Solomon D. Trujillo - Dec 7, 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: Dec 7, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/8/2023, 06:11 PM
Previous filing: Jun 20, 2023
Next filing: Feb 28, 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		+137K			137K	Dec 7, 2023	By Trujillo Group, LLC	F1, F2, F3
holding	CANO	Class A Common Stock						3.78K	Dec 7, 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	-137K	-100%	$0.00^*	0	Dec 7, 2023	Class A Common Stock	137K		By Trujillo Group, LLC	F1, F2, F3, F4
transaction	CANO	Class B Common Stock	Conversion of derivative security	$0	-137K	-100%	$0.00^*	0	Dec 7, 2023	Class A Common Stock	137K		By Trujillo Group, LLC	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 Trujillo Group, LLC. The Reporting Person is the sole member of Trujillo Group, LLC and therefore the beneficial owner of the securities.
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.