John E. Gallagher - Sep 28, 2021 Form 4 Insider Report for Cue Health Inc. (HLTH)

Role: Chief Financial Officer
Signature: /s/ Erica Palsis, Attorney-in-Fact for John Gallagher
Stock symbol: HLTH
Transactions as of: Sep 28, 2021
Transactions value $: -$1,236,641
Form type: 4
Date filed: 9/30/2021, 04:32 PM
Previous filing: Sep 23, 2021
Next filing: Dec 30, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HLTH	Common Stock	Tax liability	-$1.24M	-66.4K	-12.08%	$18.63^*	483K	Sep 28, 2021	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Reflects shares of common stock withheld by the Issuer in order to satisfy tax withholding obligations upon the acceleration of vesting of restricted stock units of the Reporting Person, which RSUs vested as to 25% of the shares upon the closing of the Issuer's initial public offering on September 28, 2021 (the "Closing Date"). The shares of common stock received upon vesting of the RSUs are subject to a lockup agreement entered into by the Reporting Person in connection with the Issuer's initial public offering.
F2	Includes 412,125 unvested RSUs. Such RSUs will vest in equal quarterly installments over the three years following the Closing Date, subject to the reporting person's continued service with the Issuer.

Content

Reflects shares of common stock withheld by the Issuer in order to satisfy tax withholding obligations upon the acceleration of vesting of restricted stock units of the Reporting Person, which RSUs vested as to 25% of the shares upon the closing of the Issuer's initial public offering on September 28, 2021 (the "Closing Date"). The shares of common stock received upon vesting of the RSUs are subject to a lockup agreement entered into by the Reporting Person in connection with the Issuer's initial public offering.

Includes 412,125 unvested RSUs. Such RSUs will vest in equal quarterly installments over the three years following the Closing Date, subject to the reporting person's continued service with the Issuer.