Christopher K. Achar - Mar 2, 2023 Form 4 Insider Report for Cue Health Inc. (HLTH)

Role
Director
Signature
/s/ Erica Palsis, Attorney-in-Fact for Chris Achar
Stock symbol
HLTH
Transactions as of
Mar 2, 2023
Transactions value $
-$10,271
Form type
4
Date filed
3/6/2023, 08:39 PM
Previous filing
Dec 7, 2022
Next filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HLTH Common Stock Award $0 +85.1K +5.86% $0.00 1.54M Mar 2, 2023 Direct F1
transaction HLTH Common Stock Tax liability -$10.3K -4.87K -0.32% $2.11* 1.53M Mar 6, 2023 Direct F2, F3
holding HLTH Common Stock 1.52M Mar 2, 2023 See Footnote F4

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 HLTH Stock Option (right to buy) Award $0 +170K $0.00 170K Mar 2, 2023 Common Stock 170K $2.08 Direct F5
* 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. One-sixteenth (1/16th) of the shares vest on the first Quarterly Vesting Date that is on or after March 6, 2023 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 The reported shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs.
F3 Includes 1,231,018 unvested RSUs.
F4 The securities are directly held by Hlth Wrk LLC. The reporting person is the sole manager of Hlth Wrk LLC and may be deemed to have voting and investment power with respect to the shares held by Hlth Wrk LLC and as a result may be deemed to have beneficial ownership of such shares.
F5 Stock option granted under the Issuer's 2021 Stock Incentive Plan and becomes exercisable on the first Quarterly Vesting Date that is on or after June 5, 2023 and as to one-sixteenth (1/16th) of the stockoptions on each Quarterly Vesting Date thereafter, subject to the reporting person providing continuous service through such date.

Remarks:

Exhibit 24 - Power of Attorney