Carlos de Solo - Apr 1, 2022 Form 4 Insider Report for CareMax, Inc. (CMAX)

Role
President and CEO, Director
Signature
/s/ Meredith Longsworth, Esq., as attorney-in-fact for Carlos A. de Solo
Stock symbol
CMAX
Transactions as of
Apr 1, 2022
Transactions value $
$0
Form type
4
Date filed
4/5/2022, 09:05 PM
Previous filing
Nov 2, 2021
Next filing
Jul 11, 2022

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 CMAX Performance Stock Units Award $0 +51.4K $0.00 51.4K Apr 1, 2022 Class A Common Stock 51.4K $0.00 Direct F1
transaction CMAX Restricted Stock Units Award $0 +103K $0.00 103K Apr 1, 2022 Class A Common Stock 103K $0.00 Direct F2
transaction CMAX Stock Options Award $0 +103K $0.00 103K Apr 1, 2022 Class A Common Stock 103K $8.34 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance stock unit ("PSU") represents a contingent right to receive one share of the issuer's Class A common stock ("Common Stock") in accordance with the issuer's 2021 Long-Term Incentive Plan (the "Plan"). The PSUs vest based on the volume weighted average price (the "VWAP") of the Common Stock during the thirty trading days prior to April 1, 2024 (the "Measurement Period"). The number of PSUs listed is the base number of PSUs that may vest. The actual number of PSUs that will vest will be between zero and two times the base number of PSUs depending on the VWAP of the Common Stock during the Measurement Period.
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Common Stock in accordance with the Plan. The RSUs will vest in three equal installments on April 1, 2023, April 1, 2024 and April 1, 2025.
F3 Each stock option represents a contingent right to receive, upon the exercise of a vested stock option, one share of Common Stock in accordance with the Plan. The stock options will vest in three equal installments on April 1, 2023, April 1, 2024 and April 1, 2025.