LABCORP HOLDINGS INC. - 20 Jun 2023 Form 4 Insider Report for Fortrea Holdings Inc. (FTRE)

Role: 10%+ Owner
Signature: /s/ Sandra D. van der Vaart, Executive Vice President, Chief Legal Officer and Corporate Secretary
Issuer symbol: FTRE
Transactions as of: 20 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 21 Jun 2023, 16:42:04 UTC
Previous filing: 09 Jun 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTRE	Common Stock	Other	$0	-100	-100%	$0.000000^*	0	20 Jun 2023	Direct	F1

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

LABCORP HOLDINGS INC. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	In connection with the spin-off of Fortrea Holdings Inc. ("Fortrea") by Laboratory Corporation of America Holdings ("Labcorp"), (a) Fortrea will convert the outstanding shares of Fortrea common stock currently held by Labcorp into 88,765,089 shares of Fortrea common stock and (b) Labcorp will distribute all of the outstanding shares of Fortrea common stock held by Labcorp to Labcorp common stockholders as of the record date, which was the close of business on June 20, 2023 (the "Record Date"). For each share of Labcorp common stock held on the Record Date, Labcorp will distribute one share of Fortrea common stock.

Content

In connection with the spin-off of Fortrea Holdings Inc. ("Fortrea") by Laboratory Corporation of America Holdings ("Labcorp"), (a) Fortrea will convert the outstanding shares of Fortrea common stock currently held by Labcorp into 88,765,089 shares of Fortrea common stock and (b) Labcorp will distribute all of the outstanding shares of Fortrea common stock held by Labcorp to Labcorp common stockholders as of the record date, which was the close of business on June 20, 2023 (the "Record Date"). For each share of Labcorp common stock held on the Record Date, Labcorp will distribute one share of Fortrea common stock.