FOREST BASKETT - 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
+$34,999,992
Form type
4
Filing time
30 Jun 2021, 21:28:03 UTC
Previous filing
24 Jun 2021
Next filing
29 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 See Note 2 F1, F2
transaction BHG Common Stock Conversion of derivative security +26,703,498 +46% 84,164,844 28 Jun 2021 See Note 2 F2, F3
transaction BHG Common Stock Conversion of derivative security +19,549,068 +23% 103,713,912 28 Jun 2021 See Note 2 F2, F3
transaction BHG Common Stock Conversion of derivative security +3,327,852 +3.2% 107,041,764 28 Jun 2021 See Note 2 F2, F3
transaction BHG Common Stock Conversion of derivative security +3,494,244 3,494,244 28 Jun 2021 See Note 4 F3, F4
transaction BHG Common Stock Conversion of derivative security +5,864,718 5,864,718 28 Jun 2021 See Note 5 F3, F5
transaction BHG Common Stock Conversion of derivative security +38,137,197 +650% 44,001,915 28 Jun 2021 See Note 5 F3, F5
transaction BHG Common Stock Conversion of derivative security +3,673,284 +8.3% 47,675,199 28 Jun 2021 See Note 5 F3, F5
transaction BHG Common Stock Purchase $4,500,000 +250,000 +0.52% $18.00 47,925,199 28 Jun 2021 See Note 5 F5
transaction BHG Common Stock Conversion of derivative security +14,942,061 14,942,061 28 Jun 2021 See Note 6 F3, F6
transaction BHG Common Stock Conversion of derivative security +7,346,568 +49% 22,288,629 28 Jun 2021 See Note 6 F3, F6
transaction BHG Common Stock Purchase $30,499,992 +1,694,444 +7.6% $18.00 23,983,073 28 Jun 2021 See Note 6 F6

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 See Note 2 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 See Note 2 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 See Note 2 F2, F3
transaction BHG Series C Preferred Conversion of derivative security $0 -1,954,906 -100% $0.000000* 0 28 Jun 2021 Common Stock 5,864,718 See Note 5 F3, F5
transaction BHG Series D Preferred Conversion of derivative security $0 -1,109,284 -100% $0.000000* 0 28 Jun 2021 Common Stock 3,327,852 See Note 2 F2, F3
transaction BHG Series D Preferred Conversion of derivative security $0 -1,164,748 -100% $0.000000* 0 28 Jun 2021 Common Stock 3,494,244 See Note 4 F3, F4
transaction BHG Series D Preferred Conversion of derivative security $0 -12,712,399 -100% $0.000000* 0 28 Jun 2021 Common Stock 38,137,197 See Note 5 F3, F5
transaction BHG Series D Preferred Conversion of derivative security $0 -4,980,687 -100% $0.000000* 0 28 Jun 2021 Common Stock 14,942,061 See Note 6 F3, F6
transaction BHG Series E Preferred Conversion of derivative security $0 -1,224,428 -100% $0.000000* 0 28 Jun 2021 Common Stock 3,673,284 See Note 5 F3, F5
transaction BHG Series E Preferred Conversion of derivative security $0 -2,448,856 -100% $0.000000* 0 28 Jun 2021 Common Stock 7,346,568 See Note 6 F3, F6
* 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 Reporting Person is a manager of NEA 15 GP, LLC ("NEA 15 GP"), which is the sole general partner of NEA Partners 15, L.P. ("NEA Partners 15"). NEA Partners 15 is the sole general partner of New Enterprise Associates 15, L.P. ("NEA 15"), the direct beneficial owner of the securities. The Reporting Person disclaims 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 Reporting Person has no pecuniary interest.
F3 Each share of the Issuer's Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E 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.
F4 The Reporting Person is a manager of NEA 15 GP, which is the sole general partner of NEA Partners 15-OF, L.P. ("NEA Partners 15-OF"). NEA Partners 15-OF is the sole general partner of NEA 15 Opportunity Fund, L.P. ("NEA 15-OF"), the direct beneficial owner of the securities. The Reporting Person disclaims 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-OF in which the Reporting Person has no pecuniary interest.
F5 The Reporting Person is a manager of NEA 16 GP, LLC, which is the sole general partner of NEA Partners 16, L.P. ("NEA Partners 16"). NEA Partners 16 is the sole general partner of New Enterprise Associates 16, L.P. ("NEA 16"), the direct beneficial owner of the securities. The Reporting Person disclaims 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 16 in which the Reporting Person has no pecuniary interest.
F6 The Reporting Person is a manager of NEA 17 GP, LLC, which is the sole general partner of NEA Partners 17, L.P. ("NEA Partners 17"). NEA Partners 17 is the sole general partner of New Enterprise Associates 17, L.P. ("NEA 17"), the direct beneficial owner of the securities. The Reporting Person disclaims 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 17 in which the Reporting Person has no pecuniary interest.