Digital Health Sponsor Llc - Jun 24, 2024 Form 4 Insider Report for VSEE HEALTH, INC. (VSEE)

Role
10%+ Owner
Signature
/s/ Lawrence Sands, Manager
Stock symbol
VSEE
Transactions as of
Jun 24, 2024
Transactions value $
$0
Form type
4
Date filed
6/26/2024, 07:36 PM
Previous filing
Nov 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VSEE Common Stock 2.63M Jun 24, 2024 Direct

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 VSEE Series A Preferred Stock Other $0 +350 $0.00 350 Jun 24, 2024 Common Stock 175K $10.00 Direct F1, F2, F3
holding VSEE Warrants 557K Jun 24, 2024 Common Stock 557K $11.50 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Series A preferred stock ("Series A Stock") acquired in connection with closing of the Business Combination pursuant to the terms of the Business Combination Agreement by and among Digital Health Acquisition Corp. ("DHAC"), Digital Health Merger Sub I, Inc., Digital Health Merger Sub II, Inc., VSee Lab, Inc. and iDoc Virtual Telehealth Solutions, Inc. (iDoc") (the "Business Combination"). In the Business Combination certain indebtedness owed by DHAC to affiliates of DHAC, among others, was converted to Series A Stock.
F2 The Series A Stock is convertible into Issuer's common stock at any time following the earlier of 12 months after the initial issuance of Series A Stock or the date on which no shares of Series A Stock remain outstanding.
F3 Not applicable.
F4 Warrants may be exercised at any time commencing 30 days after June 24, 2024.

Remarks:

Lawrence Sands is filing this Form 4 jointly with the Reporting Person solely in his capacity as manager of Reporting Person. As such, he has sole voting and investment power with respect to Issuer's securities held by Reporting Person. Mr. Sands disclaims beneficial ownership of such securities other than to the extent of his pecuniary interest, if any, therein, directly or indirectly.