Robert J. Sheehy - Jun 24, 2021 Form 3 Insider Report for Bright Health Group Inc. (BHG)

Role: Chairman of the Board, Director
Signature: /s/ Eric Halverson for Robert J. Sheehy, Attorney-in-Fact
Stock symbol: BHG
Transactions as of: Jun 24, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/24/2021, 09:55 PM
Previous filing: Jun 30, 2021
Next filing: May 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BHG	Common Stock						18.7M	Jun 24, 2021	By Robert J. Sheehy Revocable Trust	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
holding	BHG	Series A Preferred Stock							Jun 24, 2021	Common Stock	833K		By Robert J. Sheehy Revocable Trust	F1, F2
holding	BHG	Series B Preferred Stock							Jun 24, 2021	Common Stock	521K		By Robert J. Sheehy Revocable Trust	F1, F3
holding	BHG	Stock Options (Right to Buy)							Jun 24, 2021	Common Stock	4.01M	$1.77	Direct	F4
holding	BHG	Stock Options (Right to Buy)							Jun 24, 2021	Common Stock	750K	$2.30	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Reporting person is trustee.
F2	Each share of the Issuer's Series A Preferred Stock will automatically convert into shares of the Issuer's common stock ("Common Stock") on a 1:0.67874873 basis immediately prior to the closing of the Issuer's initial public offering and has no expiration date.
F3	Each share of the Issuer's Series B Preferred Stock will automatically convert into shares of Common Stock on a 1:3 basis immediately prior to the closing of the Issuer's initial public offering and has no expiration date.
F4	These stock options vest over four years as follows: (a) 25% vested on February 19, 2021 (one year after the grant date), and (b) 1/48 of the original grant amount vests in monthly installments for the following three years.
F5	These stock options vest over four years as follows: (a) 25% vests on November 19, 2021 (one year after the grant date), and (b) 1/48 of the original grant amount vests in monthly installments for the following three years.