F1, F2
transaction AHCO Employee Stock Option (right to buy) Award $0 +833,334 $0.000000 833,334 24 Oct 2024 Common Stock 833,334 $11.50 Direct F2
* 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, which vested in three equal annual installments on each of December 31, 2020, December 31, 2021 and December 31, 2022.
F2 The two reported transactions involved an amendment of an outstanding option to extend the post-termination exercise period to March 31, 2025, resulting in the deemed cancellation of the "old" option and the grant of a replacement option.

Remarks:

On October 24, 2024, the Board of Directors approved to extend the expiration date of the options granted on December 19, 2019. The extension is for 122 days from November 29, 2024 to March 31, 2025. Exhibit 24 - Power of Attorney