Kevin Wirges - Jun 8, 2023 Form 4 Insider Report for CareMax, Inc. (CMAX)

Role: EVP, Treasurer and CFO
Signature: /s/ Meredith Longsworth, Esq., as Attorney-in-Fact for Kevin Wirges
Stock symbol: CMAX
Transactions as of: Jun 8, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/12/2023, 08:10 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		+4.43K	+2.75%		166K	Jun 8, 2023	Direct	F1

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	-4.43K	-50%	$0.00	4.43K	Jun 8, 2023	Class A Common Stock	4.43K	$0.00	Direct	F2
transaction	CMAX	Performance Stock Units	Award	$0	+33.3K		$0.00	33.3K	Jun 8, 2023	Class A Common Stock	33.3K	$0.00	Direct	F3
transaction	CMAX	Restricted Stock Units	Award	$0	+66.5K		$0.00	66.5K	Jun 8, 2023	Class A Common Stock	66.5K	$0.00	Direct	F4
transaction	CMAX	Stock Option (Employee Right to Buy)	Award	$0	+66.5K		$0.00	66.5K	Jun 8, 2023	Class A Common Stock	66.5K	$3.72	Direct	F5

* 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	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 13,300 RSUs, vesting in three equal installments on October 29, 2022, June 8, 2023, and June 8, 2024.
F3	Each performance stock unit ("PSU") represents a contingent right to receive one share of 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.
F4	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.
F5	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.