Alberto de Solo - Jun 8, 2023 Form 4 Insider Report for CareMax, Inc. (CMAX)

Role
EVP and COO
Signature
/s/ Meredith Longsworth, Esq., as Attorney-in-Fact for Alberto de Solo
Stock symbol
CMAX
Transactions as of
Jun 8, 2023
Transactions value $
$0
Form type
4
Date filed
6/12/2023, 08:06 PM
Previous filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMAX Class A Common Stock Options Exercise +6.3K +29.43% 27.7K Jun 8, 2023 Direct F1
holding CMAX Class A Common Stock 2.89M Jun 8, 2023 C.G.D. Investment Group F2

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 Restricted Stock Units Options Exercise $0 -6.3K -50% $0.00 6.3K Jun 8, 2023 Class A Common Stock 6.3K $0.00 Direct F3
transaction CMAX Performance Stock Units Award $0 +47.3K $0.00 47.3K Jun 8, 2023 Class A Common Stock 47.3K $0.00 Direct F4
transaction CMAX Restricted Stock Units Award $0 +94.5K $0.00 94.5K Jun 8, 2023 Class A Common Stock 94.5K $0.00 Direct F5
transaction CMAX Stock Option (Employee Right to Buy) Award $0 +94.5K $0.00 94.5K Jun 8, 2023 Class A Common Stock 94.5K $3.72 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 8, 2023, the reporting person received shares of the issuer's Class A common stock ("Common Stock") in settlement of restricted stock units, which vested on June 8, 2023.
F2 The reported securities are held by C.G.D. Investment Group ("C.G.D."). Mr. de Solo beneficially owns the reported securities owned by C.G.D.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Common Stock in accordance with the issuer's 2021 Long-Term Incentive Plan (the "Plan"). On October 29, 2021, the reporting person was granted 18,900 RSUs, vesting in three equal installments on October 29, 2022, June 8, 2023, and June 8, 2024.
F4 Each performance stock unit ("PSU") represents a contingent right to receive one share Common Stock in accordance with 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 June 8, 2025 (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.
F5 Each 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 June 8, 2024, June 8, 2025 and June 8, 2026.
F6 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 June 8, 2024, June 8, 2025 and June 8, 2026.