Paul Edward Walker - Jun 28, 2021 Form 4 Insider Report for Bright Health Group Inc. (BHG)

Role: 10%+ Owner
Signature: /s/ Sasha Keough, attorney-in-fact
Stock symbol: BHG
Transactions as of: Jun 28, 2021
Transactions value $: $34,999,992
Form type: 4
Date filed: 6/30/2021, 09:33 PM
Previous filing: Jun 24, 2021
Next filing: Oct 19, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BHG	Common Stock	Conversion of derivative security		+5.86M			5.86M	Jun 28, 2021	See Note 2	F1, F2
transaction	BHG	Common Stock	Conversion of derivative security		+38.1M	+650.28%		44M	Jun 28, 2021	See Note 2	F1, F2
transaction	BHG	Common Stock	Conversion of derivative security		+3.67M	+8.35%		47.7M	Jun 28, 2021	See Note 2	F1, F2
transaction	BHG	Common Stock	Purchase	$4.5M	+250K	+0.52%	$18.00	47.9M	Jun 28, 2021	See Note 2	F2
transaction	BHG	Common Stock	Conversion of derivative security		+14.9M			14.9M	Jun 28, 2021	See Note 3	F1, F3
transaction	BHG	Common Stock	Conversion of derivative security		+7.35M	+49.17%		22.3M	Jun 28, 2021	See Note 3	F1, F3
transaction	BHG	Common Stock	Purchase	$30.5M	+1.69M	+7.6%	$18.00	24M	Jun 28, 2021	See Note 3	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 C Preferred	Conversion of derivative security	$0	-1.95M	-100%	$0.00^*	0	Jun 28, 2021	Common Stock	5.86M		See Note 2	F1, F2
transaction	BHG	Series D Preferred	Conversion of derivative security	$0	-12.7M	-100%	$0.00^*	0	Jun 28, 2021	Common Stock	38.1M		See Note 2	F1, F2
transaction	BHG	Series D Preferred	Conversion of derivative security	$0	-4.98M	-100%	$0.00^*	0	Jun 28, 2021	Common Stock	14.9M		See Note 3	F1, F3
transaction	BHG	Series E Preferred	Conversion of derivative security	$0	-1.22M	-100%	$0.00^*	0	Jun 28, 2021	Common Stock	3.67M		See Note 2	F1, F2
transaction	BHG	Series E Preferred	Conversion of derivative security	$0	-2.45M	-100%	$0.00^*	0	Jun 28, 2021	Common Stock	7.35M		See Note 3	F1, 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 C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock converted into shares of the Issuer's 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.
F2	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.
F3	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.