Healthwell Acquisition Corp. I Sponsor LLC - Jul 21, 2023 Form 4 Insider Report for Healthwell Acquisition Corp. I (HWEL)

Role
10%+ Owner
Signature
Healthwell Acquisition Corp. I Sponsor LLC By: /s/ Alyssa J. Rapp, Manager By: /s/ John L. MacCarthy, Manager
Stock symbol
HWEL
Transactions as of
Jul 21, 2023
Transactions value $
$0
Form type
4
Date filed
7/25/2023, 05:45 PM
Previous filing
Sep 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HWEL Class A Common Stock Conversion of derivative security +6.25M 6.25M Jul 21, 2023 Direct F1, 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 HWEL Class B Common Stock Conversion of derivative security -6.25M -100% 1 Jul 21, 2023 Class A Common Stock 6.25M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B common stock, par value $0.0001 per share, of the Issuer ("Class B Common Stock") are convertible into an equal number of shares of Class A common stock, par value $0.0001 per share, of the Issuer ("Class A Common Stock"). On July 21, 2023, Healthwell Acquisition Corp. I Sponsor LLC (the "Sponsor") elected to convert 6,249,999 shares of their Class B Common Stock into an equal number of shares of Class A Common Stock.
F2 The securities are held directly by the Sponsor and indirectly by Alyssa Rapp, who serves as the Chief Executive Officer and a director of the Issuer, and John L. MacCarthy, who serves as a director of the Issuer, and who directly control the Sponsor. Certain of the Issuer's other directors and officers hold economic interests in the Sponsor and pecuniary interests in certain of the securities held by the Sponsor. Each of Ms. Rapp and Mr. MacCarthy and such other directors and officers disclaims beneficial ownership of such securities except to the extent of his or her pecuniary interest therein.