Sharon Vitti - Aug 20, 2024 Form 4 Insider Report for ATI Physical Therapy, Inc. (ATIP)

Role: Chief Executive Officer, Director
Signature: /s/ Erik Kantz as Attorney-in-Fact for Reporting Person
Stock symbol: ATIP
Transactions as of: Aug 20, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/22/2024, 04:41 PM
Previous filing: May 14, 2024

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	ATIP	Stock Option (Right to Buy)	Award	$0	+195K	+1021.35%	$0.00	214K	Aug 20, 2024	Class A Common Stock	195K	$10.00	Direct	F1
transaction	ATIP	Stock Option (Right to Buy)	Award	$0	+195K	+91.08%	$0.00	410K	Aug 20, 2024	Class A Common Stock	195K	$12.50	Direct	F1
transaction	ATIP	Stock Option (Right to Buy)	Award	$0	+195K	+47.67%	$0.00	605K	Aug 20, 2024	Class A Common Stock	195K	$25.00	Direct	F1
transaction	ATIP	Stock Option (Right to Buy)	Award	$0	+391K	+64.56%	$0.00	996K	Aug 20, 2024	Class A Common Stock	391K	$50.00	Direct	F1
holding	ATIP	Stock Option (Right to Buy)						19.1K	Aug 20, 2024	Class A Common Stock	19.1K	$78.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	One-third of the Stock Options vest on each of the following dates: April 1, 2025, April 1, 2026, and April 1, 2027, each subject to the Reporting Person's continued service through the applicable vesting date.
F2	This Stock Option was adjusted to reflect the reverse stock split that occurred on June 14, 2023, wherein the issuer effected a reverse stock split of its Class A Common Stock at a ratio of 1-for-50, resulting in every 50 shares owned by the Reporting Person to be combined into one share of Class A Common Stock. Further, the Stock Option is reflecting the grant date of May 12, 2022 and expiration date of May 12, 2032. One-third of the Stock Options vest on each of the first three anniversaries of May 12, 2022, each subject to the Reporting Person's continued service through the applicable vesting date.

Content

One-third of the Stock Options vest on each of the following dates: April 1, 2025, April 1, 2026, and April 1, 2027, each subject to the Reporting Person's continued service through the applicable vesting date.

This Stock Option was adjusted to reflect the reverse stock split that occurred on June 14, 2023, wherein the issuer effected a reverse stock split of its Class A Common Stock at a ratio of 1-for-50, resulting in every 50 shares owned by the Reporting Person to be combined into one share of Class A Common Stock. Further, the Stock Option is reflecting the grant date of May 12, 2022 and expiration date of May 12, 2032. One-third of the Stock Options vest on each of the first three anniversaries of May 12, 2022, each subject to the Reporting Person's continued service through the applicable vesting date.