Section 32 Fund 2, LP - Sep 28, 2021 Form 4 Insider Report for Cue Health Inc. (HLTH)

Role
10%+ Owner
Signature
/s/ Nina Labatt, officer of Section 32 GP 2, L.L.C. on behalf of Section 32 Fund 2, L.P.
Stock symbol
HLTH
Transactions as of
Sep 28, 2021
Transactions value $
$0
Form type
4
Date filed
9/30/2021, 04:44 PM
Previous filing
Sep 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLTH Common Stock Conversion of derivative security +3.49M 3.49M Sep 28, 2021 Direct F1, F2

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 -3.49M -100% 0 Sep 28, 2021 Common Stock 3.49M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Section 32 Fund 2, LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 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.
F2 The reported securities are held of record by Section 32 Fund 2, LP ("Fund 2"). Section 32 GP 2, LLC (the "GP"), the general partner of Fund 2, and William J. Maris, the managing member of the GP, may be deemed to share voting and dispositive power over the shares held by Fund 2. Such person and entity disclaim beneficial ownership of shares held by Fund 2 except to the extent of any pecuniary interest therein.