Richard Aguilar - 25 May 2023 Form 4 Insider Report for Cano Health, Inc.

Role
Chief Clinical Officer
Signature
/s/ David J. Armstrong, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
25 May 2023
Net transactions value
-$1,733,966
Form type
4
Filing time
13 Jun 2023, 21:50:56 UTC
Previous filing
06 Apr 2023
Next filing
02 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CANO Class A Common Stock Conversion of derivative security $0 +675,940 +56% $0.000000 1,889,924 25 May 2023 Direct F1
transaction CANO Class A Common Stock Conversion of derivative security $0 +600,000 $0.000000 600,000 25 May 2023 See Note F1, F2
transaction CANO Class A Common Stock Sale $528,400 -400,000 -21% $1.32 1,489,924 07 Jun 2023 Direct F3
transaction CANO Class A Common Stock Gift $0 -600,000 -100% $0.000000* 0 08 Jun 2023 See Note F2
transaction CANO Class A Common Stock Gift $0 +600,000 +40% $0.000000 2,089,924 08 Jun 2023 Direct
transaction CANO Class A Common Stock Sale $356,156 -275,940 -13% $1.29 1,813,984 08 Jun 2023 Direct F4
transaction CANO Class A Common Stock Sale $137,760 -100,000 -5.5% $1.38 1,713,984 09 Jun 2023 Direct F5
transaction CANO Class A Common Stock Sale $711,650 -500,000 -29% $1.42 1,213,984 12 Jun 2023 Direct F6

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 CANO PCIH Common Units Conversion of derivative security $0 -675,940 -100% $0.000000* 0 25 May 2023 Class A Common Stock 675,940 Direct F1, F7
transaction CANO Class B Common Stock Conversion of derivative security $0 -675,940 -100% $0.000000* 0 25 May 2023 Class A Common Stock 675,940 Direct F1, F7
transaction CANO PCIH Common Units Conversion of derivative security $0 -600,000 -10% $0.000000 5,292,276 25 May 2023 Class A Common Stock 600,000 See Note F1, F2, F7
transaction CANO Class B Common Stock Conversion of derivative security $0 -600,000 -10% $0.000000 5,292,276 25 May 2023 Class A Common Stock 600,000 See Note F1, F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects an exchange of Primary Care (ITC) Intermediate Holdings, LLC ("PCIH Common Units"), together with the surrender and cancellation of the same number of shares of the Issuer's Class B Common Stock, par value $0.0001 per share ("Class B Common Stock"), for an equal number of shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), pursuant to the Second Amended And Restated Limited Liability Company Agreement of Primary Care (ITC) Intermediate Holdings, LLC (the "LLC Agreement"). Transactions are exempt from Section 16(b) in reliance on Rule 16b-6(b).
F2 These securities are owned directly by Aguilar Borrower Holdings LLC. The Reporting Person has sole voting and dispositive power with respect to all of these securities and therefore is a beneficial owner of these securities.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.30 to $1.35. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.26 to $1.33. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.365 to $1.39. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.39 to $1.45. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 PCIH Common Units, together with an equal number of shares of the Class B Common Stock, are exchangeable for shares of Class A Common Stock on a one-for-one basis pursuant to the LLC Agreement. The PCIH Common Units have no expiration date.