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		+3,485,535			3,485,535	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		-3,485,535	-100%		0	Sep 28, 2021	Common Stock	3,485,535		Direct	F1, F2

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.

Content

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.

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.