New Enterprise Associates 15, L.P. - 28 Jun 2021 Form 4 Insider Report for Bright Health Group Inc. (NEUE)

Role
10%+ Owner
Signature
/s/ Sasha Keough, attorney-in-fact
Issuer symbol
NEUE
Transactions as of
28 Jun 2021
Net transactions value
$0
Form type
4
Filing time
30 Jun 2021, 21:26:45 UTC
Previous filing
24 Jun 2021
Next filing
30 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHG Common Stock Conversion of derivative security +10,601,925 +23% 57,461,346 28 Jun 2021 Direct F1, F2
transaction BHG Common Stock Conversion of derivative security +26,703,498 +46% 84,164,844 28 Jun 2021 Direct F2, F3
transaction BHG Common Stock Conversion of derivative security +19,549,068 +23% 103,713,912 28 Jun 2021 Direct F2, F3
transaction BHG Common Stock Conversion of derivative security +3,327,852 +3.2% 107,041,764 28 Jun 2021 Direct F2, F3

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 BHG Series A Preferred Conversion of derivative security $0 -15,619,807 -100% $0.000000* 0 28 Jun 2021 Common Stock 10,601,925 Direct F1, F2
transaction BHG Series B Preferred Conversion of derivative security $0 -8,901,166 -100% $0.000000* 0 28 Jun 2021 Common Stock 26,703,498 Direct F2, F3
transaction BHG Series C Preferred Conversion of derivative security $0 -6,516,356 -100% $0.000000* 0 28 Jun 2021 Common Stock 19,549,068 Direct F2, F3
transaction BHG Series D Preferred Stock Conversion of derivative security $0 -1,109,284 -100% $0.000000* 0 28 Jun 2021 Common Stock 3,327,852 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of the Issuer's Series A Preferred Stock converted into shares of the Issuer's common stock ("Common Stock") on a 1:0.67874873 basis immediately prior to the closing of the Issuer's initial public offering. These preferred shares had no expiration date.
F2 The securities are directly held by New Enterprise Associates 15, L.P. ("NEA 15") and are indirectly held by NEA Partners 15, L.P. ("NEA Partners 15"), the sole general partner of NEA 15, NEA 15 GP, LLC ("NEA 15 GP"), the sole general partner of NEA Partners 15, and the individual managers of NEA 15 GP (NEA Partners 15, NEA 15 GP and the individual managers of NEA 15 GP (collectively, the "Managers"), together, the "Indirect Reporting Persons"). The Managers of NEA 15 GP are Forest Baskett, Anthony A. Florence, Jr., Mohamad Makhzoumi, Josh Makower, Scott D. Sandell and Peter W. Sonsini. The Indirect Reporting Persons disclaim beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 15 in which the Indirect Reporting Persons have no pecuniary interest.
F3 Each share of the Issuer's Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock converted into shares of Common Stock on a 1:3 basis immediately prior to the closing of the Issuer's initial public offering. These preferred shares had no expiration date.