Tomas Valdivia - Feb 9, 2021 Form 4 Insider Report for Bright Health Group Inc. (BHG)

Role
CHIEF HEALTH & EQUITY OFFICER
Signature
/s/ Eric Halverson for Tomas Valdivia, Attorney-in-Fact
Stock symbol
BHG
Transactions as of
Feb 9, 2021
Transactions value $
$202,005
Form type
4
Date filed
6/30/2021, 09:40 PM
Next filing
Jun 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHG Common Stock Options Exercise $32.5K +31.3K +0.72% $1.04* 4.34M Feb 9, 2021 Direct
transaction BHG Common Stock Options Exercise $136K +125K +2.88% $1.09* 4.47M Feb 9, 2021 Direct
transaction BHG Common Stock Options Exercise $6.5K +6.25K +0.14% $1.04* 4.47M Mar 1, 2021 Direct
transaction BHG Common Stock Options Exercise $27.2K +25K +0.56% $1.09* 4.5M Mar 1, 2021 Direct
transaction BHG Common Stock Conversion of derivative security +11.3K +0.25% 4.51M Jun 28, 2021 Direct F1
holding BHG Common Stock 770K Feb 9, 2021 By spouse
holding BHG Common Stock 770K Feb 9, 2021 By Valdivia 2020 Family Investment, LLC

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 BHG Restricted Stock Units Award $0 +1.05M $0.00 1.05M Jun 28, 2021 Common Stock 1.05M Direct F2, F3, F4
transaction BHG Series A Preferred Stock Conversion of derivative security $0 -16.6K -100% $0.00* 0 Jun 28, 2021 Common Stock 11.3K Direct F1
transaction BHG Stock Options (Right to Buy) Options Exercise $0 -31.3K -19.23% $0.00 131K Feb 9, 2021 Common Stock 31.3K $1.04 Direct F5
transaction BHG Stock Options (Right to Buy) Options Exercise $0 -125K -13.51% $0.00 800K Feb 9, 2021 Common Stock 125K $1.09 Direct F6
transaction BHG Stock Options (Right to Buy) Options Exercise $0 -6.25K -4.76% $0.00 125K Mar 1, 2021 Common Stock 6.25K $1.04 Direct F5
transaction BHG Stock Options (Right to Buy) Options Exercise $0 -25K -3.12% $0.00 775K Mar 1, 2021 Common Stock 25K $1.09 Direct F6
holding BHG Stock Options (Right to Buy) 150K Feb 9, 2021 Common Stock 150K $2.30 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of the Issuer's Series A Preferred Stock converted into shares of the Issuer's 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.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock ("Common Stock").
F3 These performance-based restricted stock units ("PSUs") shall vest if the performance conditions are met.
F4 These performance-based restricted stock units ("PSUs") shall vest if the performance conditions are met.
F5 These stock options vest over four years as follows: (a) 25% vested on October 18, 2019 (one year after the grant date), and (b) 1/48 of the original grant amount (300,000) vests in monthly installments for the following three years.
F6 These stock options vest over four years as follows: 1/48 of the original grant amount (300,000) vests in monthly installments over the four year period that began on October 1, 2019.
F7 These stock options vest over four years as follows: (a) 25% vests on December 18, 2021, and (b) 1/48 of the original grant amount vests in monthly installments for the following three years.