Brett M. Hickman - 28 Apr 2022 Form 3 Insider Report for ModivCare Inc (MODV)

Role: Chief Commercial Officer
Signature: /s/ Jonathan B. Bush by Power of Attorney
Issuer symbol: MODV
Transactions as of: 28 Apr 2022
Net transactions value: $0
Form type: 3
Filing time: 09 May 2022, 17:16:52 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MODV	Common Stock						1,750	28 Apr 2022	Direct	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	MODV	Employee Stock Option (Right to Buy)							28 Apr 2022	Common Stock	5,013	$114.24	Direct	F2
holding	MODV	Performance Restricted Stock Units							28 Apr 2022	Common Stock	3,501		Direct	F3

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

Explanation of Responses:

Id	Content
F1	Represents restricted stock units scheduled to vest as follows: (1) 583 shares will vest on April 18, 2023, (2) 584 shares will vest on April 18, 2024 and (3) 583 shares will vest on April 18, 2025, in each case, subject to the reporting person's continued employment.
F2	Option becomes exercisable with respect to: (1) 1,671 shares on April 18, 2023, (2) 1,671 shares on April 18, 2024 and (3) 1,671 shares on April 18, 2025, in each case, subject to the reporting person's continued employment.
F3	Represents the contingent right to receive at the expiration of a three-year vesting period beginning on the April 18, 2022 grant date a number of shares of issuer common stock determined by multiplying the number of performance units by a percentage from 50% to 200% that corresponds to specified share price thresholds measured by reference to a volume-weighted average price (VWAP) of the issuer's common stock over a specified period of trading days achieved at any time during the vesting period of the award, subject to the reporting person's continued employment throughout the vesting period. The number of shares of common stock reported assumes a VWAP performance target achieved that corresponds to a 100% payout level. Vested shares of common stock, if any, are to be delivered within ten business days following the expiration of the vesting period.

Remarks:

Exhibit Index: Exhibit 24 - Power of Attorney