Angel L. Morales - Nov 20, 2023 Form 4 Insider Report for Cano Health, Inc. (CANO)

Role: Director
Signature: /s/ David J. Armstrong, Attorney-in-Fact
Stock symbol: CANO
Transactions as of: Nov 20, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/22/2023, 06:19 PM
Previous filing: Jun 20, 2023
Next filing: Jul 2, 2024

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		+69.7K			69.7K	Nov 20, 2023	By Angel Morales 2021 Irrevocable Trust	F1, F2, F3
holding	CANO	Class A Common Stock						2.49K	Nov 20, 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	CANO	PCIH Common Units	Conversion of derivative security	$0	-69.7K	-100%	$0.00^*	0	Nov 20, 2023	Class A Common Stock	69.7K		By Angel Morales 2021 Irrevocable Trust	F1, F2, F3, F4
transaction	CANO	Class B Common Stock	Conversion of derivative security	$0	-69.7K	-100%	$0.00^*	0	Nov 20, 2023	Class A Common Stock	69.7K		By Angel Morales 2021 Irrevocable Trust	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the Issuer's 1-for-100 reverse stock split effective as of November 2, 2023.
F2	Reflects the Reporting Person's 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 $0.01 per share ("Class B Common Stock"), for an equal number of shares of the Issuer's Class A Common Stock, par value $0.01 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).
F3	These securities are owned directly by the Angel Morales 2021 Irrevocable Trust. The Reporting Person's spouse and mother are co-trustees of such trust, have shared voting and dispositive power with respect to the securities and therefore are the beneficial owners of the securities. The Reporting Person expressly disclaims beneficial ownership of the securities, except to the extent of his pecuniary interest therein.
F4	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.