Clint Sever - Mar 30, 2022 Form 4 Insider Report for Cue Health Inc. (HLTH)

Signature
/s/ Erica Palsis, Attorney-in-Fact for Clint Sever
Stock symbol
HLTH
Transactions as of
Mar 30, 2022
Transactions value $
$936,787
Form type
4
Date filed
4/1/2022, 04:53 PM
Previous filing
Mar 28, 2022
Next filing
Jun 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLTH Common Stock Award $0 +343K +9.7% $0.00 3.88M Mar 30, 2022 Direct F1
transaction HLTH Common Stock Award $1.61M +240K +6.17% $6.70* 4.12M Mar 30, 2022 Direct F2
transaction HLTH Common Stock Tax liability -$668K -99.8K -2.42% $6.70* 4.02M Mar 30, 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's common stock. Subject to the reporting person's continued service with the Issuer. One-sixteenth (1/16th) of the shares vest on the first Quarterly Vesting Date that is on or after March 5, 2022 and as to one-sixteenth (1/16th) of the RSUs on each Quarterly Vesting Date thereafter, subject to the reporting person providing continuous service through such date. "Quarterly Vesting Date" is the first trading day on or after each of March 5, June 5, September 5 and December 5.
F2 Represents the grant of common stock in connection with a vesting event pursuant to a performance-based restricted stock unit (PSU) agreement entered into between the Issuer and the reporting person.
F3 The reported shares of common stock were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of PSUs.
F4 Includes 1,041,937 unvested RSUs.