Mohamad Makhzoumi - May 12, 2023 Form 4 Insider Report for Bright Health Group Inc. (BHG)

Role
Director, 10%+ Owner
Signature
/s/ Louis Citron, attorney-in-fact
Stock symbol
BHG
Transactions as of
May 12, 2023
Transactions value $
$0
Form type
4
Date filed
5/16/2023, 08:46 PM
Previous filing
Dec 22, 2022
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHG Common Stock Options Exercise $0 +95.1K $0.00 95.1K May 13, 2023 Direct
holding BHG Common Stock 107M May 12, 2023 See Note 2 F1, F2
holding BHG Common Stock 3.49M May 12, 2023 See Note 3 F3
holding BHG Common Stock 47.9M May 12, 2023 See Note 4 F4
holding BHG Common Stock 24M May 12, 2023 See Note 5 F5

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 Restricted Stock Units Options Exercise $0 -95.1K -100% $0.00* 0 May 13, 2023 Common Stock 95.1K Direct F6, F7
transaction BHG Restricted Stock Units Award $0 +380K $0.00 380K May 12, 2023 Common Stock 380K Direct F6, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Form 4 filed on June 30, 2021 inadvertently overreported the number of shares by 2 shares. This Form 4 gives effect to the correction.
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 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.
F4 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.
F5 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.
F6 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F7 All of the restricted stock units vested on May 13, 2023, one year from the grant date.
F8 All of the restricted stock units vest on May 12, 2024, one year from the grant date.