Christopher K. Achar - Sep 24, 2021 Form 4 Insider Report for Cue Health Inc. (HLTH)

Role: Director
Signature: /s/ Erica Palsis, Attorney-in-Fact for Chris Achar
Stock symbol: HLTH
Transactions as of: Sep 24, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/28/2021, 05:17 PM
Previous filing: Sep 23, 2021
Next filing: Apr 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLTH	Common Stock	Award	$0	+1.39M		$0.00	1.39M	Sep 24, 2021	Direct	F1, F2
transaction	HLTH	Common Stock	Conversion of derivative security		+69.7K	+5.02%		1.46M	Sep 28, 2021	Direct	F2, F3
holding	HLTH	Common Stock						1.52M	Sep 24, 2021	See Footnote	F4

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	HLTH	Series B Preferred Stock	Conversion of derivative security		-69.7K	-100%		0	Sep 28, 2021	Common Stock	69.7K		Direct	F3

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

Explanation of Responses:

Id	Content
F1	Grant of restricted stock units ("RSUs") under the Issuer's 2021 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Subject to the reporting person's continued service with the Issuer, the RSUs will vest as to 25% of the initial grant on each anniversary of the grant date until the grant is fully vested on the fourth anniversary of the grant date.
F2	Includes 1,388,246 unvested RSUs.
F3	On September 28, 2021, the Series B Preferred Stock automatically converted into Common Stock on a one-to-one basis without payment of further consideration upon the closing of the initial public offering of the Issuer's common stock. The shares had no expiration date.
F4	The securities are directly held by Hlth Wrk LLC. Chris Achar is the sole manager of Hlth Wrk LLC and may be deemed to have voting and investment power with respect to the shares held by Hlth Wrk LLC and as a result may be deemed to have beneficial ownership of such shares.