Keith J. Nelsen - 19 Feb 2021 Form 4 Insider Report for Bright Health Group Inc. (NEUE)

Role: GC & CORPORATE SECRETARY
Signature: /s/ Eric Halverson for Keith Nelsen, Attorney-in-Fact
Issuer symbol: NEUE
Transactions as of: 19 Feb 2021
Net transactions value: +$797,850
Form type: 4
Filing time: 30 Jun 2021, 21:45:17 UTC
Next filing: 24 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BHG	Common Stock	Options Exercise	$797,850	+450,000		$1.77^*	450,000	12 May 2021	Direct
transaction	BHG	Common Stock	Gift	$0	-150,000	-33%	$0.000000	300,000	18 Jun 2021	Direct
transaction	BHG	Common Stock	Gift	$0	-150,000	-50%	$0.000000	150,000	18 Jun 2021	Direct
transaction	BHG	Common Stock	Gift	$0	+150,000		$0.000000	150,000	18 Jun 2021	See Footnote	F1
transaction	BHG	Common Stock	Gift	$0	+150,000		$0.000000	150,000	18 Jun 2021	See Footnote	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	BHG	Restricted Stock Units	Award	$0	+1,050,000		$0.000000	1,050,000	28 Jun 2021	Common Stock	1,050,000		Direct	F3, F4, F5
transaction	BHG	Stock Options (Right to Buy)	Award	$0	+675,000		$0.000000	675,000	19 Feb 2021	Common Stock	675,000	$2.30	Direct	F6
transaction	BHG	Stock Options (Right to Buy)	Options Exercise	$0	-450,000	-25%	$0.000000	1,350,000	12 May 2021	Common Stock	450,000	$1.77	Direct	F7
holding	BHG	Stock Options (Right to Buy)						225,000	19 Feb 2021	Common Stock	225,000	$2.30	Direct	F8

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

Explanation of Responses:

Id	Content
F1	Reflects securities held by Grace K. Nelsen 2021 Irrevocable Trust. These securities were inadvertently reported as directly owned by the Reporting Person on the Form 3 filed on June 24, 2021 in connection with the Issuer's initial public offering (the "Form 3").
F2	Reflects securities held by Maxwell D. Nelsen 2021 Irrevocable Trust. These securities were inadvertently reported as directly owned by the Reporting Person on the Form 3 filed the Reporting Person.
F3	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock ("Common Stock").
F4	These performance-based restricted stock units ("PSUs") vest if the performance conditions are met.
F5	These PSUs shall vest as follows if the following price per share goals are met.
F6	These stock options vest over four years as follows: (a) 25% vests June 24, 2022 and (b) 1/48 of the original grant amount vests in monthly installments for the following three years.
F7	These stock options vest over four years as follows: (a) 25% vested on May 4, 2021 (one year after commencement of employment), and (b) 1/48 of the original grant amount (1,800,000) vests in monthly installments for the following three years.
F8	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.